How much is a home worth in ZIP code 55122?

The typical home in 55122 is worth $358,806, based on the Zillow Home Value Index.

Are home values rising in 55122?

Home values in 55122 are up 2.0% over the past year, and up 2.8% a year over five years.

What is the typical rent in 55122?

A typical home in 55122 rents for about $1,602 a month, a gross rental yield of 5.4%.

What is the property tax rate in 55122?

The effective property tax rate in 55122 is 0.9% — roughly $3,215 a year on a typical home.

ZIP code 55122 has a population of 32,261 and a median household income of $96,823.

HousingHandbookReference data

…

U.S. ZIP Code · MN55122

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

Typical home value

$358,806^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.0%
5-year / yr: +2.8%
10-year / yr: +4.7%

Relative price

vs U.S.: +26.3%
vs metro: -6.1%
vs state: +20.5%

Price history

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

The typical home in 55122 is worth $358,806 — 6.1% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 2.0%. Homes here rent for a typical $1,602 a month — a 5.4% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,602^[2]
Gross yield: 5.4%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,215^[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: 32,261^[3]
Median household income: $96,823^[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: 8
Elementary: 4
Middle: 1
High: 3

BLACK HAWK MIDDLE
Middle · Grades 6–8 · ROSEMOUNT-APPLE VALLEY-EAGAN
900 students
THOMAS LAKE ELEMENTARY
Elementary · Grades K–5 · ROSEMOUNT-APPLE VALLEY-EAGAN
604 students
OAK RIDGE LEADERSHIPENVIRON/HEALTH
Elementary · Grades PK–5 · ROSEMOUNT-APPLE VALLEY-EAGAN
590 students
DEERWOOD ELEMENTARY
Elementary · Grades K–5 · ROSEMOUNT-APPLE VALLEY-EAGAN
526 students
RAHN ELEMENTARY
Elementary · Grades PK–5 · Burnsville-Eagan-Savage Schools
363 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 yield5.4%

Net yield (after ~40% expenses)3.2%

Annual rent$19,222

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$1,814

Loan principal$287,045

Down payment$71,761

Total interest paid$366,110

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 ratio1.49

Monthly cost to own$2,382

Monthly rent$1,602

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: 23rd percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 16th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55122?: The typical home in 55122 is worth $358,806, based on the Zillow Home Value Index.
Are home values rising in 55122?: Home values in 55122 are up 2.0% over the past year, and up 2.8% a year over five years.
What is the typical rent in 55122?: A typical home in 55122 rents for about $1,602 a month, a gross rental yield of 5.4%.
What is the property tax rate in 55122?: The effective property tax rate in 55122 is 0.9% — roughly $3,215 a year on a typical home.
Who lives in 55122?: ZIP code 55122 has a population of 32,261 and a median household income of $96,823.

#Comparable ZIPs

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

55128 vs 55122 →
Oakdale, MN
Typical home
$358,676
Gross yield
6.3%
55362 vs 55122 →
Monticello, MN
Typical home
$359,725
Gross yield
5.2%
55368
Norwood Young America, MN
Typical home
$357,668
Gross yield
—
55337
Burnsville, MN
Typical home
$356,016
Gross yield
4.8%
55056
North Branch, MN
Typical home
$354,864
Gross yield
—
55445
Brooklyn Park, MN
Typical home
$362,907
Gross yield
6.7%

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#Jump to section

U.S. ZIP Code · MN55122

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