55940 — Dodge County, Minnesota Market Snapshot
Housing market data for zip code 55940 in Dodge County, Minnesota. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 5 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Dodge County county page for broader data.
Market Sales Data
5 sales in 2026 (year to date)
Median Sale Price
$235,600
Days to Sell
33
Homes Sold
5
Inventory
N/A
Conforming Loan Available
Most homebuyers in 55940 can comfortably use conventional financing. The median home price of $235,600 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
55940's market is balanced with homes taking an average of 33 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 55940 can comfortably use conventional financing. The median home price of $235,600 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 55940 are set at the county level.
2026 Loan Limits — Dodge County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 55940
To purchase the median home at $235,600 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,955.
Monthly Payment
$1,955
Income Required
$83,790
Principal & Interest
$1,452/mo
Down Payment (5%)
$11,780
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 55940.
Estimated Monthly Payment
$1,608
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