Somerset is a township in Steele County, Minnesota, home to about 727 people across 36 square miles. Its ZIP code is 56046, and parts of 55060 are in Somerset too.
Homes sold for a median of $159 per square foot in the three months ending August 2026, a seller’s market.
Population72720 per sq mi
Median home value$283,300Census, as estimated by owners
Price per sq ft$159Sold homes, 3 months to August 2026
Sold over asking34%Latest 3 months
ZIP codes in Somerset
2 ZIP codes, 1 shared with neighboring towns
Hope, MN56046Not enough recent sales for market figures yet.
Each card is that ZIP code’s whole market, including any part outside Somerset. Seller’s market: under 4 months of supply; buyer’s market: over 6. Methodology
The Somerset guide is on the way
We’re writing up Somerset’s story and what everyday life there is like, for people thinking about moving in.
History
What it’s like to live there
Getting around
Things to do
Are you a local agent who knows Somerset well? Agents who advertise here will be able to write the guide. Advertise on OfferBacked
Around Somerset
Distances
Nearest major airport
Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP)56 miles away
Closer regional airport
Rochester International Airport (RST)38 miles away
Nearest city of 250,000+
St. Paul, MN61 miles away
Nearest city of 1 million+
Chicago, IL320 miles away
Straight-line distances from the center of Somerset; driving is longer.
Source: Airports from OurAirports (scheduled passenger service); city centers and populations from the U.S. Census Bureau.
Who represents Somerset
U.S. Representative · Minnesota’s 1st DistrictBrad Finstad (R)
Source: Members of Congress from the congress-legislators project; districts from the Census Bureau’s relationship files; governor and mayor from Wikidata.
Population over time
Somerset had 733 residents in the 2020 census, down 13% since 2000.
It’s the 790th largest of 2,727 towns in Minnesota by population.
Steele County grew from 16,524 residents in 1900 to 37,406 in 2020.
Steele County, 1900–2020
Source: U.S. Census Bureau decennial censuses (counties 1900–1990 from the Bureau’s historical county file).
Weather by month
Average highs peak around 82°F in summer, and winter lows average 5°F. About 35.6 inches of rain and melted snow fall in a typical year, with about 44 inches of snow.
Source: NOAA 1991–2020 climate normals, Owatonna, MN weather station (2 miles away).
Jobs in Steele County
18,853 jobs at 1,024 businesses in Steele County. The biggest industries by employees:
Source: U.S. Census Bureau County Business Patterns 2023 (private employers; jobs counted where people work).
Health care
Nearest hospitals
Owatonna HospitalGeneral hospital · emergency room · CMS rating 5 of 5 · OwatonnaUnder a mile
Mayo Clinic Health System - WasecaCritical access hospital · emergency room · Waseca14.2 miles
Allina Health Faribault Medical CenterGeneral hospital · emergency room · CMS rating 3 of 5 · Faribault14.8 miles
Source: Hospitals from CMS Hospital General Information (ratings are CMS overall star ratings); straight-line distances.
Places in and around Somerset
Parks (31 nearby)
Kaplans Woods Regional Park · 160 acres1.0 mi
Fairgrounds Park · 72 acres0.4 mi
Leo Rudolph Nature Reserve · 66 acres1.3 mi
West Hills Park · 37 acres1.4 mi
Manthey Park · 29 acres2.2 mi
Dartts Park · 22 acres1.2 mi
Grocery stores (5 nearby)
Fareway Meat and Grocery0.3 mi
Hy-Vee0.5 mi
Tone Music0.8 mi
Walmart Supercenter2.2 mi
Libraries (1 nearby)
Owatonna Public Library0.8 mi
Museums (21 nearby)
Bixby Depot0.4 mi
Farm Machinery Building0.4 mi
Blacksmith Shop0.4 mi
Duluth Missabe & Iron Range Caboose0.4 mi
Bachelor Cabin0.4 mi
Counts are within about 4 miles of the center of town.
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Town boundaries don’t always match ZIP codes: a ZIP code can cross into neighboring towns, and a town can share a ZIP code with its neighbors. Facts describe the town itself; market figures describe whole ZIP codes.