How much is a home worth in ZIP code 55129?

The typical home in 55129 is worth $541,595, based on the Zillow Home Value Index.

Are home values rising in 55129?

Home values in 55129 are up 0.1% over the past year, and up 2.8% a year over five years.

What is the typical rent in 55129?

A typical home in 55129 rents for about $2,398 a month, a gross rental yield of 5.3%.

What is the property tax rate in 55129?

The effective property tax rate in 55129 is 1.0% — roughly $5,516 a year on a typical home.

ZIP code 55129 has a population of 34,120 and a median household income of $143,795.

HousingHandbookReference data

…

U.S. ZIP Code · MN55129

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

Typical home value

$541,595^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.1%
5-year / yr: +2.8%
10-year / yr: +3.7%

Relative price

vs U.S.: +90.7%
vs metro: +41.8%
vs state: +81.9%

Price history

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

The typical home in 55129 is worth $541,595 — 41.8% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 0.1%. Homes here rent for a typical $2,398 a month — a 5.3% 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: $2,398^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,516^[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: 34,120^[3]
Median household income: $143,795^[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: 3
Middle: 0
High: 1

EAST RIDGE HIGH SCHOOL
High · Grades 9–12 · South Washington County Schools
2,042 students
LIBERTY RIDGE ELEMENTARY
Elementary · Grades K–5 · South Washington County Schools
804 students
GORDON BAILEY ELEMENTARY
Elementary · Grades K–5 · South Washington County Schools
655 students
Brookview Elementary
Elementary · Grades K–5 · Stillwater Area Public Schools
570 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$28,780

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$2,739

Loan principal$433,276

Down payment$108,319

Total interest paid$552,620

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 ratio1.52

Monthly cost to own$3,650

Monthly rent$2,398

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: 24th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 47th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55129?: The typical home in 55129 is worth $541,595, based on the Zillow Home Value Index.
Are home values rising in 55129?: Home values in 55129 are up 0.1% over the past year, and up 2.8% a year over five years.
What is the typical rent in 55129?: A typical home in 55129 rents for about $2,398 a month, a gross rental yield of 5.3%.
What is the property tax rate in 55129?: The effective property tax rate in 55129 is 1.0% — roughly $5,516 a year on a typical home.
Who lives in 55129?: ZIP code 55129 has a population of 34,120 and a median household income of $143,795.

#Comparable ZIPs

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

55345 vs 55129 →
Minnetonka, MN
Typical home
$541,300
Gross yield
3.8%
55073 vs 55129 →
Scandia, MN
Typical home
$540,354
Gross yield
—
55364
Minnetrista, MN
Typical home
$534,904
Gross yield
4.1%
55317
Chanhassen, MN
Typical home
$533,711
Gross yield
4.8%
54082
Houlton CDP, WI
Typical home
$549,995
Gross yield
—
55357
Greenfield, MN
Typical home
$528,411
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55129

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