ZIP Code · MN

ZIP 55337

Part of Burnsville, MN

Pop. 47,633·Dakota County·88th most expensive ZIP in Minnesota

Median rent (all units)

$1,505/mo

Year-over-Year

+2.3%

Month-over-Month

+0.5%

vs US Median

-$427

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55337 · $1,505

More affordable than 73% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 55337 is at its highest level since Zillow's records here began in December 2018.

Past year vs. the rest of Minnesota

Rent in ZIP 55337 changed +2.3% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 55337 rose 20.2% while median household income rose 15.4% ($72,907 to $84,110). Rent outpaced income.

Since before the pandemic

Rent in ZIP 55337 is 22.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($84,110) is $2,103 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,820); a 3-bedroom is $2,410.

From Zillow's monthly rent index (ZORI) for ZIP 55337. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,060/yr

At $1,505/mo median

Location

CityBurnsville

StateMN

CountyDakota County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.3% YoY, +0.5% 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

$1,265 → $1,505

up 19.0%

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 $240 per month, settling near $1,505 after starting the period at $1,265. 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 10.4 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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About renting in ZIP 55337

Last updated: October 17, 2026

ZIP code 55337 covers Burnsville, MN. The median rent here is $1,505/mo as of October 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 2.3% over the past year.

FAQ

Frequently asked questions

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 (about $29/hour full-time) to afford the median rent of $1,505/mo in ZIP 55337. The local median household income is $84,110/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55337?

Rent in ZIP 55337 has risen 2.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2018.

Has rent outpaced income in ZIP 55337?

Yes. From 2019 to 2024, rent in ZIP 55337 rose 20.2% while median household income rose 15.4%, from $72,907 to $84,110. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 55337 compare to other ZIPs in Minnesota?

ZIP 55337 is one of the more affordable among Minnesota ZIP codes for rent, ranking #88 of 123 at $1,505/mo. Over the year to September 2026, rent in ZIP 55337 changed +2.3%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.