How much is a home worth in ZIP code 55344?

The typical home in 55344 is worth $349,606, based on the Zillow Home Value Index.

Are home values rising in 55344?

Home values in 55344 are up 0.7% over the past year, and up 2.1% a year over five years.

What is the typical rent in 55344?

A typical home in 55344 rents for about $1,725 a month, a gross rental yield of 5.9%.

What is the property tax rate in 55344?

The effective property tax rate in 55344 is 1.2% — roughly $4,057 a year on a typical home.

ZIP code 55344 has a population of 14,034 and a median household income of $89,565.

HousingHandbookReference data

…

U.S. ZIP Code · MN55344

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

Typical home value

$349,606^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.7%
5-year / yr: +2.1%
10-year / yr: +3.9%

Relative price

vs U.S.: +23.1%
vs metro: -8.5%
vs state: +17.4%

Price history

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

The typical home in 55344 is worth $349,606 — 8.5% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 0.7%. Homes here rent for a typical $1,725 a month — a 5.9% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,725^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $4,057^[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: 14,034^[3]
Median household income: $89,565^[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: 7
Elementary: 2
Middle: 1
High: 3

CENTRAL MIDDLE SCHOOL
Middle · Grades 6–8 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
1,891 students
EDEN LAKE ELEMENTARY
Elementary · Grades PK–5 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
607 students
PIM Arts High School
High · Grades 9–12 · PIM Arts High School
378 students
Eden Prairie Online Secondary
High · Grades 6–12 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
269 students
Eden Prairie Online Elementary
Elementary · Grades K–5 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
180 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 yield5.9%

Net yield (after ~40% expenses)3.6%

Annual rent$20,702

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$1,768

Loan principal$279,685

Down payment$69,921

Total interest paid$356,723

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 ratio1.39

Monthly cost to own$2,397

Monthly rent$1,725

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: 12th percentile^[1]
Rental yield: 72nd percentile^[2]
Property tax: 79th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55344?: The typical home in 55344 is worth $349,606, based on the Zillow Home Value Index.
Are home values rising in 55344?: Home values in 55344 are up 0.7% over the past year, and up 2.1% a year over five years.
What is the typical rent in 55344?: A typical home in 55344 rents for about $1,725 a month, a gross rental yield of 5.9%.
What is the property tax rate in 55344?: The effective property tax rate in 55344 is 1.2% — roughly $4,057 a year on a typical home.
Who lives in 55344?: ZIP code 55344 has a population of 14,034 and a median household income of $89,565.

#Comparable ZIPs

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

56050 vs 55344 →
Kasota, MN
Typical home
$349,951
Gross yield
—
56330 vs 55344 →
Foreston, MN
Typical home
$348,437
Gross yield
—
55084
Taylors Falls, MN
Typical home
$348,111
Gross yield
—
55343
Minnetonka, MN
Typical home
$351,365
Gross yield
5.5%
55423
Richfield, MN
Typical home
$351,437
Gross yield
4.5%
55448
Coon Rapids, MN
Typical home
$347,325
Gross yield
6.0%

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#Jump to section

U.S. ZIP Code · MN55344

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