The story of this market
The typical home in ZIP 55330 sells for about $385,000, or $205 per square foot.
Prices are up +3.95% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,385 a month.
ZIP 55330 — Otsego
The housing market in 55330 shows steady growth with a median listing price of $466,000 and a year-over-year increase of nearly 4%. Demand remains consistent, supported by the area's appeal to commuters and families, though inventory levels are moderate. The market is currently stable, reflecting a balance between buyer interest and available supply.
This ZIP is ideal for families and commuters who value a suburban lifestyle with access to both natural amenities and transit links to the Twin Cities employment core.
Median prices moved up 4.0% year over year.
Homes spend a median of 35 days on market with 4.2 months of supply — a fast-moving market.
22% 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 1.9% · poverty 3.8% — 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 9.0%/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 8.3%/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 55330, Minnesota
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 Elk River are generally lower than the national average, with the area maintaining a reputation as a safe, family-oriented suburban community.
Schools serving the 55330 ZIP code are primarily part of the Elk River Area School District (ISD 728), which is generally well-regarded for its academic programs and extracurricular offerings.
The area faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized to areas near the Mississippi and Elk Rivers.
The area benefits from its position along the Highway 10 corridor and the Northstar Commuter Rail, supporting steady residential development and a mix of local retail and service-sector employment.
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 have access to the Northstar Commuter Rail line for transit to downtown Minneapolis, while most commuters rely on Highway 10 or Highway 169 for driving.
The area features extensive outdoor amenities including the Mississippi River, Lions Park, and various local trails, alongside convenient shopping centers along Main Street.
The rental market is characterized by a mix of income-restricted apartment communities and single-family rentals, with moderate vacancy pressure and steady demand from commuters.
The local economy is supported by a mix of retail, healthcare, and manufacturing, with many residents commuting to the broader Minneapolis-St. Paul metropolitan area.
The area is served by Highway 10 and the Northstar Commuter Rail, facilitating regional travel.
Ongoing residential development continues in the northern and western sections of the ZIP, with a focus on single-family housing.
Parcels are primarily served by the Elk River Area School District (ISD 728).
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common in Minnesota.
Data retrieved from Census Bureau ZCTA-level tables and Data USA.
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.
A major community park featuring river access and recreational facilities.
Provides significant recreational opportunities including fishing and boating.
Key-figure check: median price diverges 21.0% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $466,000 (+21% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.