55953 — Mower County, Minnesota Market Snapshot
Housing market data for zip code 55953 in Mower County, Minnesota. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 2 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Mower County county page for broader data.
Market Sales Data
2 sales in 2026 (year to date)
Median Sale Price
$49,617
Days to Sell
4991
Homes Sold
2
Inventory
3
Within Conforming Limit Estimate
At 5% down, the estimated base loan for the $49,617 median-priced home in 55953 is $47,136. The 2026 conforming limit is $832,750. The limit applies to the loan amount, not the home price. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Market Insights
Conforming Loan Feasibility
At 5% down, the estimated base loan for the $49,617 median-priced home in 55953 is $47,136. The 2026 conforming limit is $832,750. The limit applies to the loan amount, not the home price. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Loan limits in 55953 are set at the county level.
2026 Loan Limits — Mower 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 55953
To purchase the median home at $49,617 with 5% down at the assumed 6.75% rate, the estimated monthly payment is approximately $550.
Monthly Payment
$550
Income Required
$23,562
Principal & Interest
$306/mo
Property Tax
$74/mo
Home Insurance
$150/mo
Estimated PMI
$20/mo
Down Payment (5%)
$2,481
Assumes a 30-year fixed loan at 6.75%, 1.8% property tax, $1,800 annual insurance, and a 28% housing-to-income planning ratio. Planning estimate only. The income figure divides the displayed monthly housing estimate by a 28% housing-to-income ratio. It is not an approval rule. The mortgage insurance estimate uses 0.5% of the loan amount per year. Actual rates, taxes, insurance, mortgage insurance, HOA or condo dues, closing costs, repairs, utilities, other debts, and approval rules can differ. Compare actual terms and your Loan Estimate.
Mortgage Calculator
Estimate your monthly payment for a home in 55953.
Estimated Monthly Payment
$457
Estimates only. Actual payments, taxes, insurance, mortgage insurance, rates, and loan terms can differ. This calculator is not a loan offer.
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