How much is a home worth in ZIP code 55124?

The typical home in 55124 is worth $378,782, based on the Zillow Home Value Index.

Are home values rising in 55124?

Home values in 55124 are up 1.3% over the past year, and up 3.0% a year over five years.

What is the typical rent in 55124?

A typical home in 55124 rents for about $2,011 a month, a gross rental yield of 6.4%.

What is the property tax rate in 55124?

The effective property tax rate in 55124 is 1.0% — roughly $3,670 a year on a typical home.

ZIP code 55124 has a population of 55,658 and a median household income of $97,727.

HousingHandbookReference data

…

U.S. ZIP Code · MN55124

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

Typical home value

$378,782^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: +3.0%
10-year / yr: +4.8%

Relative price

vs U.S.: +33.3%
vs metro: ≈ metro median
vs state: +27.2%

Price history

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

The typical home in 55124 is worth $378,782. Over the past year, values have risen 1.3%. Homes here rent for a typical $2,011 a month — a 6.4% 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: $2,011^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.8%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,670^[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: 55,658^[3]
Median household income: $97,727^[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: 20
Elementary: 7
Middle: 3
High: 7

EASTVIEW SENIOR HIGH
High · Grades 9–12 · ROSEMOUNT-APPLE VALLEY-EAGAN
2,312 students
APPLE VALLEY SENIOR HIGH
High · Grades 9–12 · ROSEMOUNT-APPLE VALLEY-EAGAN
1,919 students
SCOTT HIGHLANDS MIDDLE
Middle · Grades 6–8 · ROSEMOUNT-APPLE VALLEY-EAGAN
1,207 students
Valley Middle School of STEM
Middle · Grades 6–8 · ROSEMOUNT-APPLE VALLEY-EAGAN
1,060 students
FALCON RIDGE MIDDLE
Middle · Grades 6–8 · ROSEMOUNT-APPLE VALLEY-EAGAN
987 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 yield6.4%

Net yield (after ~40% expenses)3.8%

Annual rent$24,135

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$1,915

Loan principal$303,026

Down payment$75,756

Total interest paid$386,493

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 ratio1.26

Monthly cost to own$2,537

Monthly rent$2,011

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: 29th percentile^[1]
Rental yield: 81st percentile^[2]
Property tax: 35th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

4th for most populous in MNView list →

Frequently asked

How much is a home worth in ZIP code 55124?: The typical home in 55124 is worth $378,782, based on the Zillow Home Value Index.
Are home values rising in 55124?: Home values in 55124 are up 1.3% over the past year, and up 3.0% a year over five years.
What is the typical rent in 55124?: A typical home in 55124 rents for about $2,011 a month, a gross rental yield of 6.4%.
What is the property tax rate in 55124?: The effective property tax rate in 55124 is 1.0% — roughly $3,670 a year on a typical home.
Who lives in 55124?: ZIP code 55124 has a population of 55,658 and a median household income of $97,727.

#Comparable ZIPs

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

55358 vs 55124 →
Maple Lake, MN
Typical home
$379,034
Gross yield
—
55373 vs 55124 →
Greenfield, MN
Typical home
$379,144
Gross yield
4.7%
55113
Roseville, MN
Typical home
$379,758
Gross yield
4.7%
54017
New Richmond, WI
Typical home
$380,383
Gross yield
5.6%
56017
Cleveland, MN
Typical home
$380,546
Gross yield
—
55431
Bloomington, MN
Typical home
$380,865
Gross yield
5.4%

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#Jump to section

U.S. ZIP Code · MN55124

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