How much is a home worth in ZIP code 55115?

The typical home in 55115 is worth $507,059, based on the Zillow Home Value Index.

Are home values rising in 55115?

Home values in 55115 are up 3.5% over the past year, and up 3.8% a year over five years.

What is the typical rent in 55115?

A typical home in 55115 rents for about $1,670 a month, a gross rental yield of 4.0%.

What is the property tax rate in 55115?

The effective property tax rate in 55115 is 1.0% — roughly $5,322 a year on a typical home.

ZIP code 55115 has a population of 8,949 and a median household income of $124,234.

HousingHandbookReference data

…

U.S. ZIP Code · MN55115

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

Typical home value

$507,059^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +3.8%
10-year / yr: +4.7%

Relative price

vs U.S.: +78.5%
vs metro: +32.7%
vs state: +70.3%

Price history

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

The typical home in 55115 is worth $507,059 — 32.7% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,670 a month — a 4.0% 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: $1,670^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,322^[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: 8,949^[3]
Median household income: $124,234^[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: 4
Elementary: 1
Middle: 1
High: 2

MAHTOMEDI SENIOR HIGH
High · Grades 9–12 · MAHTOMEDI PUBLIC SCHOOL DISTRICT
1,164 students
MAHTOMEDI MIDDLE
Middle · Grades 6–8 · MAHTOMEDI PUBLIC SCHOOL DISTRICT
749 students
O.H. ANDERSON ELEMENTARY
Elementary · Grades 3–5 · MAHTOMEDI PUBLIC SCHOOL DISTRICT
654 students
Passages Transition Program
High · Grades 9–12 · MAHTOMEDI PUBLIC SCHOOL DISTRICT
13 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$20,040

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$2,564

Loan principal$405,647

Down payment$101,412

Total interest paid$517,380

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 ratio2.05

Monthly cost to own$3,430

Monthly rent$1,670

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: 65th percentile^[1]
Rental yield: 8th percentile^[2]
Property tax: 60th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55115?: The typical home in 55115 is worth $507,059, based on the Zillow Home Value Index.
Are home values rising in 55115?: Home values in 55115 are up 3.5% over the past year, and up 3.8% a year over five years.
What is the typical rent in 55115?: A typical home in 55115 rents for about $1,670 a month, a gross rental yield of 4.0%.
What is the property tax rate in 55115?: The effective property tax rate in 55115 is 1.0% — roughly $5,322 a year on a typical home.
Who lives in 55115?: ZIP code 55115 has a population of 8,949 and a median household income of $124,234.

#Comparable ZIPs

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

55315 vs 55115 →
Carver, MN
Typical home
$507,079
Gross yield
—
55327 vs 55115 →
Dayton, MN
Typical home
$504,603
Gross yield
—
55120
Mendota Heights, MN
Typical home
$511,286
Gross yield
—
55447
Plymouth, MN
Typical home
$501,945
Gross yield
4.5%
55419
Minneapolis, MN
Typical home
$500,244
Gross yield
4.8%
55311
Maple Grove, MN
Typical home
$499,670
Gross yield
5.6%

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Pit ZIP 55115 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55115

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