ZIP 55311

55311 is one of 67 ZIP codes that lie mostly in Hennepin County, MN.

Shaded by typical home value, it ranks 15 of the 40 nearby ZIPs shown.

4 school locations in 55311: 3 elementary, 1 middle.

In alphabetical order: BASSWOOD ELEMENTARY, Minnesota Excellence in Learning Ac, RUSH CREEK ELEMENTARY, Weaver Lake Science Math & Tech Sch. Locations only — no ratings are shown here.

In January 2000 the typical home in 55311 was worth $214,283.

Values peaked at $496,718 in March 2026. The latest reading is −0.3% from that peak.

As of August 2026: $495,130, +1.6% over twelve months.

Start with the typical home: $495,130. Put 20% down and borrow $396,104 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,743 a month in principal and interest.

The median household here earns $148,122 a year, $12,344 a month. So the payment takes 22.2% 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 9.6% 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 $1,283.

In December 2020, with rates at 2.68%, it was $1,314.

By August 2026, at 6.67%, it was $2,547 — +94% since December 2020, while the home's value moved +22%.

Reported values rose +131% 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 $422,910. So the real change is +17%, not +131%.

55311: +131% since January 2000.

Hennepin County: +161% since January 2000.

Minnesota: +178% since January 2000 — 55311 ran behind it by 47 points.

Against 772 Minnesota ZIP codes, 55311 sits at the 67th percentile for affordability (price vs local income).

14th for appreciation (recent value growth); 83rd for rental yield (rent vs price).

Owning the typical home costs about $3,238 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,358 a month.

Price divided by a year's rent: 17.5. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

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 70 a month (Redfin, 3-month rolling data through August 2026). That is 71% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 127. That is 63% of the 2015–2019 level for the same months.

Going out — closed sales: about 62 a month. That is 63% of the 2015–2019 level for the same months. The drain is drawn 1% narrower: the share of homes for sale that sell each month is 99% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.0 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 8 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 62 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 75 — so sales ran at 83% of it, and below it in 21 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: 127 in June 2026.

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

County assessor records list 9,119 properties with a market value here. Their average assessed market value is $548,700; the typical home value is $495,130.

The assessor average sits +10.8% from the market figure — an average against a typical value, so treat it as a check, not a verdict.