How much is a home worth in ZIP code 54022?

The typical home in 54022 is worth $408,116, based on the Zillow Home Value Index.

Are home values rising in 54022?

Home values in 54022 are up 2.5% over the past year, and up 4.5% a year over five years.

What is the typical rent in 54022?

A typical home in 54022 rents for about $1,694 a month, a gross rental yield of 5.0%.

What is the property tax rate in 54022?

The effective property tax rate in 54022 is 1.2% — roughly $5,086 a year on a typical home.

ZIP code 54022 has a population of 24,789 and a median household income of $96,642.

HousingHandbookReference data

…

U.S. ZIP Code · WI54022

Pierce County · Minneapolis-St. Paul-Bloomington, MN-WI

Typical home value

$408,116^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.5%
5-year / yr: +4.5%
10-year / yr: +5.8%

Relative price

vs U.S.: +43.7%
vs metro: +6.8%
vs state: +33.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 54022 is worth $408,116 — 6.8% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 2.5%. Homes here rent for a typical $1,694 a month — a 5.0% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,694^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,086^[3]

#Climate risk

FEMA National Risk Index ratings for Pierce County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Very Low
Hurricane: Not Applicable
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 24,789^[3]
Median household income: $96,642^[3]

#Migration

Household moves in and out of Pierce County over a year, from IRS tax-return data.

Net migration: +88^[5]
Moved in: 1,348
Moved out: 1,260

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 4
Middle: 1
High: 2

River Falls High
High · Grades 9–12 · River Falls School District
1,082 students
Meyer Middle
Middle · Grades 6–8 · River Falls School District
731 students
Rocky Branch Elementary
Elementary · Grades PK–5 · River Falls School District
412 students
Westside Elementary
Elementary · Grades PK–5 · River Falls School District
411 students
Greenwood Elementary
Elementary · Grades K–5 · River Falls School District
401 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$20,333

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,064

Loan principal$326,493

Down payment$81,623

Total interest paid$416,424

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.67

Monthly cost to own$2,829

Monthly rent$1,694

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 79th percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 54022?: The typical home in 54022 is worth $408,116, based on the Zillow Home Value Index.
Are home values rising in 54022?: Home values in 54022 are up 2.5% over the past year, and up 4.5% a year over five years.
What is the typical rent in 54022?: A typical home in 54022 rents for about $1,694 a month, a gross rental yield of 5.0%.
What is the property tax rate in 54022?: The effective property tax rate in 54022 is 1.2% — roughly $5,086 a year on a typical home.
Who lives in 54022?: ZIP code 54022 has a population of 24,789 and a median household income of $96,642.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

55032 vs 54022 →
Harris, MN
Typical home
$407,875
Gross yield
—
55379 vs 54022 →
Shakopee, MN
Typical home
$408,457
Gross yield
5.0%
55438
Bloomington, MN
Typical home
$408,962
Gross yield
4.9%
55319
Clear Lake, MN
Typical home
$409,676
Gross yield
—
55005
East Bethel, MN
Typical home
$410,909
Gross yield
—
55302
Annandale, MN
Typical home
$405,313
Gross yield
—

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#Jump to section

U.S. ZIP Code · WI54022

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