How much is a home worth in ZIP code 55447?

The typical home in 55447 is worth $501,945, based on the Zillow Home Value Index.

Are home values rising in 55447?

Home values in 55447 are up 1.8% over the past year, and up 3.4% a year over five years.

What is the typical rent in 55447?

A typical home in 55447 rents for about $1,870 a month, a gross rental yield of 4.5%.

What is the property tax rate in 55447?

The effective property tax rate in 55447 is 1.0% — roughly $5,164 a year on a typical home.

ZIP code 55447 has a population of 20,931 and a median household income of $133,555.

HousingHandbookReference data

…

U.S. ZIP Code · MN55447

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

Typical home value

$501,945^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +3.4%
10-year / yr: +4.7%

Relative price

vs U.S.: +76.7%
vs metro: +31.4%
vs state: +68.6%

Price history

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

The typical home in 55447 is worth $501,945 — 31.4% above the Minneapolis-St. Paul-Bloomington, MN-WI median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,870 a month — a 4.5% 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: $1,870^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,164^[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: 20,931^[3]
Median household income: $133,555^[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: 7
Elementary: 3
Middle: 2
High: 1

WAYZATA CENTRAL MIDDLE
Middle · Grades 6–8 · WAYZATA PUBLIC SCHOOL DISTRICT
1,534 students
GLEASON LAKE ELEMENTARY
Elementary · Grades K–5 · WAYZATA PUBLIC SCHOOL DISTRICT
589 students
BIRCHVIEW ELEMENTARY
Elementary · Grades K–5 · WAYZATA PUBLIC SCHOOL DISTRICT
452 students
OAKWOOD ELEMENTARY
Elementary · Grades K–5 · WAYZATA PUBLIC SCHOOL DISTRICT
449 students
EARLY CHILDHOOD SPECIAL EDUCATION
Prekindergarten · Grades PK · WAYZATA PUBLIC SCHOOL DISTRICT
197 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 yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$22,444

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$2,538

Loan principal$401,556

Down payment$100,389

Total interest paid$512,163

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 ratio1.81

Monthly cost to own$3,387

Monthly rent$1,870

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: 49th percentile^[1]
Rental yield: 18th percentile^[2]
Property tax: 53rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55447?: The typical home in 55447 is worth $501,945, based on the Zillow Home Value Index.
Are home values rising in 55447?: Home values in 55447 are up 1.8% over the past year, and up 3.4% a year over five years.
What is the typical rent in 55447?: A typical home in 55447 rents for about $1,870 a month, a gross rental yield of 4.5%.
What is the property tax rate in 55447?: The effective property tax rate in 55447 is 1.0% — roughly $5,164 a year on a typical home.
Who lives in 55447?: ZIP code 55447 has a population of 20,931 and a median household income of $133,555.

#Comparable ZIPs

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

55419 vs 55447 →
Minneapolis, MN
Typical home
$500,244
Gross yield
4.8%
55311 vs 55447 →
Maple Grove, MN
Typical home
$499,670
Gross yield
5.6%
55327
Dayton, MN
Typical home
$504,603
Gross yield
—
55115
Mahtomedi, MN
Typical home
$507,059
Gross yield
4.0%
55315
Carver, MN
Typical home
$507,079
Gross yield
—
55120
Mendota Heights, MN
Typical home
$511,286
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55447

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