55068 — Dakota County, Minnesota Market Snapshot
Housing market data for zip code 55068 in Dakota County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$346,495
Days to Sell
75
Homes Sold
34
Inventory
56
Sale-to-List
99.1%
New Listings
93
Price/SqFt
$195
Pending Sales
52
Conforming Loan Available
Most homebuyers in 55068 can comfortably use conventional financing. The median home price of $346,495 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 75 days on average, 55068 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 55068 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55068 can comfortably use conventional financing. The median home price of $346,495 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 55068 are set at the county level.
2026 Loan Limits — Dakota County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $552,000 |
| 2 Units | $1,066,250 | $706,650 |
| 3 Units | $1,288,800 | $854,200 |
| 4 Units | $1,601,750 | $1,061,550 |
Affordability Snapshot — Zip 55068
To purchase the median home at $346,495 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,805.
Monthly Payment
$2,805
Income Required
$120,203
Principal & Interest
$2,135/mo
Down Payment (5%)
$17,325
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 55068.
Estimated Monthly Payment
$2,294
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