Which ZIP codes in the Owatonna, MN metro have the highest rental yield?

55060 (Owatonna) at 4.6%, on Zillow value and rent. The full table above sorts by any column.

Rental numbers for the Owatonna, MN metro

The typical home here runs -$1,349 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.6%.

Gross yield: 4.6%; typical home, Zillow
Median ZIP yield: 4.6%; 1 ZIPs with full data
Cash flow: -$1,349/mo; at 7.78%, 25% down
Typical price: $298,000; Zillow ZHVI, Aug 2026
Typical rent: $1,135/mo; Zillow ZORI, Aug 2026

ZIP codes in the metro

4 with published figures


55917Blooming Prairie	$274,000	$1,210*	5.3%	1.6%	-$1,110	n/a
55060Owatonna	$299,000	$1,147	4.6%	1.0%	-$1,371	n/a
55049Medford	$313,000	$1,170*	4.5%	1.0%	-$1,426	n/a
56072New Richland	$278,000	$970*	4.2%	0.9%	-$1,291	n/a

* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.

Trends

Five years to August 2026

Price, 12 months: +2.6%
Rent, 12 months: n/a
Rent minus price growth: n/a
Property tax: 1.17%; effective rate, ACS 2024

Typical value (Zillow ZHVI) Rent (Zillow ZORI)Indexed to 100 at Aug 2021

Show the numbers

Month	Typical value	Rent
Aug 2021	$239,094	n/a
Aug 2022	$262,763	n/a
Aug 2023	$267,354	n/a
Aug 2024	$279,319	n/a
Aug 2025	$290,270	n/a
Aug 2026	$297,782	$1,135

Counties

Steele County, MN4.6% median yield
Waseca County, MNn/a median yield

Tools

Test a listing in the Owatonna, MN area against today's rate.

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All of Minnesota

Questions

Is the Owatonna, MN metro good for rental property?: The typical home here runs -$1,349 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.6%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
Which ZIP codes in the Owatonna, MN metro have the highest rental yield?: 55060 (Owatonna) at 4.6%, on Zillow value and rent. The full table above sorts by any column.

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.
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.

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.