Median home value in zip code 55053 (Nerstrand, MN) is $411,037, up 3.6% year over year. Part of the Faribault-Northfield, MN metropolitan area.

Home Value$411,037

YoY Change

+3.6%

Prices rising — worse for buyers.

Affordability

Enter your income for 55053 (Nerstrand).

Income (annual)

Down Payment

$82,207 on $411,037

Example: $75,000 household income. Change it above to see your own.

Out of reach41.8% of income

Need $111,943/yr to afford.

PITI$2,612

P/I41.8%

Afford$275K

Gap-$136K

P&I $2,078Tax $384Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

55053 is part of the Faribault-Northfield, MN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Faribault-Northfield, MN analysis

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