The story of this market
The typical home in ZIP 55031 sells for about $510,000, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,102 a month.
ZIP 55031 — Hampton
The housing market in 55031 remains competitive with steady price appreciation and low inventory levels. Demand is driven by the area's strong school system and appeal to families, though higher interest rates have moderated the pace of sales compared to previous years.
This ZIP is ideal for family buyers and professionals seeking suburban stability, high-quality schools, and a balance between community amenities and access to the Twin Cities.
Median prices moved up 2.4% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 3.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55031, Dakota County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area remain low relative to the broader Twin Cities metropolitan region, with property crime being the primary reported concern.
The area is served by highly-rated public school districts, consistently recognized for strong academic performance and college readiness metrics.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with localized flood risks managed by municipal infrastructure.
Economic momentum is driven by proximity to the Twin Cities employment core and ongoing suburban residential expansion, supported by robust regional infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute via I-35E and I-35W toward the Minneapolis-Saint Paul employment hubs, with average commute times reflecting typical suburban traffic patterns.
The area features extensive access to local parks, regional trail systems, and nearby lakes, providing significant outdoor recreational opportunities for residents.
The rental market is characterized by moderate vacancy pressure and consistent demand, with rents trending upward in line with regional inflation.
The local economy is anchored by a mix of retail, professional services, and proximity to major corporate headquarters in the southern Twin Cities metro.
Transportation is heavily reliant on the I-35 corridor, with limited public transit options compared to the urban core.
Development is focused on infill residential projects and the expansion of local commercial service centers.
The Dakota County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to school district levies and municipal utility assessments typical of suburban Dakota County.
Property insurance premiums are stable, though coverage for wind and hail damage remains a standard consideration for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Treasure Island Resort & Casino3.915.2 mi
- Grand Slam4.319.9 mi
- Cascade Bay Water Park4.417.7 mi
- Good Times Park4.618.7 mi
- Sky Zone Trampoline Park419.4 mi
- TCO Stadium4.719.2 mi
- Welch Village Ski & Snowboard Area4.511.6 mi
- Eagan Community Center4.619.2 mi
- Buck Hill4.318 mi
- Dakota County Fairgrounds4.59.4 mi
- Marcus Rosemount Cinema4.512.1 mi
- Whitetail Woods Regional Park4.89.2 mi
- Vermillion Falls Park4.69.8 mi
- Watt Munisotaram4.84.8 mi
- Crazy Legs Farm & Pumpkins4.89.1 mi
- The Minnesota Vikings Museum4.719.1 mi
- Historic Rock Island Swing Bridge4.717.3 mi
- Little Log House Pioneer Village4.96.3 mi
- Vermillion Falls4.69.8 mi
- Hideaway South Metro4.514.9 mi
- Whitetail Woods Regional Park4.89.2 mi
- Vermillion Falls Park4.69.8 mi
- Stelzel Fields4.59.8 mi
- Schaar's Bluff Trail4.811.1 mi
- Rambling River Park4.510 mi
- Emerald Greens Golf Course49.1 mi
- Southern Hills Golf Course4.39.9 mi
- Hidden Greens Golf Course4.66.7 mi
- Bellwood Oaks Golf Course4.66.4 mi
- Hastings Golf Club & Events4.69.2 mi
- Fleet Farm4.59.6 mi
- Minneapolis-Saint Paul International Airport4.423 mi
- Shoyu3.722.8 mi
- Mimosa322.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system and recreational lakes serving the area.
Popular local destination for fishing and water-based recreation.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).