ZIP Code · MN

ZIP 55306

Part of Burnsville, MN

Pop. 16,830·Dakota County·98th most expensive ZIP in Minnesota

Median rent (all units)

$1,420/mo

Year-over-Year

-1.0%

Month-over-Month

+0.3%

vs US Median

-$512

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55306 · $1,420

More affordable than 78% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,400

1 BR

$1,580

2 BR

$1,920

3 BR

$2,540

4 BR+

$2,840

Research median

$1,920/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 55306 is 1.7% below its high of $1,445 in July 2025, at $1,420 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55306 changed -1.0% 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 6 of the last 12 months.

What a typical income covers

30% of the median household income ($100,515) is $2,513 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,920); a 3-bedroom is $2,540.

From Zillow's monthly rent index (ZORI) for ZIP 55306. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,040/yr

At $1,420/mo median

Location

CityBurnsville

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 (-1.0% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 55306 (Burnsville, MN) is majority owner-occupied, has a median income above the national average, 42.2% of residents hold a bachelor's degree or higher.

Population

16,830

Median income

$100,515

Median age

36.2

Renters

33.5%

Age distribution

22.3%

24.9%

22.5%

18.3%

Under 1822.3%

18–3424.9%

35–5422.5%

55–6412%

65+18.3%

Gender

50.9%

49.1%

Male50.9%

Female49.1%

Race & ethnicity

66.6%

17.7%

White66.6%

Black8.9%

Hispanic17.7%

Asian3.4%

Other3.4%

Education (25+)

18.2%

29.2%

42.2%

No HS diploma10.4%

HS diploma18.2%

Some college29.2%

Bachelor's+42.2%

Housing tenure

66.5%

33.5%

Owner66.5%

Renter33.5%

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

2023 vs 2026

How ZIP 55306 in Burnsville, MN has changed in 5 years

Rent

$1,330 → $1,420

up 6.8%

Income

$81,818 → $100,515

up 22.9%

Population

16,116 → 16,830

up 4.4%

Renter share

31.9% → 33.5%

+1.6 pts

Bachelor's+

41.3% → 42.2%

+0.9 pts

Median age

38.8 → 36.2

-2.6 yrs

Compared with 2023, rent in ZIP 55306 in Burnsville, MN has increased by $90 per month, settling near $1,420 after starting the period at $1,330. On the earnings side, the typical household in ZIP 55306 in Burnsville, MN now reports about $100,515, up from $81,818 in 2021. Income growth outran rent by about 16.1 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 16,116 to 16,830 between 2021 and 2024, a 4.4% change. About 33.5% of households rent today, against 31.9% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 55306 in Burnsville, MN reflects that arc in its own way.

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About renting in ZIP 55306

Last updated: October 17, 2026

ZIP code 55306 covers Burnsville, MN. The median rent here is $1,420/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,920/mo.

At 17% of local median household income ($100,515/yr), ZIP 55306 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55306?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,420/mo in ZIP 55306. The local median household income is $100,515/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55306?

Rent in ZIP 55306 has fallen 1.0% over the past year as of September 2026. It sits 1.7% below its high of $1,445 in July 2025.

How does ZIP 55306 compare to other ZIPs in Minnesota?

ZIP 55306 is one of the more affordable among Minnesota ZIP codes for rent, ranking #98 of 123 at $1,420/mo. Over the year to September 2026, rent in ZIP 55306 changed -1.0%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.