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ZIP Code · MN

ZIP 55077

Pop. 14,503·Dakota County·38th most expensive ZIP in Minnesota
Median rent (all units)
$1,874/mo
Year-over-Year
-3.2%
Month-over-Month
+5.9%
vs US Median
-$91
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55077 · $1,874
More expensive than 53% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$22,488/yr
At $1,874/mo median
Location
StateMN
CountyDakota County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-3.2% YoY, +5.9% 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

2021 vs 2026

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

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

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. Census counts show ZIP 55077 in Inver Grove Heights, MN adding about 806 residents over the five-year window, up 5.9% on net.

Community

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Local insights

Tips for renters in ZIP 55077

About renting in ZIP 55077

Last updated: July 20, 2026

ZIP code 55077 covers Inver Grove Heights, MN. The median rent here is $1,874/mo as of July 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 decreased 3.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55077?

As of July 20, 2026, the median monthly rent in ZIP 55077 (Inver Grove Heights, MN) is $1,874. This is based on aggregated data from public sources and community submissions.

How does ZIP 55077 rent compare to the US average?

ZIP 55077's median rent of $1,874/mo is $91 (5%) below the US national median of $1,965/mo.

How does ZIP 55077 compare to other ZIPs in Minnesota?

ZIP 55077 is one of the pricier ZIP codes in Minnesota, ranking #38 out of 123 ZIPs tracked at $1,874/mo.

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 $75,000/year (~$36/hour full-time) to afford the median rent of $1,874/mo in ZIP 55077. The local median household income is $111,967/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55077?

Rent in ZIP 55077 has decreased 3.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 55077 an affordable place to rent?

ZIP 55077 is considered very affordable for renters. At $1,874/mo, rent takes approximately 20% of the local median household income ($111,967/yr). The standard benchmark is 30%. ZIP 55077 falls comfortably within that range.

What percentage of ZIP 55077 residents rent vs. own?

According to Census data, approximately 38.6% of ZIP 55077 households are renters, while 61.4% are owner-occupied. ZIP 55077 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55077 compare to the rest of Inver Grove Heights?

ZIP 55077 is pricier than Inver Grove Heights as a whole. At $1,874/mo, it's $13 above the Inver Grove Heights citywide median of $1,861/mo.

When was rent data for ZIP 55077 last updated?

Rent data for ZIP 55077 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,874/mo, rent takes ~20% of ZIP 55077's median household income ($111,967/yr). The standard benchmark is 30%.

ZIP 55077 20%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55077 (Inver Grove Heights, MN)

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