HousingHandbookReference data

U.S. ZIP Code · MN55391

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

Typical home value

$1,016,624[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.7%
5-year / yr
+6.0%
10-year / yr
+5.6%

Relative price

vs U.S.
+257.9%
vs metro
+166.1%
vs state
+241.4%
ZIP 55391 location in MN
Location of ZIP 55391 in MN

Price history

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

The typical home in 55391 is worth $1,016,624 — 166.1% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 5.7%. Homes here rent for a typical $1,963 a month — a 2.3% 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
$1,963[2]
Gross yield
2.3%[2]
Cap rate
1.4%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$10,129[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
15,502[3]
Median household income
$174,301[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
2
Elementary
1
Middle
1
High
0
  • WAYZATA WEST MIDDLE

    Middle · Grades 6–8 · WAYZATA PUBLIC SCHOOL DISTRICT

    714 students

  • DEEPHAVEN ELEMENTARY

    Elementary · Grades K–5 · MINNETONKA PUBLIC SCHOOL DISTRICT

    670 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 yield2.3%
Net yield (after ~40% expenses)1.4%
Annual rent$23,557

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$5,141
Loan principal$813,300
Down payment$203,325
Total interest paid$1,037,319

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 ratio3.48
Monthly cost to own$6,835
Monthly rent$1,963

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
97th percentile[1]
Rental yield
0th percentile[2]
Property tax
42nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 55391?
The typical home in 55391 is worth $1,016,624, based on the Zillow Home Value Index.
Are home values rising in 55391?
Home values in 55391 are up 5.7% over the past year, and up 6.0% a year over five years.
What is the typical rent in 55391?
A typical home in 55391 rents for about $1,963 a month, a gross rental yield of 2.3%.
What is the property tax rate in 55391?
The effective property tax rate in 55391 is 1.0% — roughly $10,129 a year on a typical home.
Who lives in 55391?
ZIP code 55391 has a population of 15,502 and a median household income of $174,301.

#Comparable ZIPs

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

  • Edina, MN

    Typical home
    $1,031,433
    Gross yield
    3.1%
  • Shorewood, MN

    Typical home
    $820,958
    Gross yield
    3.2%
  • Orono, MN

    Typical home
    $800,633
    Gross yield
    3.9%
  • Afton, MN

    Typical home
    $722,073
    Gross yield
  • Edina, MN

    Typical home
    $691,726
    Gross yield
    5.1%
  • Corcoran, MN

    Typical home
    $681,561
    Gross yield

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