55020 — Scott County, Minnesota Market Snapshot
Housing market data for zip code 55020 in Scott County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
26 sales in 2026 (year to date)
Median Sale Price
$547,500
Days to Sell
40
Homes Sold
26
Inventory
26
Sale-to-List
99.0%
New Listings
48
Price/SqFt
$218
Pending Sales
30
Conforming Loan Available
Most homebuyers in 55020 can comfortably use conventional financing. The median home price of $547,500 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
55020's market is balanced with homes taking an average of 40 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 55020 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55020 can comfortably use conventional financing. The median home price of $547,500 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 55020 are set at the county level.
2026 Loan Limits — Scott 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 55020
To purchase the median home at $547,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,345.
Monthly Payment
$4,345
Income Required
$186,204
Principal & Interest
$3,374/mo
Down Payment (5%)
$27,375
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 55020.
Estimated Monthly Payment
$3,538
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