Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 55359, Minnesota?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 55359, Minnesota (ZIP 55359) is $1,200/month (±$68), based on Census ACS 5-Year estimates (2024). The median home value is $537,300 (±$99,832), and the median household income is $129,250/year. The unemployment rate in Hennepin County, Minnesota was 3.6% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 55359
| Metric | Value |
|---|---|
| Median Gross Rent | $1,200 |
| Median Home Value | $537,300 |
| Median Household Income | $129,250 |
| Total Housing Units | 2,567 |
| Renter-Occupied Units | 385 |
| Renter-Occupied Share | 15% |
| Households Paying 50%+ Income | 100 households |
| Unemployment Rate(April 2026) | 3.6% |
How does ZIP 55359 compare?
Median gross rent ranked against all ZIP codes in Minnesota.
Higher rent than 74% of ZIP codes in Minnesota · 196th of 759
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 55042 | $2,407 |
| 2 | ZCTA5 55001 | $2,333 |
| 3 | ZCTA5 55054 | $2,200 |
| … 192 more … | ||
| 196 | ZCTA5 55359(you are here) | $1,200 |
| … 560 more … | ||
| 757 | ZCTA5 56527 | $390 |
| 758 | ZCTA5 55764 | $336 |
| 759 | ZCTA5 56591 | $196 |
Geography
ZIP 55359 is in Hennepin County, Minnesota.
It covers part of Independence city, Minnesota.
More data for ZCTA5 55359
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Frequently asked questions
What is the average rent in ZCTA5 55359, Minnesota?
The median gross rent in ZCTA5 55359, Minnesota (ZIP 55359) is $1,200/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 55359, Minnesota?
The median rent for a 2-bedroom in ZCTA5 55359, Minnesota is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 55359, Minnesota?
The median home value in ZCTA5 55359, Minnesota (ZIP 55359) is $537,300 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 55359 are rent-burdened?
In ZCTA5 55359, Minnesota, 100 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 55359, Minnesota?
The median household income in ZCTA5 55359, Minnesota is $129,250/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,200 has a margin of error of ±$68. In very small areas, MOEs can be large relative to the estimate.
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