55060 — Owatonna, MN Home Values
Typical home value $302,155 as of June 2026 · 2nd of 4 in Owatonna, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 55060, June 2021 to June 2026. This page shows observed data only; no forecast.
How 55060 compares in the Owatonna, MN area
ZIP code 55060 (Owatonna, MN) has a typical home value of $302,155 as of June 2026, ranking 2nd of 4 ZIP codes tracked in the Owatonna, MN area, more expensive than about 75% of ZIP codes in the metro. Prices here have moved +2.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.2%, from $235,739 in June 2021 to $302,155 in June 2026. Against observed rent, the typical home here sells for 21.3× the annual rent ($1,183/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Owatonna, MN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Owatonna.
Population and demographics
ZIP code 55060 has a population of 29,601, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 85.7% White, 6.8% Hispanic or Latino, 3.8% Black or African American, 3% two or more races, 0.4% Asian, 0.2% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| LINCOLN ELEMENTARY | 747 HAVANA RD, OWATONNA, MN | 1.2 mi |
| OWATONNA SENIOR HIGH | 1455 18TH ST SE, OWATONNA, MN | 1.4 mi |
| CHOICE Technical Academy | 315 SOUTH GROVE AVE, OWATONNA, MN | 1.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 55060?
$302,155 as of June 2026, the latest month Zillow has published observed data for.
Is 55060 an expensive ZIP code in the Owatonna, MN area?
55060 ranks 2nd of 4 ZIP codes in the Owatonna, MN area by typical home value, more expensive than about 75% of ZIP codes in the metro.
How much have home values in 55060 changed over the past year?
+2.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 55060?
The typical home price is 21.3× the observed annual rent in this ZIP code ($1,183/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 55060?
29,601, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 55060?
LINCOLN ELEMENTARY (1.2 mi), OWATONNA SENIOR HIGH (1.4 mi), CHOICE Technical Academy (1.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 55060?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Owatonna, MN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.