ZIP Code 55313

In ZIP code 55313, near Minneapolis, homes carry a median value of $345,300, and the county-level effective property tax rate of 0.98% translates to roughly $3,384 a year in taxes on such a home. With median household income at $92,455, that bill amounts to about 3.7% of annual earnings, a share many households can absorb without straining. Per-capita income sits at $42,610. A combined sales tax rate of 7.38% applies to purchases. The relationship between earnings and housing costs here leaves room for ownership, though individual results vary with down payments, assessments, and exemptions.