HousingHandbookReference data

U.S. ZIP Code · MN55373

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

Typical home value

$379,144[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.3%
5-year / yr
+3.1%
10-year / yr
+4.9%

Relative price

vs U.S.
+33.5%
vs metro
≈ metro median
vs state
+27.3%
ZIP 55373 location in MN
Location of ZIP 55373 in MN

Price history

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

The typical home in 55373 is worth $379,144. Over the past year, values have risen 1.3%. Homes here rent for a typical $1,500 a month — a 4.7% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
$1,500[2]
Gross yield
4.7%[2]
Cap rate
2.8%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$4,097[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
5,822[3]
Median household income
$105,556[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
3
Elementary
1
Middle
1
High
1
  • Rockford Elementary Arts Magnet

    Elementary · Grades PK–4 · ROCKFORD PUBLIC SCHOOL DISTRICT

    589 students

  • ROCKFORD SECONDARY

    High · Grades 9–12 · ROCKFORD PUBLIC SCHOOL DISTRICT

    512 students

  • ROCKFORD MIDDLE

    Middle · Grades 5–8 · ROCKFORD PUBLIC SCHOOL DISTRICT

    463 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 yield4.7%
Net yield (after ~40% expenses)2.8%
Annual rent$18,000

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$1,917
Loan principal$303,315
Down payment$75,829
Total interest paid$386,862

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 ratio1.72
Monthly cost to own$2,574
Monthly rent$1,500

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
36th percentile[1]
Rental yield
26th percentile[2]
Property tax
67th percentile[3]

Frequently asked

How much is a home worth in ZIP code 55373?
The typical home in 55373 is worth $379,144, based on the Zillow Home Value Index.
Are home values rising in 55373?
Home values in 55373 are up 1.3% over the past year, and up 3.1% a year over five years.
What is the typical rent in 55373?
A typical home in 55373 rents for about $1,500 a month, a gross rental yield of 4.7%.
What is the property tax rate in 55373?
The effective property tax rate in 55373 is 1.1% — roughly $4,097 a year on a typical home.
Who lives in 55373?
ZIP code 55373 has a population of 5,822 and a median household income of $105,556.

#Comparable ZIPs

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

  • Maple Lake, MN

    Typical home
    $379,034
    Gross yield
  • Apple Valley, MN

    Typical home
    $378,782
    Gross yield
    6.4%
  • Roseville, MN

    Typical home
    $379,758
    Gross yield
    4.7%
  • New Richmond, WI

    Typical home
    $380,383
    Gross yield
    5.6%
  • Cleveland, MN

    Typical home
    $380,546
    Gross yield
  • Bloomington, MN

    Typical home
    $380,865
    Gross yield
    5.4%

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