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ZIP Code · MN

ZIP 55123

Part of Eagan, MN
Pop. 26,501·Dakota County·57th most expensive ZIP in Minnesota
Median rent (all units)
$1,710/mo
Year-over-Year
+7.3%
Month-over-Month
+0.7%
vs US Median
-$255
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55123 · $1,710
More affordable than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,380
1 BR
$1,560
2 BR
$1,900
3 BR
$2,510
4 BR+
$2,810
Research median
$1,900/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
$20,520/yr
At $1,710/mo median
Location
CityEagan
StateMN
CountyDakota County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.3% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 55123 (Eagan, MN) is majority owner-occupied, has a median income above the national average, 65.4% of residents hold a bachelor's degree or higher.

Population
26,501
Median income
$139,215
Median age
40.7
Renters
22.1%
Age distribution
24.2%
17.4%
26.6%
17.4%
14.4%
Under 1824.2%
18–3417.4%
35–5426.6%
55–6417.4%
65+14.4%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
76.7%
White76.7%
Black4.8%
Hispanic6.8%
Asian8.9%
Other2.8%
Education (25+)
24.1%
65.4%
No HS diploma2.2%
HS diploma8.3%
Some college24.1%
Bachelor's+65.4%
Housing tenure
77.9%
22.1%
Owner77.9%
Renter22.1%

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

2021 vs 2026

How ZIP 55123 in Eagan, MN has changed in 5 years

Income
$123,393 → $139,215
up 12.8%
Population
27,555 → 26,501
down 3.8%
Renter share
19.1% → 22.1%
+3.0 pts
Bachelor's+
63.1% → 65.4%
+2.3 pts
Median age
39.6 → 40.7
+1.1 yrs

Local incomes tracked alongside that move, going from a median of $123,393 in 2021 to $139,215 more recently. Headcount in the area went from 27,555 to 26,501 between 2021 and 2024, a 3.8% change. About 22.1% of households rent today, against 19.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.1% to 65.4%.

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Local insights

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About renting in ZIP 55123

Last updated: July 20, 2026

ZIP code 55123 covers Eagan, MN. The median rent here is $1,710/mo as of July 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,900/mo.

At 15% of local median household income ($139,215/yr), ZIP 55123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55123?

As of July 20, 2026, the median monthly rent in ZIP 55123 (Eagan, MN) is $1,710. This is based on aggregated data from public sources and community submissions.

How does ZIP 55123 rent compare to the US average?

ZIP 55123's median rent of $1,710/mo is $255 (13%) below the US national median of $1,965/mo.

How does ZIP 55123 compare to other ZIPs in Minnesota?

ZIP 55123 falls in the middle range for Minnesota, ranking #57 out of 123 ZIPs at $1,710/mo.

How much income do you need to rent in ZIP 55123?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,710/mo in ZIP 55123. The local median household income is $139,215/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55123?

Rent in ZIP 55123 has increased 7.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55123 an affordable place to rent?

ZIP 55123 is considered very affordable for renters. At $1,710/mo, rent takes approximately 15% of the local median household income ($139,215/yr). The standard benchmark is 30%. ZIP 55123 falls comfortably within that range.

What percentage of ZIP 55123 residents rent vs. own?

According to Census data, approximately 22.1% of ZIP 55123 households are renters, while 77.9% are owner-occupied. ZIP 55123 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55123 compare to the rest of Eagan?

ZIP 55123 is pricier than Eagan as a whole. At $1,710/mo, it's $78 above the Eagan citywide median of $1,632/mo.

When was rent data for ZIP 55123 last updated?

Rent data for ZIP 55123 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
15%
VERY AFFORDABLE

At $1,710/mo, rent takes ~15% of ZIP 55123's median household income ($139,215/yr). The standard benchmark is 30%.

ZIP 55123 15%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55123 (Eagan, MN)

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