Rental numbers for Hennepin County, MN
The typical home here runs -$1,439 a month at 7.78% with 25% down. 1 of 52 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.6%.
- Gross yield
- 5.5%
- typical home, Zillow
- Median ZIP yield
- 5.6%
- 52 ZIPs with full data
- Cash flow
- -$1,439/mo
- at 7.78%, 25% down
- Typical price
- $388,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,766/mo
- Zillow ZORI, Aug 2026
ZIP codes in Hennepin County
62 with published figures
| 55454Minneapolis | $149,000 | $1,520* | 12.2% | 6.9% | +$47 | n/a |
| 55435Edina | $210,000 | $1,953 | 11.2% | 6.5% | +$13 | +4.2% |
| 55403Minneapolis | $188,000 | $1,700* | 10.9% | 5.9% | -$80 | n/a |
| 55444Brooklyn Park | $336,000 | $2,890 | 10.3% | 6.3% | -$49 | n/a |
| 55412Minneapolis | $234,000 | $1,788 | 9.2% | 4.9% | -$305 | +3.0% |
| 55411Minneapolis | $242,000 | $1,828 | 9.1% | 4.9% | -$315 | +4.6% |
| 55401Minneapolis | $291,000 | $2,026 | 8.3% | 4.3% | -$527 | +4.4% |
| 55415Minneapolis | $320,000 | $2,043 | 7.7% | 3.7% | -$744 | +4.5% |
| 55404Minneapolis | $236,000 | $1,443 | 7.3% | 3.2% | -$646 | +2.6% |
| 55413Minneapolis | $321,000 | $1,780 | 6.7% | 2.8% | -$971 | +5.8% |
| 55369Maple Grove | $393,000 | $2,126 | 6.5% | 3.0% | -$1,140 | +4.2% |
| 55408Minneapolis | $289,000 | $1,518 | 6.3% | 2.5% | -$960 | +3.6% |
| 55430Brooklyn Center | $279,000 | $1,466 | 6.3% | 2.5% | -$934 | +4.2% |
| 55425Bloomington | $325,000 | $1,697 | 6.3% | 2.7% | -$1,033 | +1.8% |
| 55445Brooklyn Park | $359,000 | $1,870 | 6.3% | 2.6% | -$1,146 | n/a |
| 55429Brooklyn Center | $300,000 | $1,550* | 6.2% | 2.4% | -$1,010 | n/a |
| 55344Eden Prairie | $347,000 | $1,743 | 6.0% | 2.6% | -$1,121 | +4.3% |
| 55422Golden Valley | $339,000 | $1,698 | 6.0% | 2.4% | -$1,148 | +4.9% |
| 55316Champlin | $373,000 | $1,862 | 6.0% | 2.5% | -$1,215 | n/a |
| 55417Minneapolis | $378,000 | $1,887 | 6.0% | 2.4% | -$1,281 | +4.7% |
| 55428New Hope | $319,000 | $1,583 | 6.0% | 2.3% | -$1,119 | +4.2% |
| 55418Minneapolis | $352,000 | $1,741 | 5.9% | 2.3% | -$1,228 | +2.5% |
| 55364Mound | $533,000 | $2,590 | 5.8% | 2.7% | -$1,688 | n/a |
| 55431Bloomington | $376,000 | $1,798 | 5.7% | 2.3% | -$1,293 | +2.5% |
| 55311Maple Grove | $495,000 | $2,358 | 5.7% | 2.5% | -$1,655 | +4.3% |
| 55426Saint Louis Park | $372,000 | $1,771 | 5.7% | 2.2% | -$1,313 | +4.6% |
| 55343Hopkins | $346,000 | $1,637 | 5.7% | 2.1% | -$1,252 | +3.5% |
| 55346Eden Prairie | $487,000 | $2,295 | 5.7% | 2.4% | -$1,664 | n/a |
| 55427New Hope | $366,000 | $1,722 | 5.7% | 2.0% | -$1,350 | +0.8% |
| 55407Minneapolis | $316,000 | $1,481 | 5.6% | 2.0% | -$1,178 | +1.6% |
| 55374Rogers | $478,000 | $2,217 | 5.6% | 2.3% | -$1,656 | n/a |
| 55416Saint Louis Park | $410,000 | $1,895 | 5.5% | 2.1% | -$1,485 | +2.7% |
| 55414Minneapolis | $340,000 | $1,513 | 5.3% | 1.8% | -$1,326 | +3.1% |
| 55443Brooklyn Park | $381,000 | $1,662 | 5.2% | 1.8% | -$1,496 | +5.2% |
| 55437Bloomington | $395,000 | $1,712 | 5.2% | 1.8% | -$1,517 | +3.0% |
| 55420Bloomington | $335,000 | $1,431 | 5.1% | 1.7% | -$1,324 | n/a |
