How much is a home worth in ZIP code 55309?

The typical home in 55309 is worth $373,322, based on the Zillow Home Value Index.

Are home values rising in 55309?

Home values in 55309 are up 1.8% over the past year, and up 3.7% a year over five years.

What is the typical rent in 55309?

A typical home in 55309 rents for about $1,776 a month, a gross rental yield of 5.7%.

What is the property tax rate in 55309?

The effective property tax rate in 55309 is 0.9% — roughly $3,423 a year on a typical home.

ZIP code 55309 has a population of 21,378 and a median household income of $121,711.

HousingHandbookReference data

…

U.S. ZIP Code · MN55309

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

Typical home value

$373,322^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +3.7%
10-year / yr: +6.0%

Relative price

vs U.S.: +31.4%
vs metro: -2.3%
vs state: +25.4%

Price history

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

The typical home in 55309 is worth $373,322 — 2.3% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,776 a month — a 5.7% 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: $1,776^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,423^[3]

#Climate risk

FEMA National Risk Index ratings for Sherburne County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Relatively Moderate
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 21,378^[3]
Median household income: $121,711^[3]

#Migration

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

Net migration: -154^[5]
Moved in: 3,383
Moved out: 3,537

Schools

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

Public schools: 7
Elementary: 3
Middle: 1
High: 3

BIG LAKE SENIOR HIGH
High · Grades 9–12 · BIG LAKE PUBLIC SCHOOL DISTRICT
850 students
LIBERTY ELEMENTARY
Elementary · Grades PK–2 · BIG LAKE PUBLIC SCHOOL DISTRICT
760 students
INDEPENDENCE ELEMENTARY
Elementary · Grades 3–5 · BIG LAKE PUBLIC SCHOOL DISTRICT
694 students
BIG LAKE MIDDLE SCHOOL
Middle · Grades 6–8 · BIG LAKE PUBLIC SCHOOL DISTRICT
645 students
Big Lake Online 6-12
High · Grades 6–12 · BIG LAKE PUBLIC SCHOOL DISTRICT
184 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 yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$21,313

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$1,888

Loan principal$298,657

Down payment$74,664

Total interest paid$380,921

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 ratio1.40

Monthly cost to own$2,485

Monthly rent$1,776

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: 61st percentile^[1]
Rental yield: 64th percentile^[2]
Property tax: 21st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55309?: The typical home in 55309 is worth $373,322, based on the Zillow Home Value Index.
Are home values rising in 55309?: Home values in 55309 are up 1.8% over the past year, and up 3.7% a year over five years.
What is the typical rent in 55309?: A typical home in 55309 rents for about $1,776 a month, a gross rental yield of 5.7%.
What is the property tax rate in 55309?: The effective property tax rate in 55309 is 0.9% — roughly $3,423 a year on a typical home.
Who lives in 55309?: ZIP code 55309 has a population of 21,378 and a median household income of $121,711.

#Comparable ZIPs

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

55308 vs 55309 →
Becker, MN
Typical home
$375,015
Gross yield
—
55427 vs 55309 →
Golden Valley, MN
Typical home
$371,374
Gross yield
5.1%
55409
Minneapolis, MN
Typical home
$375,424
Gross yield
5.1%
55426
St. Louis Park, MN
Typical home
$375,678
Gross yield
5.8%
55371
Princeton, MN
Typical home
$370,301
Gross yield
—
55316
Champlin, MN
Typical home
$376,490
Gross yield
7.1%

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Pit ZIP 55309 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55309

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