ZIP Code · MN

ZIP 55422

Part of Golden Valley, MN

Pop. 28,452·Hennepin County·72nd most expensive ZIP in Minnesota

Median rent (all units)

$1,606/mo

Year-over-Year

+6.0%

Month-over-Month

+0.6%

vs US Median

-$326

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55422 · $1,606

More affordable than 65% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 55422 usually run 0.9% below trend in November and 0.9% above it in May, about $29 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55422 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of Minnesota

Rent in ZIP 55422 changed +6.0% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($93,914) is $2,348 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,820); a 3-bedroom is $2,410.

Cheaper nearby

ZIP 55405, 3 miles away, rents for 16% less ($1,357/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55422. 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

$19,272/yr

At $1,606/mo median

Location

CityGolden Valley

StateMN

CountyHennepin County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.0% YoY, +0.6% 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

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

$1,245 → $1,606

up 29.0%

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 $1,245 to $1,606, up 29.0% 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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About renting in ZIP 55422

Last updated: October 17, 2026

ZIP code 55422 covers Golden Valley, MN. The median rent here is $1,606/mo as of October 2026. A 1-bedroom rents for a median of $1,500/mo. A 2-bedroom rents for a median of $1,820/mo.

At 21% of local median household income ($93,914/yr), ZIP 55422 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.0% over the past year.

FAQ

Frequently asked questions

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 $64,000/year (about $31/hour full-time) to afford the median rent of $1,606/mo in ZIP 55422. The local median household income is $93,914/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55422?

Rent in ZIP 55422 has risen 6.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 55422?

Asking rents in ZIP 55422 are usually lowest in November, about 0.9% below their yearly trend, and highest in May, about 0.9% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55422 compare to other ZIPs in Minnesota?

ZIP 55422 is in the middle among Minnesota ZIP codes for rent, ranking #72 of 123 at $1,606/mo. Over the year to September 2026, rent in ZIP 55422 changed +6.0%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.