| 55406Minneapolis | $346,000 | $1,472 | 5.1% | 1.6% | -$1,408 | +1.5% |
| 55438Bloomington | $406,000 | $1,719 | 5.1% | 1.7% | -$1,609 | +5.1% |
| 55442Plymouth | $470,000 | $1,977 | 5.1% | 1.8% | -$1,808 | +4.3% |
| 55305Minnetonka | $461,000 | $1,928 | 5.0% | 1.8% | -$1,796 | +5.4% |
| 55409Minneapolis | $378,000 | $1,566 | 5.0% | 1.5% | -$1,565 | +0.9% |
| 55410Minneapolis | $598,000 | $2,445 | 4.9% | 1.7% | -$2,377 | +3.7% |
| 55423Richfield | $347,000 | $1,387 | 4.8% | 1.4% | -$1,472 | -0.5% |
| 55447Plymouth | $497,000 | $1,940 | 4.7% | 1.6% | -$2,009 | +5.1% |
| 55347Eden Prairie | $570,000 | $2,222 | 4.7% | 1.6% | -$2,327 | +2.4% |
| 55441Plymouth | $460,000 | $1,718 | 4.5% | 1.4% | -$1,958 | +2.1% |
| 55345Minnetonka | $537,000 | $1,884 | 4.2% | 1.1% | -$2,404 | n/a |
| 55446Plymouth | $619,000 | $2,148 | 4.2% | 1.2% | -$2,717 | +5.0% |
| 55419Minneapolis | $498,000 | $1,702 | 4.1% | 0.8% | -$2,351 | n/a |
| 55375Saint Bonifacius | $451,000 | $1,520* | 4.0% | 1.0% | -$2,065 | n/a |
| 55331Shorewood | $828,000 | $2,623 | 3.8% | 1.0% | -$3,783 | +9.1% |
| 55327Dayton | $501,000 | $1,580* | 3.8% | 0.8% | -$2,374 | n/a |
| 55405Minneapolis | $467,000 | $1,397 | 3.6% | 0.3% | -$2,382 | +2.6% |
| 55439Edina | $692,000 | $2,072 | 3.6% | 0.7% | -$3,310 | n/a |
| 55340Corcoran | $685,000 | $2,040* | 3.6% | 0.7% | -$3,283 | n/a |
| 55436Edina | $638,000 | $1,849 | 3.5% | 0.6% | -$3,133 | +2.7% |
| 55357Greenfield | $527,000 | $1,520* | 3.5% | 0.4% | -$2,668 | n/a |
| 55356Orono | $811,000 | $2,190* | 3.2% | 0.6% | -$3,992 | n/a |
| 55384Spring Park | $583,000 | $1,530* | 3.1% | 0.5% | -$2,892 | n/a |
| 55424Edina | $1,045,000 | $2,717 | 3.1% | 0.5% | -$5,207 | +3.2% |
| 55391Woodland | $1,028,000 | $2,611 | 3.0% | 0.4% | -$5,223 | n/a |
| 55359Independence | $608,000 | $1,520* | 3.0% | 0.1% | -$3,222 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.5%
- Rent, 12 months
- +3.8%
- Rent minus price growth
- +2.3 pts
- Property tax
- 1.14%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $359,001 | $1,509 |
| Aug 2022 | $377,754 | $1,580 |
| Aug 2023 | $376,163 | $1,605 |
| Aug 2024 | $374,028 | $1,642 |
| Aug 2025 | $382,279 | $1,702 |
| Aug 2026 | $388,061 | $1,766 |
HUD Fair Market Rent
FY2027, Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.0
- 3,263 units, last 12 months
- National percentile
- 54th
- among US counties
Tools
Test a listing in Hennepin County against today's rate.
Open the calculatorPart of the Minneapolis, MN metro.
Questions
- Is Hennepin County good for rental property?
- The typical home here runs -$1,439 a month at 7.78% with 25% down. 1 of 52 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Hennepin County?
- About 1.14% of value, from Census ACS median taxes paid over median home value. On a $388,000 home that is about $4,424 a year.
- What is Fair Market Rent in Hennepin County?
- HUD's FY2027 Fair Market Rent here is $1,427 for a 1-bedroom, $1,734 for a 2-bedroom and $2,264 for a 3-bedroom. Typical cash flow at today's rate is -$1,439 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.