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ZIP Code 55906

Olmsted, Minnesota

ZCTA 55906

Juniper

ZIP Code 55906 is in the 17th percentile nationally for home price growth over five years. It also sits in the highest 24% nationally for median income. And it sits in the highest 28% nationally for home price against income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$426,412

Higher than 65% of U.S. ZIP codes
Home Price Growth, Past Five Years

39%

Lower than 83% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

67.7

Near the U.S. ZIP codes median

The boundary of ZIP Code 55906, in Olmsted, Minnesota.

The basics

Total Population

20,437

Median Age

42.1

Population Density

332.35

Home values & property tax

Median Property Tax

$3,886

Property Tax Rateyearly tax as a share of home value

1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.03×

Higher than 72% of U.S. ZIP codes
Median Income

$93,685

Higher than 76% of U.S. ZIP codes
Median Rent

$1,196

Higher than 64% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

3.2%

Near the U.S. ZIP codes median
Pandemic Price Run-Up2019–20 low → 2022–23 peak

31%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

8.8%

Climate & weather

Summer Avg High (°F)

79.4

Winter Avg Low (°F)

6.9

Avg Temperature (°F)

43.3

Hot Days/yr (>90°F)

7.9

Freezing Days/yr (<32°F)

176.1

Annual Precipitation (in)

37

Annual Snowfall (in)

44.4

Flood & disaster risk

FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

67.7

Near the U.S. ZIP codes median

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 55906: frequently asked questions

What is the typical home value in ZIP Code 55906?
The estimated median home value in ZIP Code 55906 today is $426,412, higher than 65% of U.S. ZIP codes.
How much is property tax in ZIP Code 55906?
The median annual property tax in ZIP Code 55906 is $3,886, an effective rate of 1% of home value.
Is ZIP Code 55906 expensive to live in?
Homes in ZIP Code 55906 cost about 4.03× the median household income, higher than 72% of U.S. ZIP codes.
What is the average rent in ZIP Code 55906?
The median gross rent in ZIP Code 55906 is $1,196 a month, higher than 64% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 55906?
Home prices in ZIP Code 55906 have moved 39% over the past five years (3.2% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 55906?
ZIP Code 55906 has a population of 20,437, about 332.35 people per square mile, per the U.S. Census American Community Survey. The median age is 42.1.
What is the weather like in ZIP Code 55906?
ZIP Code 55906 averages 43.3°F year-round, summer highs near 79.4°F, winter lows around 6.9°F (NOAA 1991–2020 normals). It sees about 44.4 inches of snow a year.
Is ZIP Code 55906 at risk of flooding or natural disasters?
ZIP Code 55906's FEMA National Risk Index score is 67.7 (near the U.S. ZIP codes median). Its greatest modeled natural hazard is inland flooding.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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