ZIP 55346

55346 is one of 67 ZIP codes that lie mostly in Hennepin County, MN.

Shaded by typical home value, it ranks 15 of the 39 nearby ZIPs shown.

6 school locations in 55346: 2 elementary, 4 high.

In alphabetical order: ALC EDEN PRAIRIE HS-IS, ALC - Eden Prairie HS - IS EY, Eden Prairie HS ALC, FOREST HILLS ELEMENTARY, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 55346 was worth $188,949.

Values peaked at $487,245 in August 2026. The latest reading is the peak.

As of August 2026: $487,245, +2.7% over twelve months.

Start with the typical home: $487,245. Put 20% down and borrow $389,796 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,699 a month in principal and interest.

The median household here earns $137,125 a year, $11,427 a month. So the payment takes 23.6% 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 9.2% 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 $1,131.

In December 2020, with rates at 2.68%, it was $1,255.

By August 2026, at 6.67%, it was $2,507 — +100% since December 2020, while the home's value moved +26%.

Reported values rose +158% 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 $372,910. So the real change is +31%, not +158%.

55346: +158% since January 2000.

Hennepin County: +161% since January 2000.

Minnesota: +178% since January 2000 — 55346 ran behind it by 20 points.

Against 772 Minnesota ZIP codes, 55346 sits at the 57th percentile for affordability (price vs local income).

29th for appreciation (recent value growth); 65th for rental yield (rent vs price).

Owning the typical home costs about $3,186 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,295 a month.

Price divided by a year's rent: 17.7. 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 31 a month (Redfin, 3-month rolling data through August 2026). That is 96% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 44.

Going out — closed sales: about 21 a month. That is 66% of the 2015–2019 level for the same months. The drain is drawn 18% narrower: the share of homes for sale that sell each month is 82% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.1 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 10 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 21 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 28 — so sales ran at 75% 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: 44 in June 2026.

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

County assessor records list 4,682 properties with a market value here. Their average assessed market value is $472,450; the typical home value is $487,245.

The assessor average sits −3.0% from the market figure — an average against a typical value, so treat it as a check, not a verdict.