ZIP Code · MN

ZIP 55330

Part of Elk River, MN

Pop. 45,721·Sherburne County·20th most expensive ZIP in Minnesota

Median rent (all units)

$1,995/mo

Year-over-Year

Stable

Month-over-Month

+1.0%

vs US Median

+$63

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55330 · $1,995

More expensive than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,160

1 BR

$1,320

2 BR

$1,600

3 BR

$2,120

4 BR+

$2,370

Research median

$1,600/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

What a typical income covers

30% of the median household income ($115,761) is $2,894 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,370).

Cheaper nearby

ZIP 55303, 7 miles away, rents for 18% less ($1,632/mo), about $4,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55330. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,940/yr

At $1,995/mo median

Location

CityElk River

StateMN

CountySherburne County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 55330 (Elk River, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 34.9% of residents hold a bachelor's degree or higher.

Population

45,721

Median income

$115,761

Median age

37.7

Renters

15.8%

Age distribution

25.3%

20.7%

28.1%

12.8%

13%

Under 1825.3%

18–3420.7%

35–5428.1%

55–6412.8%

65+13%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

86%

White86%

Black4%

Hispanic3.2%

Asian1.9%

Other4.9%

Education (25+)

24.3%

34.6%

34.9%

No HS diploma6.3%

HS diploma24.3%

Some college34.6%

Bachelor's+34.9%

Housing tenure

84.2%

15.8%

Owner84.2%

Renter15.8%

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

2021 vs 2026

How ZIP 55330 in Elk River, MN has changed in 5 years

Income

$98,676 → $115,761

up 17.3%

Population

43,549 → 45,721

up 5.0%

Renter share

14.5% → 15.8%

+1.3 pts

Bachelor's+

29.9% → 34.9%

+5.0 pts

Median age

36.7 → 37.7

+1.0 yrs

Census figures show median household income at $115,761 today, compared with $98,676 five years earlier. The population has grown by 5.0% since 2021, moving from about 43,549 residents to roughly 45,721. College-educated residents now make up 34.9% of adults here, versus 29.9% in 2021.

Community

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Local insights

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About renting in ZIP 55330

Last updated: October 17, 2026

ZIP code 55330 covers Elk River, MN. The median rent here is $1,995/mo as of October 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,600/mo.

At 21% of local median household income ($115,761/yr), ZIP 55330 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55330?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $1,995/mo in ZIP 55330. The local median household income is $115,761/yr, so the typical household meets that bar.