ZIP Code 55409

In ZIP code 55409, part of Minneapolis, homes carry a median value of $378,600 while the county-level effective property tax rate sits at 1.14%. Households here earn a median of $98,305, and per-capita income reaches $59,579, so property taxes claim a meaningful but not overwhelming share of earnings. Combined with a 9.03% sales tax rate, the overall cost of living reflects the city's broader tax structure. Buyers weighing a purchase in this area should consider how the tax bill scales with home price against local incomes.