ZIP Code · MN

ZIP 55379

Part of Shakopee, MN

Pop. 50,041·Scott County·50th most expensive ZIP in Minnesota

Median rent (all units)

$1,763/mo

Year-over-Year

+2.6%

Month-over-Month

+0.1%

vs US Median

-$169

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55379 · $1,763

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,350

1 BR

$1,530

2 BR

$1,860

3 BR

$2,460

4 BR+

$2,750

Research median

$1,860/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

Cheapest month to sign

December. Asking rents in ZIP 55379 usually run 2% below trend in December and 1.7% above it in July, about $65 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 55379 is at its highest level since Zillow's records here began in March 2020.

Past year vs. the rest of Minnesota

Rent in ZIP 55379 changed +2.6% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Since before the pandemic

Rent in ZIP 55379 is 32% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($106,312) is $2,658 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,460); a 4-bedroom is $2,750.

From Zillow's monthly rent index (ZORI) for ZIP 55379. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,156/yr

At $1,763/mo median

Location

CityShakopee

StateMN

CountyScott County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.6% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 55379 (Shakopee, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 40.1% of residents hold a bachelor's degree or higher.

Population

50,041

Median income

$106,312

Median age

36.8

Renters

25.3%

Age distribution

25.7%

21.7%

31.6%

Under 1825.7%

18–3421.7%

35–5431.6%

55–6410.1%

65+10.9%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

65.4%

White65.4%

Black9.5%

Hispanic10.1%

Asian11.6%

Other3.4%

Education (25+)

22.8%

28.3%

40.1%

No HS diploma8.8%

HS diploma22.8%

Some college28.3%

Bachelor's+40.1%

Housing tenure

74.7%

25.3%

Owner74.7%

Renter25.3%

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

2021 vs 2026

How ZIP 55379 in Shakopee, MN has changed in 5 years

Rent

$1,382 → $1,763

up 27.6%

Income

$95,602 → $106,312

up 11.2%

Population

47,662 → 50,041

up 5.0%

Renter share

25.6% → 25.3%

-0.3 pts

Bachelor's+

37.7% → 40.1%

+2.4 pts

Median age

35 → 36.8

+1.8 yrs

Since 2021, the typical rent in ZIP 55379 in Shakopee, MN has increased from $1,382 to $1,763, a 27.6% change over five years. Census figures show median household income at $106,312 today, compared with $95,602 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.0% since 2021, moving from about 47,662 residents to roughly 50,041. College-educated residents now make up 40.1% of adults here, versus 37.7% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 55379

Last updated: October 17, 2026

ZIP code 55379 covers Shakopee, MN. The median rent here is $1,763/mo as of October 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,860/mo.

At 20% of local median household income ($106,312/yr), ZIP 55379 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55379?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,763/mo in ZIP 55379. The local median household income is $106,312/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55379?

Rent in ZIP 55379 has risen 2.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2020.

When is the cheapest time to rent in ZIP 55379?

Asking rents in ZIP 55379 are usually lowest in December, about 2% below their yearly trend, and highest in July, about 1.7% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 55379 compare to other ZIPs in Minnesota?

ZIP 55379 is in the middle among Minnesota ZIP codes for rent, ranking #50 of 123 at $1,763/mo. Over the year to September 2026, rent in ZIP 55379 changed +2.6%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.