How much is a home worth in ZIP code 55428?

The typical home in 55428 is worth $322,585, based on the Zillow Home Value Index.

Are home values rising in 55428?

Home values in 55428 are up 3.0% over the past year, and up 2.9% a year over five years.

What is the typical rent in 55428?

A typical home in 55428 rents for about $1,462 a month, a gross rental yield of 5.4%.

What is the property tax rate in 55428?

The effective property tax rate in 55428 is 1.2% — roughly $3,856 a year on a typical home.

ZIP code 55428 has a population of 32,499 and a median household income of $74,860.

HousingHandbookReference data

…

U.S. ZIP Code · MN55428

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

Typical home value

$322,585^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.0%
5-year / yr: +2.9%
10-year / yr: +5.5%

Relative price

vs U.S.: +13.6%
vs metro: -15.5%
vs state: +8.3%

Price history

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

The typical home in 55428 is worth $322,585 — 15.5% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 3.0%. Homes here rent for a typical $1,462 a month — a 5.4% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent: $1,462^[2]
Gross yield: 5.4%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $3,856^[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: 32,499^[3]
Median household income: $74,860^[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: 23
Elementary: 7
Middle: 2
High: 14

ROBBINSDALE COOPER SENIOR HIGH
High · Grades 9–12 · ROBBINSDALE PUBLIC SCHOOL DISTRICT
1,474 students
MEADOW LAKE ELEMENTARY
Elementary · Grades PK–5 · ROBBINSDALE PUBLIC SCHOOL DISTRICT
496 students
FOREST ELEMENTARY
Elementary · Grades PK–5 · ROBBINSDALE PUBLIC SCHOOL DISTRICT
454 students
Prairie Seeds El School Academy
Elementary · Grades K–5 · PRAIRIE SEEDS ACADEMY
357 students
PARK BROOK ELEMENTARY
Elementary · Grades PK–5 · OSSEO PUBLIC SCHOOL DISTRICT
308 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 yield5.4%

Net yield (after ~40% expenses)3.3%

Annual rent$17,540

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$1,631

Loan principal$258,068

Down payment$64,517

Total interest paid$329,151

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 ratio1.52

Monthly cost to own$2,223

Monthly rent$1,462

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: 28th percentile^[1]
Rental yield: 55th percentile^[2]
Property tax: 86th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55428?: The typical home in 55428 is worth $322,585, based on the Zillow Home Value Index.
Are home values rising in 55428?: Home values in 55428 are up 3.0% over the past year, and up 2.9% a year over five years.
What is the typical rent in 55428?: A typical home in 55428 rents for about $1,462 a month, a gross rental yield of 5.4%.
What is the property tax rate in 55428?: The effective property tax rate in 55428 is 1.2% — roughly $3,856 a year on a typical home.
Who lives in 55428?: ZIP code 55428 has a population of 32,499 and a median household income of $74,860.

#Comparable ZIPs

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

56096 vs 55428 →
Waterville, MN
Typical home
$323,592
Gross yield
—
56069 vs 55428 →
Montgomery, MN
Typical home
$324,688
Gross yield
—
55363
Montrose, MN
Typical home
$325,132
Gross yield
—
55432
Fridley, MN
Typical home
$325,721
Gross yield
5.5%
55433
Coon Rapids, MN
Typical home
$325,925
Gross yield
6.0%
54013
Glenwood City, WI
Typical home
$318,828
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55428

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