How much is a home worth in ZIP code 55347?

The typical home in 55347 is worth $571,885, based on the Zillow Home Value Index.

Are home values rising in 55347?

Home values in 55347 are up 2.8% over the past year, and up 3.7% a year over five years.

What is the typical rent in 55347?

A typical home in 55347 rents for about $1,979 a month, a gross rental yield of 4.2%.

What is the property tax rate in 55347?

The effective property tax rate in 55347 is 1.0% — roughly $5,949 a year on a typical home.

ZIP code 55347 has a population of 30,429 and a median household income of $155,430.

HousingHandbookReference data

…

U.S. ZIP Code · MN55347

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

Typical home value

$571,885^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.8%
5-year / yr: +3.7%
10-year / yr: +4.2%

Relative price

vs U.S.: +101.3%
vs metro: +49.7%
vs state: +92.1%

Price history

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

The typical home in 55347 is worth $571,885 — 49.7% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 2.8%. Homes here rent for a typical $1,979 a month — a 4.2% 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: $1,979^[2]
Gross yield: 4.2%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,949^[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: 30,429^[3]
Median household income: $155,430^[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: 3
Middle: 0
High: 4

EAGLE HEIGHTS SPANISH IMMERSION
Elementary · Grades PK–5 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
734 students
Oak Point Elementary
Elementary · Grades PK–5 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
632 students
CEDAR RIDGE ELEMENTARY
Elementary · Grades PK–5 · EDEN PRAIRIE PUBLIC SCHOOL DISTRICT
490 students
Hennepin Gateway To College
High · Grades 9–12 · Intermediate School District 287
61 students
ALC - Gateway - EY
High · Grades 9–12 · Intermediate School District 287
0 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 yield4.2%

Net yield (after ~40% expenses)2.5%

Annual rent$23,748

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$2,892

Loan principal$457,508

Down payment$114,377

Total interest paid$583,527

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 ratio1.95

Monthly cost to own$3,864

Monthly rent$1,979

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: 62nd percentile^[1]
Rental yield: 12th percentile^[2]
Property tax: 57th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55347?: The typical home in 55347 is worth $571,885, based on the Zillow Home Value Index.
Are home values rising in 55347?: Home values in 55347 are up 2.8% over the past year, and up 3.7% a year over five years.
What is the typical rent in 55347?: A typical home in 55347 rents for about $1,979 a month, a gross rental yield of 4.2%.
What is the property tax rate in 55347?: The effective property tax rate in 55347 is 1.0% — roughly $5,949 a year on a typical home.
Who lives in 55347?: ZIP code 55347 has a population of 30,429 and a median household income of $155,430.

#Comparable ZIPs

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

55077 vs 55347 →
Inver Grove Heights, MN
Typical home
$566,507
Gross yield
3.9%
55384 vs 55347 →
Spring Park, MN
Typical home
$587,306
Gross yield
—
54082
Houlton CDP, WI
Typical home
$549,995
Gross yield
—
55410
Minneapolis, MN
Typical home
$600,651
Gross yield
5.1%
55129
Woodbury, MN
Typical home
$541,595
Gross yield
5.3%
55345
Minnetonka, MN
Typical home
$541,300
Gross yield
3.8%

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Pit ZIP 55347 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55347

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