ZIP Code · MN

ZIP 55077

Part of Inver Grove Heights, MN

Pop. 14,503·Dakota County·38th most expensive ZIP in Minnesota

Median rent (all units)

$1,842/mo

Year-over-Year

+2.6%

Month-over-Month

-0.4%

vs US Median

-$90

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55077 · $1,842

More expensive than 52% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,280

1 BR

$1,450

2 BR

$1,760

3 BR

$2,330

4 BR+

$2,610

Research median

$1,760/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 55077 is 0.4% below its high of $1,849 in August 2026, at $1,842 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55077 changed +2.6% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($111,967) is $2,799 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,610).

Cheaper nearby

ZIP 55121, 5 miles away, rents for 19% less ($1,496/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55077. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,104/yr

At $1,842/mo median

Location

CityInver Grove Heights

StateMN

CountyDakota County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.6% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 55077 (Inver Grove Heights, MN) is majority owner-occupied, has a median income above the national average, 50.5% of residents hold a bachelor's degree or higher.

Population

14,503

Median income

$111,967

Median age

38.6

Renters

38.6%

Age distribution

24.5%

18.4%

29.8%

14.6%

12.7%

Under 1824.5%

18–3418.4%

35–5429.8%

55–6414.6%

65+12.7%

Gender

51.1%

48.9%

Male51.1%

Female48.9%

Race & ethnicity

69.6%

White69.6%

Black8.6%

Hispanic10.9%

Asian6.4%

Other4.5%

Education (25+)

18.5%

27.5%

50.5%

No HS diploma3.5%

HS diploma18.5%

Some college27.5%

Bachelor's+50.5%

Housing tenure

61.4%

38.6%

Owner61.4%

Renter38.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 55077 in Inver Grove Heights, MN has changed in 5 years

Rent

$1,708 → $1,842

up 7.8%

Income

$92,808 → $111,967

up 20.6%

Population

13,697 → 14,503

up 5.9%

Renter share

37.4% → 38.6%

+1.2 pts

Bachelor's+

48.6% → 50.5%

+1.9 pts

Median age

38.1 → 38.6

+0.5 yrs

Five years ago, renters in ZIP 55077 in Inver Grove Heights, MN paid around $1,708 a month. That figure now sits near $1,842, up 7.8% from the 2023 baseline. On the earnings side, the typical household in ZIP 55077 in Inver Grove Heights, MN now reports about $111,967, up from $92,808 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 55077 in Inver Grove Heights, MN adding about 806 residents over the five-year window, up 5.9% on net. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 55077 in Inver Grove Heights, MN reflects that arc in its own way.

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About renting in ZIP 55077

Last updated: October 17, 2026

ZIP code 55077 covers Inver Grove Heights, MN. The median rent here is $1,842/mo as of October 2026. A 1-bedroom rents for a median of $1,450/mo. A 2-bedroom rents for a median of $1,760/mo.

At 20% of local median household income ($111,967/yr), ZIP 55077 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55077?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,842/mo in ZIP 55077. The local median household income is $111,967/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55077?

Rent in ZIP 55077 has risen 2.6% over the past year as of September 2026. It sits 0.4% below its high of $1,849 in August 2026.

How does ZIP 55077 compare to other ZIPs in Minnesota?

ZIP 55077 is one of the pricier among Minnesota ZIP codes for rent, ranking #38 of 123 at $1,842/mo. Over the year to September 2026, rent in ZIP 55077 changed +2.6%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.