55089
Welch, Minnesota.
Welch, Goodhue County, MN · Red Wing, MN metro · population 1,612
to buy the typical home at today's mortgage rate — +$1,280 (+106%) since Jan 2020.
- 1 year
- Up $12,223 +3%
- $462,649$474,872 since Sep 2025
- 5 years
- Up $74,838 +19%
- $400,034$474,872 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.
- 55089$2,492
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in zip 55089 rose 2.6% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Goodhue County, MN 97% · Dakota County, MN 3%
Zillow also publishes an index for the city itself: Welch, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55089
Mid-tier homes, smoothed and seasonally adjusted.
- 55089$474,872
- Red Wing$321,176
- 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 |
|---|---|---|---|---|---|
| 7.4 | 54014 | Hager City | 2,026 | — | $350,275 |
| 9.4 | 55066 | Red Wing | 19,226 | $1,443 | $282,512 |
| 10.2 | 54021 | Prescott | 7,346 | — | $414,720 |
| 11.1 | 55009 | Cannon Falls | 8,127 | — | $373,847 |
| 11.2 | 55033 | Hastings | 29,674 | $1,630 | $384,069 |
| 13.0 | 55031 | Hampton | 1,881 | — | $466,526 |
| 13.4 | 55027 | Goodhue | 2,739 | — | $369,401 |
| 13.5 | 54723 | Bay City | 973 | — | $315,453 |
| 14.0 | 55085 | Vermillion | 371 | — | $344,455 |
| 14.5 | 54011 | Ellsworth | 7,054 | — | $348,404 |
| 15.9 | 55065 | Randolph | 1,224 | — | $473,610 |
| 18.2 | 54022 | River Falls | 24,789 | $1,771 | $413,886 |
| 18.6 | 55018 | Dennison | 969 | — | $419,982 |
| 18.6 | 55026 | Frontenac | 470 | — | $342,981 |
| 18.7 | 54003 | Beldenville | 1,065 | — | $419,912 |
| 19.2 | 55016 | Cottage Grove | 40,695 | $1,827 | $397,202 |
| 19.9 | 55992 | Zumbrota | 5,544 | — | $331,052 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.