How much is a home worth in ZIP code 55016?

The typical home in 55016 is worth $400,394, based on the Zillow Home Value Index.

Are home values rising in 55016?

Home values in 55016 are up 1.8% over the past year, and up 2.7% a year over five years.

What is the typical rent in 55016?

A typical home in 55016 rents for about $1,935 a month, a gross rental yield of 5.8%.

What is the property tax rate in 55016?

The effective property tax rate in 55016 is 1.0% — roughly $3,887 a year on a typical home.

ZIP code 55016 has a population of 40,695 and a median household income of $120,715.

HousingHandbookReference data

…

U.S. ZIP Code · MN55016

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

Typical home value

$400,394^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +2.7%
10-year / yr: +4.8%

Relative price

vs U.S.: +41.0%
vs metro: +4.8%
vs state: +34.5%

Price history

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

The typical home in 55016 is worth $400,394 — 4.8% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,935 a month — a 5.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,935^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,887^[3]

#Climate risk

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

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

#Who lives here

Population: 40,695^[3]
Median household income: $120,715^[3]

#Migration

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

Net migration: +470^[5]
Moved in: 9,462
Moved out: 8,992

Schools

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

Public schools: 14
Elementary: 7
Middle: 2
High: 4

Park High School
High · Grades 9–12 · South Washington County Schools
1,957 students
OLTMAN MIDDLE SCHOOL
Middle · Grades 6–8 · South Washington County Schools
1,002 students
COTTAGE GROVE MIDDLE SCHOOL
Middle · Grades 6–8 · South Washington County Schools
972 students
GREY CLOUD ELEMENTARY
Elementary · Grades K–5 · South Washington County Schools
774 students
Ages 3-5 Early Childhood Special Ed
Prekindergarten · Grades PK · South Washington County Schools
561 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 yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$23,225

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$2,025

Loan principal$320,315

Down payment$80,079

Total interest paid$408,544

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 ratio1.39

Monthly cost to own$2,682

Monthly rent$1,935

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: 17th percentile^[1]
Rental yield: 68th percentile^[2]
Property tax: 36th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55016?: The typical home in 55016 is worth $400,394, based on the Zillow Home Value Index.
Are home values rising in 55016?: Home values in 55016 are up 1.8% over the past year, and up 2.7% a year over five years.
What is the typical rent in 55016?: A typical home in 55016 rents for about $1,935 a month, a gross rental yield of 5.8%.
What is the property tax rate in 55016?: The effective property tax rate in 55016 is 1.0% — roughly $3,887 a year on a typical home.
Who lives in 55016?: ZIP code 55016 has a population of 40,695 and a median household income of $120,715.

#Comparable ZIPs

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

55437 vs 55016 →
Bloomington, MN
Typical home
$399,457
Gross yield
5.0%
54003 vs 55016 →
WI
Typical home
$402,065
Gross yield
—
55043
Lakeland, MN
Typical home
$402,431
Gross yield
—
55080
Stanchfield CDP, MN
Typical home
$398,306
Gross yield
—
55369
Maple Grove, MN
Typical home
$398,250
Gross yield
5.9%
54021
Prescott, WI
Typical home
$402,955
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55016

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