55060 — Steele County, Minnesota Market Snapshot
Housing market data for zip code 55060 in Steele County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
94 sales in 2026 (year to date)
Median Sale Price
$272,500
Days to Sell
25
Homes Sold
94
Inventory
66
Sale-to-List
99.0%
New Listings
139
Price/SqFt
$158
Pending Sales
122
Conforming Loan Available
Most homebuyers in 55060 can comfortably use conventional financing. The median home price of $272,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 55060 are moving quickly at 25 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 55060 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55060 can comfortably use conventional financing. The median home price of $272,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 55060 are set at the county level.
2026 Loan Limits — Steele County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 55060
To purchase the median home at $272,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,238.
Monthly Payment
$2,238
Income Required
$95,906
Principal & Interest
$1,679/mo
Down Payment (5%)
$13,625
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 55060.
Estimated Monthly Payment
$1,836
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