HousingHandbookReference data

U.S. ZIP Code · MN55429

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

Typical home value

$302,358[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.4%
5-year / yr
+2.8%
10-year / yr
+6.1%

Relative price

vs U.S.
+6.4%
vs metro
-20.8%
vs state
+1.5%
ZIP 55429 location in MN
Location of ZIP 55429 in MN

Price history

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

The typical home in 55429 is worth $302,358 — 20.8% below the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 1.4%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.2%[3]
Typical annual tax
$3,737[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
27,024[3]
Median household income
$72,253[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
11
Elementary
9
Middle
1
High
0
  • New Millennium Academy Charter

    Elementary · Grades K–8 · New Millennium Academy

    851 students

  • EXCELL ACADEMY CHARTER

    Elementary · Grades PK–8 · EXCELL ACADEMY CHARTER

    483 students

  • PALMER LAKE ELEMENTARY

    Elementary · Grades PK–5 · OSSEO PUBLIC SCHOOL DISTRICT

    468 students

  • North View Middle School

    Middle · Grades 6–8 · OSSEO PUBLIC SCHOOL DISTRICT

    447 students

  • NORTHPORT ELEMENTARY

    Elementary · Grades PK–5 · ROBBINSDALE PUBLIC SCHOOL DISTRICT

    441 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$1,529
Loan principal$241,886
Down payment$60,472
Total interest paid$308,513

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$2,093
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
20th percentile[1]
Rental yield
[2]
Property tax
91st percentile[3]

Frequently asked

How much is a home worth in ZIP code 55429?
The typical home in 55429 is worth $302,358, based on the Zillow Home Value Index.
Are home values rising in 55429?
Home values in 55429 are up 1.4% over the past year, and up 2.8% a year over five years.
What is the property tax rate in 55429?
The effective property tax rate in 55429 is 1.2% — roughly $3,737 a year on a typical home.
Who lives in 55429?
ZIP code 55429 has a population of 27,024 and a median household income of $72,253.

#Comparable ZIPs

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

  • Willernie, MN

    Typical home
    $301,959
    Gross yield
  • St. Paul, MN

    Typical home
    $301,478
    Gross yield
    5.4%
  • Columbia Heights, MN

    Typical home
    $303,361
    Gross yield
    5.8%
  • Maplewood, MN

    Typical home
    $303,509
    Gross yield
    5.3%
  • South St. Paul, MN

    Typical home
    $300,357
    Gross yield
    5.9%
  • Le Sueur, MN

    Typical home
    $304,774
    Gross yield

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