ZIP 55384 vs ZIP 55347

55384 is one of 67 ZIP codes that lie mostly in Hennepin County, MN.

Shaded by typical home value, it ranks 11 of the 40 nearby ZIPs shown.

55347 is one of 67 ZIP codes that lie mostly in Hennepin County, MN.

Shaded by typical home value, it ranks 10 of the 38 nearby ZIPs shown.

7 school locations in 55347: 3 elementary, 4 high.

In alphabetical order: ALC - Gateway - EY, CEDAR RIDGE ELEMENTARY, EAGLE HEIGHTS SPANISH IMMERSION, Gateway to College - IS, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 55384 was worth $195,133.

Values peaked at $584,565 in May 2026. The latest reading is −0.3% from that peak.

As of August 2026: $582,980, +5.9% over twelve months.

Start with the typical home: $399,000. This calculation prices the home with Lotvox's affordability series as of August 2026, so it differs from the latest monthly value above ($582,980). Put 20% down and borrow $319,200 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,210 a month in principal and interest.

The median household here earns $46,860 a year, $3,905 a month. So the payment takes 56.6% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 27.7% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,168.

In December 2020, with rates at 2.68%, it was $1,402.

By August 2026, at 6.67%, it was $2,999 — +114% since December 2020, while the home's value moved +35%.

Reported values rose +199% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $385,115. So the real change is +51%, not +199%.

55384: +199% since January 2000.

Hennepin County: +161% since January 2000.

Minnesota: +178% since January 2000 — 55384 ran ahead of it by 21 points.

Against 772 Minnesota ZIP codes, 55384 sits at the 0th percentile for affordability (price vs local income).

93rd for appreciation (recent value growth); 83rd for rental yield (rent vs price).

Owning the typical home costs about $2,609 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,838 a month.

Price divided by a year's rent: 18.1. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 55347 was worth $246,071.

Values peaked at $569,719 in August 2026. The latest reading is the peak.

As of August 2026: $569,719, +3.1% over twelve months.

Start with the typical home: $569,719. Put 20% down and borrow $455,775 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $3,156 a month in principal and interest.

The median household here earns $152,850 a year, $12,738 a month. So the payment takes 24.8% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 10.7% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,473.

In December 2020, with rates at 2.68%, it was $1,456.

By August 2026, at 6.67%, it was $2,931 — +101% since December 2020, while the home's value moved +27%.

Reported values rose +132% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $485,646. So the real change is +17%, not +132%.

55347: +132% since January 2000.

Hennepin County: +161% since January 2000.

Minnesota: +178% since January 2000 — 55347 ran behind it by 47 points.

Against 772 Minnesota ZIP codes, 55347 sits at the 47th percentile for affordability (price vs local income).

36th for appreciation (recent value growth); 61st for rental yield (rent vs price).

Owning the typical home costs about $3,725 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,222 a month.

Price divided by a year's rent: 21.4. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Homes sold: about 3 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 2 — so sales ran at 150% of it, and below it in 8 of the last 24 months.

Across Hennepin County, builders pulled permits for 3,491 new homes in 2025.

Of those, 44% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 53 a month (Redfin, 3-month rolling data through August 2026). That is 68% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 98. That is 54% of the 2015–2019 level for the same months.

Going out — closed sales: about 54 a month. That is 70% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 1.8 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 0 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 54 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 62 — so sales ran at 87% of it, and below it in 23 of the last 24 months.

Across Hennepin County, builders pulled permits for 3,491 new homes in 2025.

Of those, 44% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Hennepin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 18,448 moved in. Among the ten receiving the most, 21,625 moved out.

Net across those counties: −3,177 households. Beside it, homes for sale in this ZIP: 17 in June 2026.

Most arrivals came from Ramsey, MN (5,844 households); most departures went to Ramsey, MN (6,020).

County assessor records list 73 properties with a market value here. Their average assessed market value is $327,300; the typical home value is $399,000.

The assessor average sits −18.0% from the market figure — an average against a typical value, so treat it as a check, not a verdict.

This ZIP sits in Hennepin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 18,448 moved in. Among the ten receiving the most, 21,625 moved out.

Net across those counties: −3,177 households. Beside it, homes for sale in this ZIP: 98 in June 2026.

Most arrivals came from Ramsey, MN (5,844 households); most departures went to Ramsey, MN (6,020).

County assessor records list 7,548 properties with a market value here. Their average assessed market value is $599,150; the typical home value is $569,719.

The assessor average sits +5.2% from the market figure — an average against a typical value, so treat it as a check, not a verdict.