How much is a home worth in ZIP code 55318?

The typical home in 55318 is worth $483,321, based on the Zillow Home Value Index.

Are home values rising in 55318?

Home values in 55318 are up 2.3% over the past year, and up 3.6% a year over five years.

What is the typical rent in 55318?

A typical home in 55318 rents for about $1,949 a month, a gross rental yield of 4.8%.

What is the property tax rate in 55318?

The effective property tax rate in 55318 is 1.0% — roughly $4,739 a year on a typical home.

ZIP code 55318 has a population of 30,369 and a median household income of $112,243.

HousingHandbookReference data

…

U.S. ZIP Code · MN55318

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

Typical home value

$483,321^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +3.6%
10-year / yr: +4.5%

Relative price

vs U.S.: +70.1%
vs metro: +26.5%
vs state: +62.3%

Price history

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

The typical home in 55318 is worth $483,321 — 26.5% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 2.3%. Homes here rent for a typical $1,949 a month — a 4.8% 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: $1,949^[2]
Gross yield: 4.8%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $4,739^[3]

#Climate risk

FEMA National Risk Index ratings for Carver 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: Very 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: 30,369^[3]
Median household income: $112,243^[3]

#Migration

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

Net migration: +77^[5]
Moved in: 3,551
Moved out: 3,474

Schools

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

Public schools: 23
Elementary: 6
Middle: 5
High: 10

CHASKA HIGH SCHOOL
High · Grades 9–12 · EASTERN CARVER COUNTY PUBLIC SCHOOL
1,538 students
CLOVER RIDGE ELEMENTARY
Elementary · Grades K–5 · EASTERN CARVER COUNTY PUBLIC SCHOOL
631 students
CHASKA MIDDLE SCHOOL EAST
Middle · Grades 6–8 · EASTERN CARVER COUNTY PUBLIC SCHOOL
589 students
CHASKA MIDDLE SCHOOL WEST
Middle · Grades 6–8 · EASTERN CARVER COUNTY PUBLIC SCHOOL
582 students
JONATHAN ELEMENTARY
Elementary · Grades K–5 · EASTERN CARVER COUNTY PUBLIC SCHOOL
544 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 yield4.8%

Net yield (after ~40% expenses)2.9%

Annual rent$23,391

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$2,444

Loan principal$386,656

Down payment$96,664

Total interest paid$493,159

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 ratio1.66

Monthly cost to own$3,241

Monthly rent$1,949

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: 60th percentile^[1]
Rental yield: 30th percentile^[2]
Property tax: 37th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55318?: The typical home in 55318 is worth $483,321, based on the Zillow Home Value Index.
Are home values rising in 55318?: Home values in 55318 are up 2.3% over the past year, and up 3.6% a year over five years.
What is the typical rent in 55318?: A typical home in 55318 rents for about $1,949 a month, a gross rental yield of 4.8%.
What is the property tax rate in 55318?: The effective property tax rate in 55318 is 1.0% — roughly $4,739 a year on a typical home.
Who lives in 55318?: ZIP code 55318 has a population of 30,369 and a median household income of $112,243.

#Comparable ZIPs

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

55374 vs 55318 →
Rogers, MN
Typical home
$477,852
Gross yield
5.1%
55105 vs 55318 →
St. Paul, MN
Typical home
$476,313
Gross yield
3.7%
55442
Plymouth, MN
Typical home
$475,655
Gross yield
5.1%
54016
Hudson, WI
Typical home
$491,857
Gross yield
4.5%
55123
Eagan, MN
Typical home
$474,542
Gross yield
4.2%
55346
Eden Prairie, MN
Typical home
$492,239
Gross yield
5.1%

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Pit ZIP 55318 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55318

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