55060
Owatonna, Minnesota.
Owatonna, Steele County, MN · Owatonna, MN metro · population 29,599
to buy the typical home at today's mortgage rate — +$839 (+118%) since Jan 2020.
- 1 year
- Up $5,077 +2%
- $289,978$295,054 since Sep 2025
- 5 years
- Up $53,720 +22%
- $241,334$295,054 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.
- 55060$1,549
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in zip 55060 rose 1.8% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Owatonna, MN — measured over the city limits, which is a different area from this zip.
Asking rent — 55060
Against the Owatonna, MN metro and the national benchmark.
- 55060$1,081
- Owatonna$1,068
- United States$1,932
Typical home value — 55060
Mid-tier homes, smoothed and seasonally adjusted.
- 55060$295,054
- Owatonna$293,320
- 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 |
|---|---|---|---|---|---|
| 8.1 | 55049 | Medford | 2,636 | — | $306,654 |
| 10.5 | 55924 | Claremont | 1,170 | — | $307,435 |
| 13.2 | 56026 | Ellendale | 2,124 | — | $301,670 |
| 14.4 | 56093 | Waseca | 12,672 | — | $250,149 |
| 14.5 | 55917 | Blooming Prairie | 3,410 | — | $268,896 |
| 15.3 | 55087 | Warsaw | 327 | — | $261,852 |
| 16.0 | 55052 | Morristown | 2,114 | — | $326,948 |
| 16.6 | 56035 | Geneva | 387 | — | $225,616 |
| 16.6 | 55021 | Faribault | 30,908 | $1,360 | $302,149 |
| 17.4 | 55985 | West Concord | 1,759 | — | $287,335 |
| 17.6 | 55927 | Dodge Center | 4,297 | — | $294,260 |
| 18.1 | 56072 | New Richland | 2,228 | — | $273,303 |
| 19.2 | 55946 | Kenyon | 3,395 | — | $297,632 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.