How much is a home worth in ZIP code 55316?

The typical home in 55316 is worth $376,490, based on the Zillow Home Value Index.

Are home values rising in 55316?

Home values in 55316 are up 3.2% over the past year, and up 3.3% a year over five years.

What is the typical rent in 55316?

A typical home in 55316 rents for about $2,213 a month, a gross rental yield of 7.1%.

What is the property tax rate in 55316?

The effective property tax rate in 55316 is 1.0% — roughly $3,900 a year on a typical home.

ZIP code 55316 has a population of 23,294 and a median household income of $116,102.

HousingHandbookReference data

…

U.S. ZIP Code · MN55316

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

Typical home value

$376,490^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +3.3%
10-year / yr: +5.1%

Relative price

vs U.S.: +32.5%
vs metro: -1.4%
vs state: +26.4%

Price history

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

The typical home in 55316 is worth $376,490 — 1.4% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 3.2%. Homes here rent for a typical $2,213 a month — a 7.1% 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: $2,213^[2]
Gross yield: 7.1%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $3,900^[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: 23,294^[3]
Median household income: $116,102^[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: 5
Elementary: 3
Middle: 1
High: 1

Champlin Park High School
High · Grades 9–12 · Anoka-Hennepin School District
2,978 students
JACKSON MIDDLE
Middle · Grades 6–8 · Anoka-Hennepin School District
2,030 students
OXBOW CREEK ELEMENTARY
Elementary · Grades K–5 · Anoka-Hennepin School District
1,109 students
Champlin/Brooklyn Pk Acd MathEnvSci
Elementary · Grades K–5 · Anoka-Hennepin School District
773 students
Modern Montessori Charter School
Elementary · Grades PK–7 · Modern Montessori Charter School
186 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 yield7.1%

Net yield (after ~40% expenses)4.2%

Annual rent$26,551

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$1,904

Loan principal$301,192

Down payment$75,298

Total interest paid$384,154

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 ratio1.15

Monthly cost to own$2,544

Monthly rent$2,213

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: 46th percentile^[1]
Rental yield: 91st percentile^[2]
Property tax: 55th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55316?: The typical home in 55316 is worth $376,490, based on the Zillow Home Value Index.
Are home values rising in 55316?: Home values in 55316 are up 3.2% over the past year, and up 3.3% a year over five years.
What is the typical rent in 55316?: A typical home in 55316 rents for about $2,213 a month, a gross rental yield of 7.1%.
What is the property tax rate in 55316?: The effective property tax rate in 55316 is 1.0% — roughly $3,900 a year on a typical home.
Who lives in 55316?: ZIP code 55316 has a population of 23,294 and a median household income of $116,102.

#Comparable ZIPs

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

55426 vs 55316 →
St. Louis Park, MN
Typical home
$375,678
Gross yield
5.8%
55409 vs 55316 →
Minneapolis, MN
Typical home
$375,424
Gross yield
5.1%
55308
Becker, MN
Typical home
$375,015
Gross yield
—
55124
Apple Valley, MN
Typical home
$378,782
Gross yield
6.4%
55358
Maple Lake, MN
Typical home
$379,034
Gross yield
—
55373
Greenfield, MN
Typical home
$379,144
Gross yield
4.7%

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Pit ZIP 55316 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55316

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