The story of this market
The typical home in ZIP 55380 sells for about $581,111, or $185 per square foot.
Prices are up +9% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 55380
The housing market in 55380 shows steady price appreciation and a tightening supply of inventory. While specific demographic data is unavailable for this ZIP code, market metrics indicate a competitive environment for buyers. The area is primarily a mail-routing designation with limited residential density.
Median prices moved up 9.0% year over year.
Homes spend a median of 41 days on market with 1.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.6% of asking — demand is running ahead of supply.
Awaiting this reading — not graded.
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 6.1%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Flood risk is characterized as minor, with approximately 4% of the area impacted.
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.
Key-figure check: median price diverges 45.6% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $316,000 (45.6% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $316,000 (-45.6% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.