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ZIP Code · MN

ZIP 55337

Pop. 47,633·Dakota County·87th most expensive ZIP in Minnesota
Median rent (all units)
$1,504/mo
Year-over-Year
+2.9%
Month-over-Month
+2.7%
vs US Median
-$461
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55337 · $1,504
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,500
2 BR
$1,820
3 BR
$2,410
4 BR+
$2,700
Research median
$1,820/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
$18,048/yr
At $1,504/mo median
Location
StateMN
CountyDakota County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.9% YoY, +2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 55337 (Burnsville, MN) is majority owner-occupied, 38.9% of residents hold a bachelor's degree or higher.

Population
47,633
Median income
$84,110
Median age
36.9
Renters
36%
Age distribution
22.4%
24.3%
23.9%
13%
16.4%
Under 1822.4%
18–3424.3%
35–5423.9%
55–6413%
65+16.4%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
61.9%
15.1%
White61.9%
Black15.1%
Hispanic10.4%
Asian6.3%
Other6.3%
Education (25+)
20.7%
33.6%
38.9%
No HS diploma6.8%
HS diploma20.7%
Some college33.6%
Bachelor's+38.9%
Housing tenure
64%
36%
Owner64%
Renter36%

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

2021 vs 2026

How ZIP 55337 in Burnsville, MN has changed in 5 years

Rent
$1,215 → $1,504
up 23.8%
Income
$77,416 → $84,110
up 8.6%
Population
47,810 → 47,633
down 0.4%
Renter share
32.6% → 36%
+3.4 pts
Bachelor's+
37.3% → 38.9%
+1.6 pts
Median age
37.4 → 36.9
-0.5 yrs

Compared with 2021, rent in ZIP 55337 in Burnsville, MN has climbed by $289 per month, settling near $1,504 after starting the period at $1,215. On the earnings side, the typical household in ZIP 55337 in Burnsville, MN now reports about $84,110, up from $77,416 in 2021. Rent outpaced income growth by roughly 15.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 36% of households rent today, against 32.6% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 55337 in Burnsville, MN reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 55337

About renting in ZIP 55337

Last updated: July 20, 2026

ZIP code 55337 covers Burnsville, MN. The median rent here is $1,504/mo as of July 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,820/mo.

At 21% of local median household income ($84,110/yr), ZIP 55337 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55337?

As of July 20, 2026, the median monthly rent in ZIP 55337 (Burnsville, MN) is $1,504. This is based on aggregated data from public sources and community submissions.

How does ZIP 55337 rent compare to the US average?

ZIP 55337's median rent of $1,504/mo is $461 (23%) below the US national median of $1,965/mo.

How does ZIP 55337 compare to other ZIPs in Minnesota?

ZIP 55337 is among the more affordable ZIP codes in Minnesota, ranking #87 out of 123 ZIPs at $1,504/mo.

How much income do you need to rent in ZIP 55337?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,504/mo in ZIP 55337. The local median household income is $84,110/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55337?

Rent in ZIP 55337 has increased 2.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55337 an affordable place to rent?

ZIP 55337 is considered very affordable for renters. At $1,504/mo, rent takes approximately 21% of the local median household income ($84,110/yr). The standard benchmark is 30%. ZIP 55337 falls comfortably within that range.

What percentage of ZIP 55337 residents rent vs. own?

According to Census data, approximately 36% of ZIP 55337 households are renters, while 64% are owner-occupied. ZIP 55337 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55337 compare to the rest of Burnsville?

ZIP 55337 is pricier than Burnsville as a whole. At $1,504/mo, it's $18 above the Burnsville citywide median of $1,486/mo.

When was rent data for ZIP 55337 last updated?

Rent data for ZIP 55337 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,504/mo, rent takes ~21% of ZIP 55337's median household income ($84,110/yr). The standard benchmark is 30%.

ZIP 55337 21%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55337 (Burnsville, MN)

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