How much is a home worth in ZIP code 55108?

The typical home in 55108 is worth $389,288, based on the Zillow Home Value Index.

Are home values rising in 55108?

Home values in 55108 are up 4.3% over the past year, and up 2.8% a year over five years.

What is the typical rent in 55108?

A typical home in 55108 rents for about $1,521 a month, a gross rental yield of 4.7%.

What is the property tax rate in 55108?

The effective property tax rate in 55108 is 1.3% — roughly $5,042 a year on a typical home.

ZIP code 55108 has a population of 15,224 and a median household income of $86,308.

HousingHandbookReference data

…

U.S. ZIP Code · MN55108

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

Typical home value

$389,288^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.3%
5-year / yr: +2.8%
10-year / yr: +4.0%

Relative price

vs U.S.: +37.0%
vs metro: +1.9%
vs state: +30.7%

Price history

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

The typical home in 55108 is worth $389,288 — 1.9% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 4.3%. Homes here rent for a typical $1,521 a month — a 4.7% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,521^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $5,042^[3]

#Climate risk

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

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

#Who lives here

Population: 15,224^[3]
Median household income: $86,308^[3]

#Migration

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

Net migration: -1,556^[5]
Moved in: 19,850
Moved out: 21,406

Schools

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

Public schools: 20
Elementary: 7
Middle: 2
High: 8

Minnesota Connections Academy 7-12
High · Grades 7–12 · Minnesota Transitions Charter Sch
3,021 students
Hmong College Prep Academy ES
Elementary · Grades K–5 · HMONG COLLEGE PREP ACADEMY
1,015 students
Minnesota Connections Academy K-6
Elementary · Grades K–6 · Minnesota Transitions Charter Sch
911 students
HMONG COLLEGE PREP ACADEMY HS
High · Grades 9–12 · HMONG COLLEGE PREP ACADEMY
811 students
Hmong College Prep Academy MS
Middle · Grades 6–8 · HMONG COLLEGE PREP ACADEMY
682 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$18,247

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$1,968

Loan principal$311,430

Down payment$77,858

Total interest paid$397,212

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 ratio1.79

Monthly cost to own$2,715

Monthly rent$1,521

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: 21st percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55108?: The typical home in 55108 is worth $389,288, based on the Zillow Home Value Index.
Are home values rising in 55108?: Home values in 55108 are up 4.3% over the past year, and up 2.8% a year over five years.
What is the typical rent in 55108?: A typical home in 55108 rents for about $1,521 a month, a gross rental yield of 4.7%.
What is the property tax rate in 55108?: The effective property tax rate in 55108 is 1.3% — roughly $5,042 a year on a typical home.
Who lives in 55108?: ZIP code 55108 has a population of 15,224 and a median household income of $86,308.

#Comparable ZIPs

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

55398 vs 55108 →
Zimmerman, MN
Typical home
$389,151
Gross yield
—
55415 vs 55108 →
Minneapolis, MN
Typical home
$391,376
Gross yield
6.6%
55360
Mayer, MN
Typical home
$391,694
Gross yield
—
56052
Kilkenny, MN
Typical home
$392,878
Gross yield
—
55443
Brooklyn Park, MN
Typical home
$385,324
Gross yield
4.8%
54027
Wilson, WI
Typical home
$393,326
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55108

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