Rental numbers for Olmsted County, MN
The typical home here runs -$1,254 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%.
- Gross yield
- 5.6%
- typical home, Zillow
- Median ZIP yield
- 5.4%
- 4 ZIPs with full data
- Cash flow
- -$1,254/mo
- at 7.78%, 25% down
- Typical price
- $351,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,646/mo
- Zillow ZORI, Aug 2026
ZIP codes in Olmsted County
11 with published figures
| 55904Rochester | $292,000 | $1,677 | 6.9% | 3.2% | -$795 | +1.6% |
| 55901Rochester | $327,000 | $1,601 | 5.9% | 2.4% | -$1,120 | +1.1% |
| 55906Rochester | $398,000 | $1,602 | 4.8% | 1.6% | -$1,614 | +8.3% |
| 55902Rochester | $473,000 | $1,720 | 4.4% | 1.3% | -$2,042 | +1.4% |
| 55976Stewartville | $335,000 | $1,210* | 4.3% | 0.9% | -$1,569 | n/a |
| 55923Chatfield | $358,000 | $1,210* | 4.0% | 0.7% | -$1,715 | n/a |
| 55929Dover | $360,000 | $1,210* | 4.0% | 0.8% | -$1,708 | n/a |
| 55934Eyota | $362,000 | $1,210* | 4.0% | 0.7% | -$1,728 | n/a |
| 55963Pine Island | $381,000 | $1,210* | 3.8% | 0.6% | -$1,857 | n/a |
| 55920Byron | $402,000 | $1,210* | 3.6% | 0.3% | -$2,064 | n/a |
| 55960Oronoco | $549,000 | $1,490* | 3.3% | 0.4% | -$2,758 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.7%
- Rent, 12 months
- +1.9%
- Rent minus price growth
- -1.8 pts
- Property tax
- 1.06%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $296,247 | $1,339 |
| Aug 2022 | $323,378 | $1,454 |
| Aug 2023 | $324,752 | $1,494 |
| Aug 2024 | $329,417 | $1,537 |
| Aug 2025 | $338,408 | $1,615 |
| Aug 2026 | $350,894 | $1,646 |
HUD Fair Market Rent
FY2027, Rochester, MN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,183 | $1,226 | $1,422 | $1,969 | $2,377 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 23.8
- 1,595 units, last 12 months
- National percentile
- 93th
- among US counties
Tools
Test a listing in Olmsted County against today's rate.
Open the calculatorPart of the Rochester, MN metro.
Questions
- Is Olmsted County good for rental property?
- The typical home here runs -$1,254 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Olmsted County?
- About 1.06% of value, from Census ACS median taxes paid over median home value. On a $351,000 home that is about $3,730 a year.
- What is Fair Market Rent in Olmsted County?
- HUD's FY2027 Fair Market Rent here is $1,226 for a 1-bedroom, $1,422 for a 2-bedroom and $1,969 for a 3-bedroom. Typical cash flow at today's rate is -$1,254 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.