ZIP Code · MN

ZIP 55378

Part of Savage, MN

Pop. 32,162·Scott County·27th most expensive ZIP in Minnesota

Median rent (all units)

$1,934/mo

Year-over-Year

+2.1%

Month-over-Month

+0.4%

vs US Median

+$2

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55378 · $1,934

More expensive than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,480

1 BR

$1,680

2 BR

$2,040

3 BR

$2,700

4 BR+

$3,020

Research median

$2,040/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 55378 is 0.1% below its high of $1,936 in June 2026, at $1,934 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55378 changed +2.1% 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 9 of the last 12 months.

What a typical income covers

30% of the median household income ($124,871) is $3,122 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,020).

Cheaper nearby

ZIP 55306, 4 miles away, rents for 27% less ($1,420/mo), about $6,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55378. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,208/yr

At $1,934/mo median

Location

CitySavage

StateMN

CountyScott County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.1% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 55378 (Savage, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.4% of residents hold a bachelor's degree or higher.

Population

32,162

Median income

$124,871

Median age

37.4

Renters

14.5%

Age distribution

25.3%

20.9%

28.2%

13.7%

Under 1825.3%

18–3420.9%

35–5428.2%

55–6413.7%

65+12%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

73.5%

White73.5%

Black10.1%

Hispanic5.1%

Asian6.4%

Other4.9%

Education (25+)

16%

27.1%

53.4%

No HS diploma3.5%

HS diploma16%

Some college27.1%

Bachelor's+53.4%

Housing tenure

85.5%

14.5%

Owner85.5%

Renter14.5%

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

2022 vs 2026

How ZIP 55378 in Savage, MN has changed in 5 years

Rent

$1,694 → $1,934

up 14.2%

Income

$115,456 → $124,871

up 8.2%

Population

31,701 → 32,162

up 1.5%

Renter share

16% → 14.5%

-1.5 pts

Bachelor's+

51% → 53.4%

+2.4 pts

Compared with 2022, rent in ZIP 55378 in Savage, MN has increased by $240 per month, settling near $1,934 after starting the period at $1,694. Local incomes tracked alongside that move, going from a median of $115,456 in 2021 to $124,871 more recently. Rent outpaced income growth by roughly 6.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 31,701 to 32,162 between 2021 and 2024, a 1.5% change. About 14.5% of households rent today, against 16% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 51% to 53.4%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 55378 in Savage, MN market of 2022.

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About renting in ZIP 55378

Last updated: October 17, 2026

ZIP code 55378 covers Savage, MN. The median rent here is $1,934/mo as of October 2026. A 1-bedroom rents for a median of $1,680/mo. A 2-bedroom rents for a median of $2,040/mo.

At 19% of local median household income ($124,871/yr), ZIP 55378 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55378?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,934/mo in ZIP 55378. The local median household income is $124,871/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55378?

Rent in ZIP 55378 has risen 2.1% over the past year as of September 2026. It sits 0.1% below its high of $1,936 in June 2026.

How does ZIP 55378 compare to other ZIPs in Minnesota?

ZIP 55378 is one of the pricier among Minnesota ZIP codes for rent, ranking #27 of 123 at $1,934/mo. Over the year to September 2026, rent in ZIP 55378 changed +2.1%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.