55049 — Medford, MN Home Values
Typical home value $316,865 as of June 2026 · 1st of 4 in Owatonna, MN
Blue: typical home value (Zillow ZHVI) in ZIP code 55049, June 2021 to June 2026. This page shows observed data only; no forecast.
How 55049 compares in the Owatonna, MN area
ZIP code 55049 (Medford, MN) has a typical home value of $316,865 as of June 2026, ranking 1st of 4 ZIP codes tracked in the Owatonna, MN area, the most expensive ZIP code in the metro. Prices here have moved +3.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +29.0%, from $245,591 in June 2021 to $316,865 in June 2026.
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 55049 has a population of 2,634, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 73.7% White, 23% Hispanic or Latino, 1.8% two or more races, 0.7% Black or African American, 0.6% Asian, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| MEDFORD ELEMENTARY | 750 2ND AVE SE, MEDFORD, MN | 0.3 mi |
| MEDFORD SECONDARY | 750 2ND AVE SE, MEDFORD, MN | 0.4 mi |
| MCKINLEY ELEMENTARY | 1050 22ND ST. NE, OWATONNA, MN | 5 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 55049?
$316,865 as of June 2026, the latest month Zillow has published observed data for.
Is 55049 an expensive ZIP code in the Owatonna, MN area?
55049 ranks 1st of 4 ZIP codes in the Owatonna, MN area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 55049 changed over the past year?
+3.5% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 55049?
2,634, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 55049?
MEDFORD ELEMENTARY (0.3 mi), MEDFORD SECONDARY (0.4 mi), MCKINLEY ELEMENTARY (5 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 55049?
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.