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ZIP Code · MN

ZIP 55391

Part of Woodland, MN
Pop. 15,502·Hennepin County·20th most expensive ZIP in Minnesota
Median rent (all units)
$1,988/mo
Year-over-Year
Stable
Month-over-Month
-6.0%
vs US Median
+$23
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55391 · $1,988
More expensive than 60% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,420
1 BR
$1,600
2 BR
$1,950
3 BR
$2,580
4 BR+
$2,890
Research median
$1,950/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: July 20, 2026

Annual cost
$23,856/yr
At $1,988/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.0% MoM), not inventory.
Demographics

Who lives here

ZIP 55391 (Woodland, MN) is majority owner-occupied, has a large retiree population, has a median income above the national average, 73.9% of residents hold a bachelor's degree or higher.

Population
15,502
Median income
$174,301
Median age
50.2
Renters
18.2%
Age distribution
22.2%
25.4%
16.9%
26%
Under 1822.2%
18–349.5%
35–5425.4%
55–6416.9%
65+26%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
88.9%
White88.9%
Hispanic2.4%
Asian5%
Other3.3%
Education (25+)
16.8%
73.9%
No HS diploma1%
HS diploma8.3%
Some college16.8%
Bachelor's+73.9%
Housing tenure
81.8%
18.2%
Owner81.8%
Renter18.2%

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

2021 vs 2026

How ZIP 55391 in Woodland, MN has changed in 5 years

Income
$131,068 → $174,301
up 33.0%
Population
15,621 → 15,502
down 0.8%
Renter share
20.3% → 18.2%
-2.1 pts
Bachelor's+
69.2% → 73.9%
+4.7 pts

On the earnings side, the typical household in ZIP 55391 in Woodland, MN now reports about $174,301, up from $131,068 in 2021. About 18.2% of households rent today, against 20.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 69.2% to 73.9%.

Community

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Local insights

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About renting in ZIP 55391

Last updated: July 20, 2026

ZIP code 55391 covers Woodland, MN. The median rent here is $1,988/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,950/mo.

At 14% of local median household income ($174,301/yr), ZIP 55391 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55391?

As of July 20, 2026, the median monthly rent in ZIP 55391 (Woodland, MN) is $1,988. This is based on aggregated data from public sources and community submissions.

How does ZIP 55391 rent compare to the US average?

ZIP 55391's median rent of $1,988/mo is $23 (1%) above the US national median of $1,965/mo.

How does ZIP 55391 compare to other ZIPs in Minnesota?

ZIP 55391 is one of the pricier ZIP codes in Minnesota, ranking #20 out of 123 ZIPs tracked at $1,988/mo.

How much income do you need to rent in ZIP 55391?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,988/mo in ZIP 55391. The local median household income is $174,301/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55391?

Rent in ZIP 55391 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 55391 an affordable place to rent?

ZIP 55391 is considered very affordable for renters. At $1,988/mo, rent takes approximately 14% of the local median household income ($174,301/yr). The standard benchmark is 30%. ZIP 55391 falls comfortably within that range.

What percentage of ZIP 55391 residents rent vs. own?

According to Census data, approximately 18.2% of ZIP 55391 households are renters, while 81.8% are owner-occupied. ZIP 55391 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 55391 last updated?

Rent data for ZIP 55391 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
14%
VERY AFFORDABLE

At $1,988/mo, rent takes ~14% of ZIP 55391's median household income ($174,301/yr). The standard benchmark is 30%.

ZIP 55391 14%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55391 (Woodland, MN)

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