The story of this market
The typical home in ZIP 55057 sells for about $399,900, or $217 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $1,113 a month.
ZIP 55057 — Northfield
The Northfield housing market remains stable with a median listing price near $400,000 and consistent inventory levels. Demand is supported by the area's unique position as a college town within the broader Twin Cities commuter shed. Market activity is currently characterized by steady interest from buyers seeking a balance of small-town lifestyle and institutional stability.
This ZIP is well-suited for families, academics, and professionals who value a small-town atmosphere with access to high-quality educational institutions and proximity to the Twin Cities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 8.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55057
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Northfield is home to two highly regarded private liberal arts colleges, Carleton and St. Olaf, which anchor the local educational environment and contribute to a strong academic culture.
The area benefits from its proximity to the Twin Cities metropolitan region, with a local economy supported by higher education, manufacturing, and a steady influx of new residential development.
Residents typically commute to the Twin Cities metropolitan area via highway corridors, with travel times varying based on destination within the metro core.
The area features extensive park systems, trails, and access to the Cannon River, alongside a historic downtown district offering local shopping and dining.
The rental market is influenced by the presence of two major colleges, creating consistent demand for student housing and multi-family units.
The economy is anchored by higher education institutions, including Carleton and St. Olaf Colleges, alongside a mix of manufacturing and service-sector employers.
Data retrieved from US Census Bureau ZCTA profiles.
- Urban Air Trampoline and Adventure Park418.1 mi
- Splash Valley Water Park4.518.9 mi
- Buck Hill4.319 mi
- Dakota County Fairgrounds4.511.1 mi
- Elko Speedway & Drive-in Theater4.611.8 mi
- Minnesota Horse and Hunt Club4.719.5 mi
- Bogart's Entertainment Center4.618.6 mi
- Elko Speedway & Drive-in Theater4.611.8 mi
- Watt Munisotaram4.812.2 mi
- Hidden Falls4.78.6 mi
- Cannon Valley Cinema 104.64.1 mi
- Farmington Lanes4.512 mi
- Little Log House Pioneer Village4.918.6 mi
- Hideaway South Metro4.517.5 mi
- Northfield Historical Society4.61.5 mi
- Paradise Center for the Arts4.813.7 mi
- Dakota City Heritage Village4.610.9 mi
- Nerstrand Big Woods State Park4.78.9 mi
- Rambling River Park4.511.8 mi
- Caron Park4.68.6 mi
- Lake Byllesby Goodhue County Park4.610.1 mi
- Cannon River Wilderness Area4.57 mi
- Willingers Golf Club4.79.1 mi
- Legacy Golf4.512.5 mi
- Just Food Co-op4.61.6 mi
- Minneapolis-Saint Paul International Airport4.429 mi
- Shoyu3.728.8 mi
- Mimosa328.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A prestigious private liberal arts college that serves as a major cultural and economic anchor.
A prominent private liberal arts college known for its music programs and campus architecture.
Provides recreational opportunities including walking paths and scenic views through the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.