Minneapolis area rankings: ZIP codes and suburbs by home value, rent and income

September 2026 figures from Zillow and the U.S. Census Bureau · Minneapolis-St. Paul-Bloomington, MN-WI metro area · updated 2026-11-15

Typical home value

$388,000

+1.7% in a year · U.S.: $366,000

Typical rent

$1,736

+3.6% in a year · U.S.: $1,932

Median household income

$99,833

U.S.: $80,734

Population

3,790,295

Census estimate, July 2025

13 rankings for the Minneapolis area

Cheapest ZIP codes in the Minneapolis areaFirst place: ZIP code 55454 (Cedar-Riverside, Minneapolis, MN): $145,000 · 209 ZIP codes listed
Most expensive ZIP codes in the Minneapolis areaFirst place: ZIP code 55391 (Woodland, MN): $1,029,000 · 209 ZIP codes listed
Where home prices are falling in the Minneapolis areaFirst place: ZIP code 55415 (Downtown East, Minneapolis, MN): −13.7% · 15 ZIP codes listed
Where home prices are rising fastest in the Minneapolis areaFirst place: ZIP code 54750 (Maiden Rock, WI): +8.9% · 194 ZIP codes listed
Cheapest rent in the Minneapolis area, by ZIP codeFirst place: ZIP code 56304 (Saint Cloud, MN): $1,176 · 119 ZIP codes listed
Highest rent in the Minneapolis area, by ZIP codeFirst place: ZIP code 55391 (Woodland, MN): $3,392 · 119 ZIP codes listed
Where rents are falling in the Minneapolis areaFirst place: ZIP code 55409 (King Field, Minneapolis, MN): −3.7% · 5 ZIP codes listed
Where rents are rising fastest in the Minneapolis areaFirst place: ZIP code 55331 (Shorewood, MN): +10.6% · 86 ZIP codes listed
Richest ZIP codes in the Minneapolis area, by household incomeFirst place: ZIP code 55424 (Edina, MN): $250,000+ · 209 ZIP codes listed
Cheapest suburbs of MinneapolisFirst place: Saint Paul, MN: $291,000 · 102 suburbs listed
Most expensive suburbs of MinneapolisFirst place: Orono, MN: $1,147,000 · 102 suburbs listed
Richest suburbs of Minneapolis, by household incomeFirst place: North Oaks, MN: $231,742 · 102 suburbs listed
Largest suburbs of Minneapolis, by populationFirst place: Saint Paul, MN: 307,284 · 102 suburbs listed

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Sources

Home values: Zillow ZHVI (Sep 2026). Rents: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow). Income and the population of ZIP codes, cities and towns: U.S. Census Bureau, ACS 2020–24 5-year estimates. ZIP codes with fewer than 1,000 residents and cities or towns with fewer than 5,000 are not ranked. Compiled by Home Economics.