Area data
Elgin, MN — ZIP 55932
Population: 1,999 (Census ACS)
The median home value in ZIP 55932 (Elgin, MN) is $362,006 — up 6.0% over the past year. Homes sell for a median $300,000 after a median 21 days on market. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with hail, strongwind the top-rated hazards. Cost of living is 2.5% below the US average (BEA, metro/state-level).
$362,006
Median home value
+6.0%
1-year change
21
Median days on market
Relatively Low
Hazard risk (county)
Home values & appreciation
- Median home value
- $362,006
- 1-year appreciation
- +6.0%
- 3-year appreciation
- +14.2%
- 5-year appreciation
- +28.6%
- 10-year appreciation
- +89.7%
- All-time peak (2026-07)
- $362,006
- House Price Index (state)
- 429.3 (+3.3% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $300,000
- Median list price
- $318,500
- Median price per sqft
- $167
- 1-year sale-price change
- -21.0%
- Median days on market
- 21 days
- Homes sold (recent period)
- 7
- For-sale inventory
- 6
- Sale-to-list ratio
- 97.7%
- Active listings
- 6
- 1-year forecast
- +0.9%
Source: recent area sales and market data (ZIP-level)
Rents
- Studio fair-market rent
- $754/mo
- 1BR fair-market rent
- $943/mo
- 2BR fair-market rent
- $1,176/mo
- 3BR fair-market rent
- $1,529/mo
- 4BR fair-market rent
- $1,764/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Average)
- 97.5 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 2
- Elementary schools
- 0
- Middle schools
- 2
- High schools
- 0
- Schools include
- PLAINVIEW-ELGIN-MILLVILLE 4-6, PLAINVIEW-ELGIN-MILLVILLE JUNIOR
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Low
- Top hazards (county)
- hail, strongWind
- Notable hazard ratings (county)
- coldWave: Relatively Low · drought: Relatively Low · hail: Relatively Moderate · iceStorm: Relatively Low · inlandFlooding: Relatively Low · landslide: Relatively Low
- Wildfire risk to homes (county)
- Higher than 12% of US counties
- Buildings in wildfire direct-exposure zone
- 45.2%
- Radon potential (county)
- High radon potential — EPA Zone 1 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Annual precipitation
- 35.6 in
- USDA plant hardiness zone
- 4b (extreme annual low -25 to -20°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Walkability & transit
- Walkability index
- 9.0 / 20
- Transit service frequency
- 801
- Jobs reachable by car (30 min)
- 6,827
- Jobs reachable by transit (45 min)
- 7,852
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- Airports within 30 mi
- 17
- Nearest airport
- Christison Airport (5 mi)
- Nearest major airport
- Rochester International Airport (RST) (20 mi)
- Hospitals nearby (~15 mi)
- 3
- Hospitals include
- OLMSTED MEDICAL CENTER, COMMUNITY BEHAVIORAL HEALTH HOSPITAL ROCHESTER, MAYO CLINIC HOSPITAL ROCHESTER
- Avg hospital rating (CMS)
- 4.5 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- 0 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,980
- Housing built before 1970
- 27.8%
- Housing built 2000 or later
- 25.8%
- Median annual property tax
- $2,730
- Mean commute to work
- 22 min
- Households with broadband internet
- 69.7%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 5,383
- Average weekly wage
- $859
- Top industries (by employment)
- Accommodation & Food, Finance & Insurance, Construction
- Annual residential building permits (county)
- 58
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 55932 | State median | US median | |
|---|---|---|---|
| Median home value | $362,006 | $304,931 | $289,727 |
| Median sale price | $300,000 | $315,500 | $325,000 |
| Median days on market | 21 days | 39 days | 51 days |
| Median annual property tax | $2,730 | $2,128 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 55932?
- $362,006.
- What is the median sale price in ZIP 55932?
- $300,000.
- How long do homes take to sell in ZIP 55932?
- Median days on market: 21 days.
- What is typical rent in ZIP 55932?
- 2-bedroom fair-market rent: $1,176/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
- What is the natural-hazard risk in ZIP 55932?
- Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: hail, strongWind.
- What is the wildfire risk in ZIP 55932?
- Risk to homes is higher than 12% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 55932?
- High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 55932?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 55932?
- 2 schools (2 middle) (NCES, 2022-23).
- Is ZIP 55932 walkable?
- Walkability index: 9.0/20 (EPA Smart Location Database).
- What is the cost of living in ZIP 55932?
- Regional Price Parity: 97.5 (100 = US average) (Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →