How much is a home worth in ZIP code 55403?

The typical home in 55403 is worth $198,604, based on the Zillow Home Value Index.

Are home values rising in 55403?

Home values in 55403 are down 3.4% over the past year, and down 4.7% a year over five years.

What is the typical rent in 55403?

A typical home in 55403 rents for about $1,411 a month, a gross rental yield of 8.5%.

What is the property tax rate in 55403?

The effective property tax rate in 55403 is 1.3% — roughly $2,580 a year on a typical home.

ZIP code 55403 has a population of 17,601 and a median household income of $60,873.

HousingHandbookReference data

…

U.S. ZIP Code · MN55403

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

Typical home value

$198,604^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.4%
5-year / yr: -4.7%
10-year / yr: -0.4%

Relative price

vs U.S.: -30.1%
vs metro: -48.0%
vs state: -33.3%

Price history

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

The typical home in 55403 is worth $198,604 — 48.0% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have fallen 3.4%. Homes here rent for a typical $1,411 a month — a 8.5% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,411^[2]
Gross yield: 8.5%^[2]
Cap rate: 5.1%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $2,580^[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: 17,601^[3]
Median household income: $60,873^[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: 8
Elementary: 2
Middle: 0
High: 6

EMERSON ELEMENTARY
Elementary · Grades K–5 · Minneapolis Public School District
504 students
FAIR High
High · Grades 9–12 · Minneapolis Public School District
332 students
LOVEWORKS ACADEMY FOR ARTS
Elementary · Grades K–8 · LOVEWORKS ACADEMY FOR ARTS
162 students
WELLSTONE INTERNATIONAL HIGH
High · Grades 9–12 · Minneapolis Public School District
141 students
DOWNTOWN CAMPUS
High · Grades 9–12 · MINNESOTA INTERNSHIP CENTER
83 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 yield8.5%

Net yield (after ~40% expenses)5.1%

Annual rent$16,934

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$1,004

Loan principal$158,883

Down payment$39,721

Total interest paid$202,647

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 ratio0.98

Monthly cost to own$1,385

Monthly rent$1,411

Owning and renting are roughly even.

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: 0th percentile^[1]
Rental yield: 95th percentile^[2]
Property tax: 94th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for highest rental yield in MNView list →

Frequently asked

How much is a home worth in ZIP code 55403?: The typical home in 55403 is worth $198,604, based on the Zillow Home Value Index.
Are home values rising in 55403?: Home values in 55403 are down 3.4% over the past year, and down 4.7% a year over five years.
What is the typical rent in 55403?: A typical home in 55403 rents for about $1,411 a month, a gross rental yield of 8.5%.
What is the property tax rate in 55403?: The effective property tax rate in 55403 is 1.3% — roughly $2,580 a year on a typical home.
Who lives in 55403?: ZIP code 55403 has a population of 17,601 and a median household income of $60,873.

#Comparable ZIPs

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

55101 vs 55403 →
St. Paul, MN
Typical home
$184,281
Gross yield
9.8%
55435 vs 55403 →
Edina, MN
Typical home
$216,613
Gross yield
10.8%
55412
Minneapolis, MN
Typical home
$236,523
Gross yield
9.9%
55404
Minneapolis, MN
Typical home
$241,701
Gross yield
6.7%
55411
Minneapolis, MN
Typical home
$243,870
Gross yield
9.0%
55454
Minneapolis, MN
Typical home
$153,104
Gross yield
14.3%

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Pit ZIP 55403 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MN55403

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