ZIP Code · MN

ZIP 55347

Part of Eden Prairie, MN

Pop. 30,429·Hennepin County·8th most expensive ZIP in Minnesota

Median rent (all units)

$2,183/mo

Year-over-Year

+0.3%

Month-over-Month

-0.6%

vs US Median

+$251

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 55347 · $2,183

More expensive than 70% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,720

1 BR

$1,950

2 BR

$2,370

3 BR

$3,140

4 BR+

$3,510

Research median

$2,370/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

Past year vs. the rest of Minnesota

Rent in ZIP 55347 changed +0.3% 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 ($155,430) is $3,886 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,510).

Cheaper nearby

ZIP 55344, 3 miles away, rents for 19% less ($1,767/mo), about $5,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55347. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,196/yr

At $2,183/mo median

Location

CityEden Prairie

StateMN

CountyHennepin 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 (+0.3% YoY, -0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 55347 (Eden Prairie, MN) is majority owner-occupied, has a median income above the national average, 67.9% of residents hold a bachelor's degree or higher.

Population

30,429

Median income

$155,430

Median age

43.4

Renters

8.3%

Age distribution

24.3%

14.3%

28.8%

17%

15.7%

Under 1824.3%

18–3414.3%

35–5428.8%

55–6417%

65+15.7%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

71.6%

13.9%

White71.6%

Black3%

Hispanic5.5%

Asian13.9%

Other6.1%

Education (25+)

19.7%

67.9%

No HS diploma3.4%

HS diploma9%

Some college19.7%

Bachelor's+67.9%

Housing tenure

91.7%

Owner91.7%

Renter8.3%

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

2021 vs 2026

How ZIP 55347 in Eden Prairie, MN has changed in 5 years

Income

$148,322 → $155,430

up 4.8%

Population

30,833 → 30,429

down 1.3%

Renter share

8.6% → 8.3%

-0.3 pts

Bachelor's+

69.8% → 67.9%

-1.9 pts

Median age

42.3 → 43.4

+1.1 yrs

Local incomes tracked alongside that move, going from a median of $148,322 in 2021 to $155,430 more recently. The population has contracted by 1.3% since 2021, moving from about 30,833 residents to roughly 30,429.

Community

Discussions about ZIP 55347

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Local insights

Tips for renters in ZIP 55347

About renting in ZIP 55347

Last updated: October 17, 2026

ZIP code 55347 covers Eden Prairie, MN. The median rent here is $2,183/mo as of October 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,370/mo.

At 17% of local median household income ($155,430/yr), ZIP 55347 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55347?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (about $42/hour full-time) to afford the median rent of $2,183/mo in ZIP 55347. The local median household income is $155,430/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55347?

Rent in ZIP 55347 has been roughly flat over the past year, a +0.3% change.

How does ZIP 55347 compare to other ZIPs in Minnesota?

ZIP 55347 is one of the pricier among Minnesota ZIP codes for rent, ranking #8 of 123 at $2,183/mo. Over the year to September 2026, rent in ZIP 55347 changed +0.3%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.