How much is a home worth in ZIP code 55305?

The typical home in 55305 is worth $466,692, based on the Zillow Home Value Index.

Are home values rising in 55305?

Home values in 55305 are up 3.2% over the past year, and up 3.2% a year over five years.

What is the typical rent in 55305?

A typical home in 55305 rents for about $1,931 a month, a gross rental yield of 5.0%.

What is the property tax rate in 55305?

The effective property tax rate in 55305 is 1.1% — roughly $5,056 a year on a typical home.

ZIP code 55305 has a population of 21,068 and a median household income of $104,914.

HousingHandbookReference data

…

U.S. ZIP Code · MN55305

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

Typical home value

$466,692^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +3.2%
10-year / yr: +4.6%

Relative price

vs U.S.: +64.3%
vs metro: +22.2%
vs state: +56.7%

Price history

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

The typical home in 55305 is worth $466,692 — 22.2% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 3.2%. Homes here rent for a typical $1,931 a month — a 5.0% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,931^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $5,056^[3]

#Climate risk

FEMA National Risk Index ratings for Hennepin 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: Relatively Low
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Not Applicable
Tornado: Very High
Earthquake: Very Low
Winter weather: Very High

#Who lives here

Population: 21,068^[3]
Median household income: $104,914^[3]

#Migration

Household moves in and out of Hennepin County over a year, from IRS tax-return data.

Net migration: -2,269^[5]
Moved in: 38,182
Moved out: 40,451

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 13
Elementary: 3
Middle: 3
High: 6

HOPKINS SENIOR HIGH
High · Grades 9–12 · HOPKINS PUBLIC SCHOOL DISTRICT
1,991 students
Hopkins North Middle School
Middle · Grades 6–8 · HOPKINS PUBLIC SCHOOL DISTRICT
847 students
Hopkins West Middle School
Middle · Grades 6–8 · HOPKINS PUBLIC SCHOOL DISTRICT
555 students
L.H. TANGLEN ELEMENTARY
Elementary · Grades PK–5 · HOPKINS PUBLIC SCHOOL DISTRICT
518 students
EISENHOWER ELEMENTARY
Elementary · Grades PK–5 · HOPKINS PUBLIC SCHOOL DISTRICT
430 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 yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$23,168

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$2,360

Loan principal$373,353

Down payment$93,338

Total interest paid$476,192

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 ratio1.64

Monthly cost to own$3,169

Monthly rent$1,931

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: 42nd percentile^[1]
Rental yield: 33rd percentile^[2]
Property tax: 69th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55305?: The typical home in 55305 is worth $466,692, based on the Zillow Home Value Index.
Are home values rising in 55305?: Home values in 55305 are up 3.2% over the past year, and up 3.2% a year over five years.
What is the typical rent in 55305?: A typical home in 55305 rents for about $1,931 a month, a gross rental yield of 5.0%.
What is the property tax rate in 55305?: The effective property tax rate in 55305 is 1.1% — roughly $5,056 a year on a typical home.
Who lives in 55305?: ZIP code 55305 has a population of 21,068 and a median household income of $104,914.

#Comparable ZIPs

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

55405 vs 55305 →
Minneapolis, MN
Typical home
$467,083
Gross yield
3.6%
55127 vs 55305 →
North Oaks, MN
Typical home
$469,189
Gross yield
4.4%
55031
Hampton, MN
Typical home
$463,774
Gross yield
—
55065
Randolph, MN
Typical home
$463,651
Gross yield
—
55441
Plymouth, MN
Typical home
$463,286
Gross yield
4.4%
55304
Ham Lake, MN
Typical home
$462,610
Gross yield
6.9%

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Pit ZIP 55305 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55305

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