ZIP 55331
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 55331 changed +10.6% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($159,450) is $3,986 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,270).
ZIP 55384, 3 miles away, rents for 25% less ($1,838/mo), about $7,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 55331. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 55331 (Shorewood, MN) is majority owner-occupied, has a median income above the national average, 71.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 55331 in Shorewood, MN has changed in 5 years
Census figures show median household income at $159,450 today, compared with $144,697 five years earlier. The population has grown by 2.5% since 2021, moving from about 19,317 residents to roughly 19,805.
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Tips for renters in ZIP 55331
Last updated: October 17, 2026
ZIP code 55331 covers Shorewood, MN. The median rent here is $2,451/mo as of October 2026. A 1-bedroom rents for a median of $1,250/mo. A 2-bedroom rents for a median of $1,520/mo.
At 18% of local median household income ($159,450/yr), ZIP 55331 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.6% over the past year.
Frequently asked questions
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How does ZIP 55331 compare to other ZIPs in Minnesota?
At $2,451/mo, rent takes ~18% of ZIP 55331's median household income ($159,450/yr). The standard benchmark is 30%.
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