How much is a home worth in ZIP code 55311?

The typical home in 55311 is worth $499,670, based on the Zillow Home Value Index.

Are home values rising in 55311?

Home values in 55311 are up 1.5% over the past year, and up 3.1% a year over five years.

What is the typical rent in 55311?

A typical home in 55311 rents for about $2,342 a month, a gross rental yield of 5.6%.

What is the property tax rate in 55311?

The effective property tax rate in 55311 is 1.1% — roughly $5,314 a year on a typical home.

ZIP code 55311 has a population of 38,472 and a median household income of $153,568.

HousingHandbookReference data

…

U.S. ZIP Code · MN55311

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

Typical home value

$499,670^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.5%
5-year / yr: +3.1%
10-year / yr: +4.0%

Relative price

vs U.S.: +75.9%
vs metro: +30.8%
vs state: +67.8%

Price history

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

The typical home in 55311 is worth $499,670 — 30.8% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 1.5%. Homes here rent for a typical $2,342 a month — a 5.6% 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: $2,342^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $5,314^[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: 38,472^[3]
Median household income: $153,568^[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: 4
Elementary: 4
Middle: 0
High: 0

BASSWOOD ELEMENTARY
Elementary · Grades PK–5 · OSSEO PUBLIC SCHOOL DISTRICT
848 students
RUSH CREEK ELEMENTARY
Elementary · Grades PK–5 · OSSEO PUBLIC SCHOOL DISTRICT
743 students
Weaver Lake Science Math & Tech Sch
Elementary · Grades PK–5 · OSSEO PUBLIC SCHOOL DISTRICT
651 students
Minnesota Excellence in Learning Ac
Elementary · Grades PK–6 · Minnesota Excellence in Learning Ac
209 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$28,108

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$2,527

Loan principal$399,736

Down payment$99,934

Total interest paid$509,841

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 ratio1.44

Monthly cost to own$3,384

Monthly rent$2,342

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: 34th percentile^[1]
Rental yield: 61st percentile^[2]
Property tax: 64th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55311?: The typical home in 55311 is worth $499,670, based on the Zillow Home Value Index.
Are home values rising in 55311?: Home values in 55311 are up 1.5% over the past year, and up 3.1% a year over five years.
What is the typical rent in 55311?: A typical home in 55311 rents for about $2,342 a month, a gross rental yield of 5.6%.
What is the property tax rate in 55311?: The effective property tax rate in 55311 is 1.1% — roughly $5,314 a year on a typical home.
Who lives in 55311?: ZIP code 55311 has a population of 38,472 and a median household income of $153,568.

#Comparable ZIPs

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

55419 vs 55311 →
Minneapolis, MN
Typical home
$500,244
Gross yield
4.8%
55447 vs 55311 →
Plymouth, MN
Typical home
$501,945
Gross yield
4.5%
55327
Dayton, MN
Typical home
$504,603
Gross yield
—
55115
Mahtomedi, MN
Typical home
$507,059
Gross yield
4.0%
55315
Carver, MN
Typical home
$507,079
Gross yield
—
55346
Eden Prairie, MN
Typical home
$492,239
Gross yield
5.1%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 55311 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55311

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