55020
Elko New Market, Minnesota.
Elko New Market, Scott County, MN · Minneapolis-St. Paul-Bloomington, MN-WI metro · population 4,115
to buy the typical home at today's mortgage rate — +$1,353 (+97%) since Jan 2020.
- 1 year
- Up $14,103 +3%
- $508,081$522,184 since Sep 2025
- 5 years
- Up $65,101 +14%
- $457,083$522,184 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 55020$2,741
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in zip 55020 rose 2.8% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Elko New Market, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55020
Mid-tier homes, smoothed and seasonally adjusted.
- 55020$522,184
- Minneapolis$387,807
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 1.2 | 55054 | Elko New Market | 2,831 | — | $432,799 |
| 3.3 | 55088 | Webster | 1,812 | — | $600,022 |
| 6.5 | 55044 | Lakeville | 64,762 | $2,108 | $512,518 |
| 7.2 | 55372 | Prior Lake | 34,772 | $2,059 | $519,631 |
| 9.3 | 55046 | Lonsdale | 6,145 | — | $371,893 |
| 10.7 | 56071 | New Prague | 13,157 | $1,418 | $422,640 |
| 11.4 | 55306 | Burnsville | 16,830 | $1,420 | $411,940 |
| 11.8 | 55352 | Jordan | 10,515 | — | $435,383 |
| 12.0 | 55057 | Northfield | 25,650 | $1,756 | $392,809 |
| 12.2 | 55024 | Farmington | 37,287 | $2,089 | $398,575 |
| 12.4 | 55378 | Savage | 32,162 | $1,934 | $432,093 |
| 12.9 | 55019 | Dundas | 2,305 | — | $393,679 |
| 14.0 | 56069 | Montgomery | 4,991 | — | $321,724 |
| 14.2 | 55379 | Shakopee | 50,041 | $1,763 | $407,221 |
| 14.4 | 55124 | Saint Paul | 55,658 | $1,985 | $374,882 |
| 14.6 | 55337 | Burnsville | 47,633 | $1,505 | $350,753 |
| 17.1 | 55438 | Minneapolis | 15,701 | $1,749 | $402,961 |
| 17.1 | 55437 | Minneapolis | 18,881 | $1,689 | $392,607 |
| 17.5 | 55431 | Minneapolis | 18,664 | $1,805 | $374,217 |
| 17.6 | 55065 | Randolph | 1,224 | — | $473,610 |
| 17.9 | 55122 | Saint Paul | 32,261 | $1,694 | $353,263 |
| 18.0 | 55347 | Eden Prairie | 30,429 | $2,183 | $566,191 |
| 18.0 | 55315 | Carver | 7,147 | — | $508,192 |
| 18.5 | 55420 | Minneapolis | 24,451 | $1,450 | $332,023 |
| 18.6 | 55068 | Rosemount | 33,119 | $2,027 | $407,070 |
| 19.5 | 55123 | Saint Paul | 26,501 | $1,771 | $468,651 |
| 19.5 | 55425 | Minneapolis | 10,908 | $1,669 | $320,645 |
| 19.8 | 56052 | Kilkenny | 747 | — | $394,703 |
| 19.9 | 56011 | Belle Plaine | 9,921 | — | $349,465 |
| 19.9 | 55021 | Faribault | 30,908 | $1,360 | $302,149 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.