ZIP Code 55405

In ZIP 55405, on Minneapolis's western edge, a median home value of $467,700 meets a county property tax rate of 1.14%, yielding an annual bill near $5,332. With median household income at $73,053, that levy absorbs roughly 7% of a year's earnings before any mortgage payment. Per-capita income of $58,852 cushions the picture somewhat, though buyers stretching for a house here should weigh that combined sales tax of 9.03% adds cost to everyday purchases. Ownership in this ZIP demands real income, and the tax bill stays a fixed claim on it regardless of what a household earns.