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ZIP Code · MN

ZIP 55347

Pop. 30,429·Hennepin County·12th most expensive ZIP in Minnesota
Median rent (all units)
$2,084/mo
Year-over-Year
+11.5%
Month-over-Month
-3.2%
vs US Median
+$122
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55347 · $2,084
More expensive than 65% of US ZIP codes · National median $1,962/mo
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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: August 17, 2026

Annual cost
$25,008/yr
At $2,084/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (11.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+11.5% YoY, -3.2% 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

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Local insights

Tips for renters in ZIP 55347

About renting in ZIP 55347

Last updated: August 17, 2026

ZIP code 55347 covers Eden Prairie, MN. The median rent here is $2,084/mo as of August 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,370/mo.

At 16% of local median household income ($155,430/yr), ZIP 55347 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55347?

As of August 17, 2026, the median monthly rent in ZIP 55347 (Eden Prairie, MN) is $2,084. This is based on aggregated data from public sources and community submissions.

How does ZIP 55347 rent compare to the US average?

ZIP 55347's median rent of $2,084/mo is $122 (6%) above the US national median of $1,962/mo.

How does ZIP 55347 compare to other ZIPs in Minnesota?

ZIP 55347 is one of the pricier ZIP codes in Minnesota, ranking #12 out of 120 ZIPs tracked at $2,084/mo.

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 $83,000/year (~$40/hour full-time) to afford the median rent of $2,084/mo in ZIP 55347. The local median household income is $155,430/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55347?

Rent in ZIP 55347 has increased 11.5% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 55347 an affordable place to rent?

ZIP 55347 is considered very affordable for renters. At $2,084/mo, rent takes approximately 16% of the local median household income ($155,430/yr). The standard benchmark is 30%. ZIP 55347 falls comfortably within that range.

What percentage of ZIP 55347 residents rent vs. own?

According to Census data, approximately 8.3% of ZIP 55347 households are renters, while 91.7% are owner-occupied. ZIP 55347 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55347 compare to the rest of Eden Prairie?

ZIP 55347 is pricier than Eden Prairie as a whole. At $2,084/mo, it's $302 above the Eden Prairie citywide median of $1,782/mo.

When was rent data for ZIP 55347 last updated?

Rent data for ZIP 55347 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $2,084/mo, rent takes ~16% of ZIP 55347's median household income ($155,430/yr). The standard benchmark is 30%.

ZIP 55347 16%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55347 (Eden Prairie, MN)

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