How much is a home worth in ZIP code 55116?

The typical home in 55116 is worth $459,769, based on the Zillow Home Value Index.

Are home values rising in 55116?

Home values in 55116 are up 3.6% over the past year, and up 2.8% a year over five years.

What is the typical rent in 55116?

A typical home in 55116 rents for about $1,645 a month, a gross rental yield of 4.3%.

What is the property tax rate in 55116?

The effective property tax rate in 55116 is 1.4% — roughly $6,277 a year on a typical home.

ZIP code 55116 has a population of 25,918 and a median household income of $81,141.

HousingHandbookReference data

…

U.S. ZIP Code · MN55116

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

Typical home value

$459,769^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.6%
5-year / yr: +2.8%
10-year / yr: +3.8%

Relative price

vs U.S.: +61.9%
vs metro: +20.4%
vs state: +54.4%

Price history

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

The typical home in 55116 is worth $459,769 — 20.4% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 3.6%. Homes here rent for a typical $1,645 a month — a 4.3% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent: $1,645^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $6,277^[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: 25,918^[3]
Median household income: $81,141^[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: 9
Elementary: 5
Middle: 1
High: 1

HIGHLAND PARK SENIOR HIGH
High · Grades 9–12 · Saint Paul Public Schools
1,456 students
HIGHLAND PARK MIDDLE SCHOOL
Middle · Grades 6–8 · Saint Paul Public Schools
773 students
Urban Academy
Elementary · Grades PK–8 · Urban Academy
441 students
HORACE MANN SCHOOL
Elementary · Grades PK–5 · Saint Paul Public Schools
418 students
EXPO FOR EXCELLENCE ELEMENTARY SCH
Elementary · Grades PK–5 · Saint Paul Public Schools
417 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 yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$19,738

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$2,325

Loan principal$367,815

Down payment$91,954

Total interest paid$469,128

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 ratio1.97

Monthly cost to own$3,233

Monthly rent$1,645

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: 22nd percentile^[1]
Rental yield: 14th percentile^[2]
Property tax: 98th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55116?: The typical home in 55116 is worth $459,769, based on the Zillow Home Value Index.
Are home values rising in 55116?: Home values in 55116 are up 3.6% over the past year, and up 2.8% a year over five years.
What is the typical rent in 55116?: A typical home in 55116 rents for about $1,645 a month, a gross rental yield of 4.3%.
What is the property tax rate in 55116?: The effective property tax rate in 55116 is 1.4% — roughly $6,277 a year on a typical home.
Who lives in 55116?: ZIP code 55116 has a population of 25,918 and a median household income of $81,141.

#Comparable ZIPs

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

55387 vs 55116 →
Waconia, MN
Typical home
$461,540
Gross yield
4.5%
55038 vs 55116 →
Hugo, MN
Typical home
$457,127
Gross yield
5.9%
55449
Blaine, MN
Typical home
$462,536
Gross yield
6.1%
55304
Ham Lake, MN
Typical home
$462,610
Gross yield
6.9%
55441
Plymouth, MN
Typical home
$463,286
Gross yield
4.4%
55065
Randolph, MN
Typical home
$463,651
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55116

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