55052
Morristown, Minnesota.
Morristown, Rice County, MN · Faribault-Northfield, MN metro · population 2,114
to buy the typical home at today's mortgage rate — +$922 (+116%) since Jan 2020.
- 1 year
- Up $9,650 +3%
- $317,298$326,948 since Sep 2025
- 5 years
- Up $67,746 +26%
- $259,202$326,948 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.
- 55052$1,716
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in zip 55052 rose 3.0% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Rice County, MN 85% · Waseca County, MN 10% · Steele County, MN 6%
Zillow also publishes an index for the city itself: Morristown, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55052
Mid-tier homes, smoothed and seasonally adjusted.
- 55052$326,948
- Faribault$350,912
- 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 |
|---|---|---|---|---|---|
| 1.7 | 55087 | Warsaw | 327 | — | $261,852 |
| 8.0 | 56096 | Waterville | 2,953 | — | $320,782 |
| 8.4 | 56052 | Kilkenny | 747 | — | $394,703 |
| 9.3 | 55021 | Faribault | 30,908 | $1,360 | $302,149 |
| 10.6 | 55049 | Medford | 2,636 | — | $306,654 |
| 12.4 | 56093 | Waseca | 12,672 | — | $250,149 |
| 13.4 | 56028 | Elysian | 1,018 | — | $419,314 |
| 13.8 | 56069 | Montgomery | 4,991 | — | $321,724 |
| 14.7 | 55046 | Lonsdale | 6,145 | — | $371,893 |
| 15.5 | 55019 | Dundas | 2,305 | — | $393,679 |
| 16.0 | 55060 | Owatonna | 29,599 | $1,081 | $295,054 |
| 16.7 | 56048 | Janesville | 4,025 | — | $293,333 |
| 17.8 | 56057 | Le Center | 3,919 | — | $316,429 |
| 18.8 | 56063 | Madison Lake | 3,221 | — | $453,412 |
| 19.4 | 56017 | Cleveland | 1,763 | — | $383,798 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.