55902 — Olmsted County, Minnesota Market Snapshot
Housing market data for zip code 55902 in Olmsted County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
96 sales in 2026 (year to date)
Median Sale Price
$560,000
Days to Sell
22
Homes Sold
96
Inventory
115
Sale-to-List
98.6%
New Listings
181
Price/SqFt
$201
Pending Sales
138
Conforming Loan Available
Most homebuyers in 55902 can comfortably use conventional financing. The median home price of $560,000 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 55902 are moving quickly at 22 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 55902 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55902 can comfortably use conventional financing. The median home price of $560,000 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 55902 are set at the county level.
2026 Loan Limits — Olmsted 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 55902
To purchase the median home at $560,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,441.
Monthly Payment
$4,441
Income Required
$190,309
Principal & Interest
$3,451/mo
Down Payment (5%)
$28,000
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 55902.
Estimated Monthly Payment
$3,616
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