The story of this market
The typical home in ZIP 55016 sells for about $405,000, or $182 per square foot.
Homes take about 105 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,790 a month.
ZIP 55016 — Cottage Grove
The market in 55016 remains active with steady demand for single-family homes, though high interest rates have tempered the pace of sales compared to previous years. New construction continues to drive inventory, providing options for buyers despite limited existing-home supply. Overall, the market is stable, supported by a strong local income profile and consistent interest from family buyers.
This ZIP is well-suited for family buyers seeking suburban space and move-in-ready homes, as well as commuters looking for a balance between affordability and access to the Twin Cities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 105 days on market with 0.0 months of supply — a slower-moving market.
35% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 4.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55016, Washington County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by South Washington County Schools, which generally maintains a stable reputation within the region.
Cottage Grove is experiencing steady residential expansion with new construction projects, particularly in the southern portions of the city.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute via US-61 and I-494, providing access to the St. Paul and Minneapolis employment cores.
The area features numerous parks, trails, and proximity to the Mississippi River, with local shopping and dining concentrated along major corridors.
The rental market is characterized by steady demand, though specific vacancy and investor-presence metrics are not currently published for this ZIP.
The local economy is supported by a mix of retail, light industrial, and service-sector employers, with many residents commuting to the broader Twin Cities metro area.
Transportation is heavily reliant on personal vehicles, with major highway access via US-61 and I-494 connecting the city to the regional transit network.
Development is focused on expanding residential capacity in the southern and eastern edges of the city.
The Washington County Assessor manages property valuations, with assessments conducted annually to reflect market conditions.
Parcels are subject to South Washington County Schools (ISD 833) and various municipal utility and flood control districts.
Standard property insurance coverage is available, with premiums influenced by regional weather patterns typical of the Upper Midwest.
Data retrieved from data.census.gov; figures represent ZCTA-level estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.616 mi
- Treasure Island Resort & Casino3.919.1 mi
- Great Wolf Lodge | Minnesota3.916.4 mi
- Nickelodeon Universe4.516 mi
- Edinborough Park4.619.9 mi
- U.S. Bank Stadium4.619.3 mi
- Grand Casino Arena4.611.9 mi
- Minneapolis Convention Center4.519.9 mi
- Minnesota State Fair4.716 mi
- Surly Brewing Co.4.517.3 mi
- Science Museum of Minnesota4.611.7 mi
- Minnesota Children's Museum4.511.9 mi
- Cathedral of Saint Paul4.812.3 mi
- AMC Inver Grove 164.37.4 mi
- Afton State Park4.86.3 mi
- Minneapolis Institute of Art4.819.5 mi
- Science Museum of Minnesota4.611.7 mi
- Union Depot4.511.5 mi
- Minnesota State Capitol4.712.4 mi
- Minnesota Children's Museum4.511.9 mi
- Afton State Park4.86.3 mi
- Lebanon Hills Regional Park4.810.5 mi
- Lake Elmo Park Reserve4.79.6 mi
- Harriet Island Regional Park4.611.4 mi
- Good Times Park4.611.5 mi
- Emerald Greens Golf Course47 mi
- Inver Wood Golf Course4.17.5 mi
- Troy Burne Golf Club4.69.7 mi
- Oak Marsh Golf Course and Event Center4.38.6 mi
- River Oaks Golf Course and Event Center4.43.3 mi
- Hmong Village4.411.5 mi
- Hy-Vee Grocery Store4.412.4 mi
- T.J. Maxx4.27.6 mi
- Hy-Vee Grocery Store4.49.4 mi
- Minneapolis-Saint Paul International Airport4.415 mi
- Shoyu3.714.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A notable area for outdoor recreation and scenic views along the river.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).