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ZIP Code · MN

ZIP 55422

Pop. 28,452·Hennepin County·47th most expensive ZIP in Minnesota
Median rent (all units)
$1,785/mo
Year-over-Year
+17.8%
Month-over-Month
-2.6%
vs US Median
-$180
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55422 · $1,785
More affordable than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,500
2 BR
$1,820
3 BR
$2,410
4 BR+
$2,700
Research median
$1,820/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
$21,420/yr
At $1,785/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.8% YoY, -2.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55422 (Golden Valley, MN) is majority owner-occupied, has a median income above the national average, 45.5% of residents hold a bachelor's degree or higher.

Population
28,452
Median income
$93,914
Median age
40
Renters
25.9%
Age distribution
20.7%
22.5%
26.2%
19.1%
Under 1820.7%
18–3422.5%
35–5426.2%
55–6411.5%
65+19.1%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
68.1%
13%
White68.1%
Black13%
Hispanic10.6%
Asian2.7%
Other5.5%
Education (25+)
18.1%
30.5%
45.5%
No HS diploma5.9%
HS diploma18.1%
Some college30.5%
Bachelor's+45.5%
Housing tenure
74.1%
25.9%
Owner74.1%
Renter25.9%

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

2021 vs 2026

How ZIP 55422 in Golden Valley, MN has changed in 5 years

Rent
$1,323 → $1,785
up 34.9%
Income
$80,400 → $93,914
up 16.8%
Population
28,953 → 28,452
down 1.7%
Renter share
27% → 25.9%
-1.1 pts
Bachelor's+
45.7% → 45.5%
-0.2 pts

Across the past five years, the going rent in ZIP 55422 in Golden Valley, MN has shifted from $1,323 to $1,785, up 34.9% since 2021. Median household income climbed from $80,400 to $93,914 between 2021 and 2024, a 16.8% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 55422 in Golden Valley, MN losing about 501 residents over the five-year window, down 1.7% on net. Taken together, the five-year picture in ZIP 55422 in Golden Valley, MN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

Tips for renters in ZIP 55422

About renting in ZIP 55422

Last updated: July 20, 2026

ZIP code 55422 covers Golden Valley, MN. The median rent here is $1,785/mo as of July 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,820/mo.

At 23% of local median household income ($93,914/yr), ZIP 55422 ranks as affordable compared to the national benchmark of 30%. Rents have increased 17.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55422?

As of July 20, 2026, the median monthly rent in ZIP 55422 (Golden Valley, MN) is $1,785. This is based on aggregated data from public sources and community submissions.

How does ZIP 55422 rent compare to the US average?

ZIP 55422's median rent of $1,785/mo is $180 (9%) below the US national median of $1,965/mo.

How does ZIP 55422 compare to other ZIPs in Minnesota?

ZIP 55422 falls in the middle range for Minnesota, ranking #47 out of 123 ZIPs at $1,785/mo.

How much income do you need to rent in ZIP 55422?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,785/mo in ZIP 55422. The local median household income is $93,914/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55422?

Rent in ZIP 55422 has increased 17.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55422 an affordable place to rent?

ZIP 55422 is considered very affordable for renters. At $1,785/mo, rent takes approximately 23% of the local median household income ($93,914/yr). The standard benchmark is 30%. ZIP 55422 falls comfortably within that range.

What percentage of ZIP 55422 residents rent vs. own?

According to Census data, approximately 25.9% of ZIP 55422 households are renters, while 74.1% are owner-occupied. ZIP 55422 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55422 compare to the rest of Golden Valley?

ZIP 55422 is more affordable than Golden Valley overall. At $1,785/mo, it's $216 below the Golden Valley citywide median of $2,001/mo.

When was rent data for ZIP 55422 last updated?

Rent data for ZIP 55422 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,785/mo, rent takes ~23% of ZIP 55422's median household income ($93,914/yr). The standard benchmark is 30%.

ZIP 55422 23%Benchmark 30%
State income tax5.35–9.85%
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