55053
Nerstrand, Minnesota.
Nerstrand, Rice County, MN · Faribault-Northfield, MN metro · population 995
to buy the typical home at today's mortgage rate — +$1,236 (+124%) since Jan 2020.
- 1 year
- Up $18,565 +5%
- $406,420$424,985 since Sep 2025
- 5 years
- Up $95,920 +29%
- $329,065$424,985 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.
- 55053$2,231
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in zip 55053 rose 4.6% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Rice County, MN 69% · Goodhue County, MN 31%
Zillow also publishes an index for the city itself: Nerstrand, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55053
Mid-tier homes, smoothed and seasonally adjusted.
- 55053$424,985
- 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 |
|---|---|---|---|---|---|
| 6.1 | 55018 | Dennison | 969 | — | $419,982 |
| 8.0 | 55946 | Kenyon | 3,395 | — | $297,632 |
| 10.1 | 55019 | Dundas | 2,305 | — | $393,679 |
| 10.2 | 55057 | Northfield | 25,650 | $1,756 | $392,809 |
| 10.9 | 55021 | Faribault | 30,908 | $1,360 | $302,149 |
| 13.3 | 55983 | Wanamingo | 1,874 | — | $302,772 |
| 13.5 | 55009 | Cannon Falls | 8,127 | — | $373,847 |
| 13.8 | 55065 | Randolph | 1,224 | — | $473,610 |
| 14.8 | 55049 | Medford | 2,636 | — | $306,654 |
| 15.6 | 55985 | West Concord | 1,759 | — | $287,335 |
| 18.5 | 55087 | Warsaw | 327 | — | $261,852 |
| 18.5 | 55031 | Hampton | 1,881 | — | $466,526 |
| 18.5 | 55046 | Lonsdale | 6,145 | — | $371,893 |
| 19.2 | 55992 | Zumbrota | 5,544 | — | $331,052 |
| 19.5 | 55024 | Farmington | 37,287 | $2,089 | $398,575 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.