55122 — Dakota County, Minnesota Market Snapshot
Housing market data for zip code 55122 in Dakota County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
95 sales in 2026 (year to date)
Median Sale Price
$349,100
Days to Sell
18
Homes Sold
95
Inventory
55
Sale-to-List
101.0%
New Listings
141
Price/SqFt
$194
Pending Sales
138
Conforming Loan Available
Most homebuyers in 55122 can comfortably use conventional financing. The median home price of $349,100 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
Homes in 55122 are moving quickly at 18 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 55122 (101.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55122 can comfortably use conventional financing. The median home price of $349,100 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 55122 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 55122
To purchase the median home at $349,100 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,825.
Monthly Payment
$2,825
Income Required
$121,058
Principal & Interest
$2,151/mo
Down Payment (5%)
$17,455
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 55122.
Estimated Monthly Payment
$2,311
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