ZIP Code · MN

ZIP 55303

Part of Ramsey, MN

Pop. 52,614·Anoka County·70th most expensive ZIP in Minnesota

Median rent (all units)

$1,632/mo

Year-over-Year

+4.8%

Month-over-Month

Stable

vs US Median

-$300

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55303 · $1,632

More affordable than 63% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,200

1 BR

$1,360

2 BR

$1,650

3 BR

$2,180

4 BR+

$2,440

Research median

$1,650/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

Cheapest month to sign

November. Asking rents in ZIP 55303 usually run 0.5% below trend in November and 0.4% above it in April, about $15 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55303 is 0.1% below its high of $1,633 in August 2026, at $1,632 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55303 changed +4.7% 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 ($102,986) is $2,575 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,440).

From Zillow's monthly rent index (ZORI) for ZIP 55303. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,584/yr

At $1,632/mo median

Location

CityRamsey

StateMN

CountyAnoka County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.8% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 55303 (Ramsey, MN) is majority owner-occupied, has a median income above the national average, 31.6% of residents hold a bachelor's degree or higher.

Population

52,614

Median income

$102,986

Median age

39.2

Renters

24.2%

Age distribution

24.5%

18.8%

25.7%

13.8%

17.2%

Under 1824.5%

18–3418.8%

35–5425.7%

55–6413.8%

65+17.2%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

81.4%

White81.4%

Black6.8%

Hispanic3.7%

Asian3.8%

Other4.4%

Education (25+)

27.8%

36.5%

31.6%

No HS diploma4.1%

HS diploma27.8%

Some college36.5%

Bachelor's+31.6%

Housing tenure

75.8%

24.2%

Owner75.8%

Renter24.2%

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

2021 vs 2026

How ZIP 55303 in Ramsey, MN has changed in 5 years

Rent

$1,267 → $1,632

up 28.8%

Income

$92,205 → $102,986

up 11.7%

Population

51,398 → 52,614

up 2.4%

Renter share

24.7% → 24.2%

-0.5 pts

Bachelor's+

31.3% → 31.6%

+0.3 pts

Median age

37.7 → 39.2

+1.5 yrs

Five years ago, renters in ZIP 55303 in Ramsey, MN paid around $1,267 a month. That figure now sits near $1,632, up 28.8% from the 2021 baseline. Median household income climbed from $92,205 to $102,986 between 2021 and 2024, a 11.7% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 55303 in Ramsey, MN adding about 1,216 residents over the five-year window, up 2.4% on net. Taken together, the five-year picture in ZIP 55303 in Ramsey, MN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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About renting in ZIP 55303

Last updated: October 17, 2026

ZIP code 55303 covers Ramsey, MN. The median rent here is $1,632/mo as of October 2026. A 1-bedroom rents for a median of $1,360/mo. A 2-bedroom rents for a median of $1,650/mo.

At 19% of local median household income ($102,986/yr), ZIP 55303 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55303?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,632/mo in ZIP 55303. The local median household income is $102,986/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55303?

Rent in ZIP 55303 has risen 4.8% over the past year as of September 2026. It sits 0.1% below its high of $1,633 in August 2026.

When is the cheapest time to rent in ZIP 55303?

Asking rents in ZIP 55303 are usually lowest in November, about 0.5% below their yearly trend, and highest in April, about 0.4% above it. At today's median that is a gap of roughly $15 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55303 compare to other ZIPs in Minnesota?

ZIP 55303 is in the middle among Minnesota ZIP codes for rent, ranking #70 of 123 at $1,632/mo. Over the year to September 2026, rent in ZIP 55303 changed +4.7%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.