How much is a home worth in ZIP code 55040?

The typical home in 55040 is worth $332,905, based on the Zillow Home Value Index.

Are home values rising in 55040?

Home values in 55040 are up 2.6% over the past year, and up 4.1% a year over five years.

What is the typical rent in 55040?

A typical home in 55040 rents for about $1,410 a month, a gross rental yield of 5.1%.

What is the property tax rate in 55040?

The effective property tax rate in 55040 is 1.0% — roughly $3,309 a year on a typical home.

ZIP code 55040 has a population of 14,837 and a median household income of $90,900.

HousingHandbookReference data

…

U.S. ZIP Code · MN55040

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

Typical home value

$332,905^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.6%
5-year / yr: +4.1%
10-year / yr: +6.5%

Relative price

vs U.S.: +17.2%
vs metro: -12.8%
vs state: +11.8%

Price history

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

The typical home in 55040 is worth $332,905 — 12.8% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 2.6%. Homes here rent for a typical $1,410 a month — a 5.1% 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: $1,410^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,309^[3]

#Climate risk

FEMA National Risk Index ratings for Isanti 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: Relatively Low
Drought: Relatively Low
Heat wave: Very Low
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 14,837^[3]
Median household income: $90,900^[3]

#Migration

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

Net migration: +77^[5]
Moved in: 1,471
Moved out: 1,394

Schools

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

Public schools: 12
Elementary: 4
Middle: 3
High: 3

ISANTI MIDDLE SCHOOL
Middle · Grades 6–8 · CAMBRIDGE-ISANTI PUBLIC SCHOOL DIST
506 students
ISANTI PRIMARY SCHOOL
Elementary · Grades PK–2 · CAMBRIDGE-ISANTI PUBLIC SCHOOL DIST
432 students
ISANTI INTERMEDIATE SCHOOL
Elementary · Grades 3–5 · CAMBRIDGE-ISANTI PUBLIC SCHOOL DIST
417 students
Art and Science Academy
Elementary · Grades K–4 · Art and Science Academy
198 students
Cambridge-Isanti STEAM School
Elementary · Grades K–5 · CAMBRIDGE-ISANTI PUBLIC SCHOOL DIST
148 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 yield5.1%

Net yield (after ~40% expenses)3.0%

Annual rent$16,920

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$1,683

Loan principal$266,324

Down payment$66,581

Total interest paid$339,682

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 ratio1.59

Monthly cost to own$2,235

Monthly rent$1,410

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: 71st percentile^[1]
Rental yield: 39th percentile^[2]
Property tax: 41st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55040?: The typical home in 55040 is worth $332,905, based on the Zillow Home Value Index.
Are home values rising in 55040?: Home values in 55040 are up 2.6% over the past year, and up 4.1% a year over five years.
What is the typical rent in 55040?: A typical home in 55040 rents for about $1,410 a month, a gross rental yield of 5.1%.
What is the property tax rate in 55040?: The effective property tax rate in 55040 is 1.0% — roughly $3,309 a year on a typical home.
Who lives in 55040?: ZIP code 55040 has a population of 14,837 and a median household income of $90,900.

#Comparable ZIPs

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

55076 vs 55040 →
Inver Grove Heights, MN
Typical home
$331,726
Gross yield
7.8%
55321 vs 55040 →
Cokato, MN
Typical home
$331,656
Gross yield
—
54750
Maiden Rock, WI
Typical home
$329,618
Gross yield
—
55425
Bloomington, MN
Typical home
$329,055
Gross yield
6.0%
55420
Bloomington, MN
Typical home
$337,411
Gross yield
5.1%
54028
Woodville, WI
Typical home
$337,793
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55040

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