HousingHandbookReference data

U.S. ZIP Code · MN55368

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

Typical home value

$357,668[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.3%
5-year / yr
+4.7%
10-year / yr
+5.8%

Relative price

vs U.S.
+25.9%
vs metro
-6.4%
vs state
+20.1%
ZIP 55368 location in MN
Location of ZIP 55368 in MN

Price history

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

The typical home in 55368 is worth $357,668 — 6.4% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 4.3%. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$3,147[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
1,775[3]
Median household income
$71,250[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
3
Elementary
1
Middle
1
High
1
  • CENTRAL ELEMENTARY

    Elementary · Grades PK–5 · CENTRAL PUBLIC SCHOOL DISTRICT

    400 students

  • CENTRAL SENIOR HIGH

    High · Grades 9–12 · CENTRAL PUBLIC SCHOOL DISTRICT

    334 students

  • CENTRAL MIDDLE

    Middle · Grades 6–8 · CENTRAL PUBLIC SCHOOL DISTRICT

    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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,809
Loan principal$286,135
Down payment$71,534
Total interest paid$364,949

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.

Own : rent ratio
Monthly cost to own$2,369
Monthly rent

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
82nd percentile[1]
Rental yield
[2]
Property tax
14th percentile[3]

Frequently asked

How much is a home worth in ZIP code 55368?
The typical home in 55368 is worth $357,668, based on the Zillow Home Value Index.
Are home values rising in 55368?
Home values in 55368 are up 4.3% over the past year, and up 4.7% a year over five years.
What is the property tax rate in 55368?
The effective property tax rate in 55368 is 0.9% — roughly $3,147 a year on a typical home.
Who lives in 55368?
ZIP code 55368 has a population of 1,775 and a median household income of $71,250.

#Comparable ZIPs

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

  • Oakdale, MN

    Typical home
    $358,676
    Gross yield
    6.3%
  • Eagan, MN

    Typical home
    $358,806
    Gross yield
    5.4%
  • Burnsville, MN

    Typical home
    $356,016
    Gross yield
    4.8%
  • Monticello, MN

    Typical home
    $359,725
    Gross yield
    5.2%
  • North Branch, MN

    Typical home
    $354,864
    Gross yield
  • St. Francis, MN

    Typical home
    $354,265
    Gross yield

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