How much is a home worth in ZIP code 55811?

The typical home in 55811 is worth $355,987, based on the Zillow Home Value Index.

Are home values rising in 55811?

Home values in 55811 are up 7.1% over the past year, and up 6.1% a year over five years.

What is the typical rent in 55811?

A typical home in 55811 rents for about $1,916 a month, a gross rental yield of 6.5%.

What is the property tax rate in 55811?

The effective property tax rate in 55811 is 1.1% — roughly $3,964 a year on a typical home.

ZIP code 55811 has a population of 28,118 and a median household income of $79,804.

HousingHandbookReference data

…

U.S. ZIP Code · MN55811

St. Louis County · Duluth, MN-WI

Typical home value

$355,987^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +7.1%
5-year / yr: +6.1%
10-year / yr: +5.7%

Relative price

vs U.S.: +25.3%
vs metro: +50.9%
vs state: +19.6%

Price history

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

The typical home in 55811 is worth $355,987 — 50.9% above the Duluth, MN-WI median. Over the past year, values have risen 7.1%. Homes here rent for a typical $1,916 a month — a 6.5% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,916^[2]
Gross yield: 6.5%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $3,964^[3]

#Climate risk

FEMA National Risk Index ratings for St. Louis County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Very Low
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Very High

#Who lives here

Population: 28,118^[3]
Median household income: $79,804^[3]

#Migration

Household moves in and out of St. Louis County over a year, from IRS tax-return data.

Net migration: +56^[5]
Moved in: 4,402
Moved out: 4,346

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 16
Elementary: 6
Middle: 1
High: 3

HERMANTOWN ELEMENTARY
Elementary · Grades K–4 · Hermantown Community Schools
723 students
HERMANTOWN SENIOR HIGH
High · Grades 9–12 · Hermantown Community Schools
671 students
HERMANTOWN MIDDLE
Middle · Grades 5–8 · Hermantown Community Schools
646 students
NORTH STAR ACADEMY
Elementary · Grades K–8 · DULUTH PUBLIC SCHOOLS ACADEMY
590 students
PIEDMONT ELEMENTARY
Elementary · Grades PK–5 · DULUTH PUBLIC SCHOOL DISTRICT
417 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 yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$22,995

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$1,800

Loan principal$284,790

Down payment$71,197

Total interest paid$363,234

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 ratio1.27

Monthly cost to own$2,426

Monthly rent$1,916

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: 46th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 55811?: The typical home in 55811 is worth $355,987, based on the Zillow Home Value Index.
Are home values rising in 55811?: Home values in 55811 are up 7.1% over the past year, and up 6.1% a year over five years.
What is the typical rent in 55811?: A typical home in 55811 rents for about $1,916 a month, a gross rental yield of 6.5%.
What is the property tax rate in 55811?: The effective property tax rate in 55811 is 1.1% — roughly $3,964 a year on a typical home.
Who lives in 55811?: ZIP code 55811 has a population of 28,118 and a median household income of $79,804.

#Comparable ZIPs

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

55804 vs 55811 →
Duluth, MN
Typical home
$353,913
Gross yield
—
55790 vs 55811 →
Tower, MN
Typical home
$359,003
Gross yield
—
54849
Lake Nebagamon, WI
Typical home
$351,462
Gross yield
—
55803
Rice Lake, MN
Typical home
$350,334
Gross yield
—
55812
Duluth, MN
Typical home
$349,869
Gross yield
5.7%
55779
MN
Typical home
$340,247
Gross yield
—

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#Jump to section

U.S. ZIP Code · MN55811

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