55150 — Dakota County, Minnesota Market Snapshot
Housing market data for zip code 55150 in Dakota County, Minnesota. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Dakota County county page for broader data.
Market Sales Data
1 sales in 2023
Median Sale Price
$354,848
Days to Sell
39
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 55150 can comfortably use conventional financing. The median home price of $354,848 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
55150's market is balanced with homes taking an average of 39 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 55150 can comfortably use conventional financing. The median home price of $354,848 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 55150 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 55150
To purchase the median home at $354,848 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,869.
Monthly Payment
$2,869
Income Required
$122,946
Principal & Interest
$2,186/mo
Down Payment (5%)
$17,742
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 55150.
Estimated Monthly Payment
$2,346
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