The story of this market
The typical home in ZIP 55378 sells for about $422,000, or $188 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,766 a month.
ZIP 55378 — Savage
The 55378 housing market is currently competitive with a median sale price of $422,000. While year-over-year prices have seen a slight decline of 1.5%, the market remains active with 89 closed sales in the most recent period. Several metrics, including rent and specific tax data, are not currently published at the ZIP level.
This ZIP is well-suited for families and commuters seeking suburban living with access to the Twin Cities, characterized by a high concentration of family households.
Median prices moved down 1.5% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 5.9% — a stable, low-distress profile.
ZCTA 55378
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Prior Lake-Savage Area School District, which is generally well-regarded within the region.
Savage is a growing suburban community with a mix of residential development and commercial corridors, benefiting from its proximity to the Twin Cities employment hubs.
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 typically commute to the Minneapolis-St. Paul metropolitan area via major highway corridors like Highway 13 and I-35W.
The area features several local parks, trails, and proximity to the Minnesota River Valley, offering various outdoor recreational opportunities.
The local economy is integrated into the broader Twin Cities metro area, with a mix of retail, service, and professional sectors.
Data sourced from US Census Bureau ZCTA profiles and IncomeByZipCode.
- Mall of America®4.69.5 mi
- Valleyfair4.25.7 mi
- Great Wolf Lodge | Minnesota3.99.6 mi
- Nickelodeon Universe4.59.5 mi
- Edinborough Park4.68.3 mi
- U.S. Bank Stadium4.616.6 mi
- Grand Casino Arena4.618.7 mi
- Minneapolis Convention Center4.516.1 mi
- Minnesota State Fair4.718.5 mi
- Canterbury Park4.56.9 mi
- Mall of America®4.69.5 mi
- Minnesota Zoo4.68.2 mi
- Valleyfair4.25.7 mi
- Great Wolf Lodge | Minnesota3.99.6 mi
- Canterbury Park4.56.9 mi
- Minneapolis Institute of Art4.815.3 mi
- Science Museum of Minnesota4.618.7 mi
- University of Minnesota Landscape Arboretum4.815 mi
- Union Depot4.519.3 mi
- Walker Art Center4.515.8 mi
- Centennial Lakes Park4.78.6 mi
- Lake Harriet Regional Park4.812.9 mi
- Edinborough Park4.68.3 mi
- Lebanon Hills Regional Park4.811.9 mi
- Fort Snelling State Park4.711.7 mi
- Pool and Yacht Club4.715.6 mi
- Wayzata Yacht Club4.816.8 mi
- Watergate Marina4.514 mi
- Howard's Point Marina4.617.2 mi
- Knotty Oar Marina4.74.2 mi
- Braemar Golf Course4.48.5 mi
- Stonebrooke Golf Club4.37.9 mi
- Legends Golf Club4.75.2 mi
- The Wilds Golf Club4.44.9 mi
- Edina Country Club4.611.5 mi
- Mall of America®4.69.5 mi
- Twin Cities Premium Outlets4.58.6 mi
- Asia Mall4.38.9 mi
- Southdale Center4.29.5 mi
- Eden Prairie Center4.48.2 mi
- Minneapolis-Saint Paul International Airport4.412 mi
- Shoyu3.711.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large regional park offering extensive trails and natural areas.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).