How much is a home worth in ZIP code 55044?

The typical home in 55044 is worth $517,091, based on the Zillow Home Value Index.

Are home values rising in 55044?

Home values in 55044 are up 0.6% over the past year, and up 3.1% a year over five years.

What is the typical rent in 55044?

A typical home in 55044 rents for about $1,973 a month, a gross rental yield of 4.6%.

What is the property tax rate in 55044?

The effective property tax rate in 55044 is 1.0% — roughly $4,934 a year on a typical home.

ZIP code 55044 has a population of 64,762 and a median household income of $141,551.

HousingHandbookReference data

…

U.S. ZIP Code · MN55044

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

Typical home value

$517,091^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.6%
5-year / yr: +3.1%
10-year / yr: +4.4%

Relative price

vs U.S.: +82.0%
vs metro: +35.4%
vs state: +73.7%

Price history

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

The typical home in 55044 is worth $517,091 — 35.4% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 0.6%. Homes here rent for a typical $1,973 a month — a 4.6% 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: $1,973^[2]
Gross yield: 4.6%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $4,934^[3]

#Climate risk

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

#Who lives here

Population: 64,762^[3]
Median household income: $141,551^[3]

#Migration

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

Net migration: +672^[5]
Moved in: 14,493
Moved out: 13,821

Schools

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

Public schools: 21
Elementary: 10
Middle: 4
High: 5

LAKEVILLE SOUTH HIGH
High · Grades 9–12 · Lakeville Area Schools
1,895 students
LAKEVILLE NORTH HIGH
High · Grades 7–12 · Lakeville Area Schools
1,866 students
CENTURY MIDDLE SCHOOL
Middle · Grades 6–8 · Lakeville Area Schools
959 students
CHERRY VIEW ELEMENTARY
Elementary · Grades K–5 · Lakeville Area Schools
885 students
MCGUIRE MIDDLE
Middle · Grades 6–8 · Lakeville Area Schools
861 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 yield4.6%

Net yield (after ~40% expenses)2.7%

Annual rent$23,673

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$2,615

Loan principal$413,672

Down payment$103,418

Total interest paid$527,616

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 ratio1.75

Monthly cost to own$3,455

Monthly rent$1,973

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: 34th percentile^[1]
Rental yield: 23rd percentile^[2]
Property tax: 31st percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for most populous in MNView list →

Frequently asked

How much is a home worth in ZIP code 55044?: The typical home in 55044 is worth $517,091, based on the Zillow Home Value Index.
Are home values rising in 55044?: Home values in 55044 are up 0.6% over the past year, and up 3.1% a year over five years.
What is the typical rent in 55044?: A typical home in 55044 rents for about $1,973 a month, a gross rental yield of 4.6%.
What is the property tax rate in 55044?: The effective property tax rate in 55044 is 1.0% — roughly $4,934 a year on a typical home.
Who lives in 55044?: ZIP code 55044 has a population of 64,762 and a median household income of $141,551.

#Comparable ZIPs

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

55372 vs 55044 →
Prior Lake, MN
Typical home
$522,731
Gross yield
4.4%
55120 vs 55044 →
Mendota Heights, MN
Typical home
$511,286
Gross yield
—
55020
Elko New Market, MN
Typical home
$524,559
Gross yield
—
55082
Grant, MN
Typical home
$526,901
Gross yield
4.6%
55315
Carver, MN
Typical home
$507,079
Gross yield
—
55115
Mahtomedi, MN
Typical home
$507,059
Gross yield
4.0%

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Pit ZIP 55044 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55044

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