ZIP Code · MN

ZIP 55432

Part of Fridley, MN

Pop. 33,672·Anoka County·101st most expensive ZIP in Minnesota

Median rent (all units)

$1,412/mo

Year-over-Year

+5.4%

Month-over-Month

+0.2%

vs US Median

-$520

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55432 · $1,412

More affordable than 79% 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

$1,160

1 BR

$1,310

2 BR

$1,590

3 BR

$2,100

4 BR+

$2,350

Research median

$1,590/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 55432 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Minnesota

Rent in ZIP 55432 changed +5.4% 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 3 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($79,520) is $1,988 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,590); a 3-bedroom is $2,100.

From Zillow's monthly rent index (ZORI) for ZIP 55432. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,944/yr

At $1,412/mo median

Location

CityFridley

StateMN

CountyAnoka County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.4% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 55432 (Fridley, MN) is majority owner-occupied, 28.9% of residents hold a bachelor's degree or higher.

Population

33,672

Median income

$79,520

Median age

34.9

Renters

36.2%

Age distribution

23.5%

26.7%

23.2%

14.9%

Under 1823.5%

18–3426.7%

35–5423.2%

55–6411.7%

65+14.9%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

60%

17.3%

13.8%

White60%

Black17.3%

Hispanic13.8%

Asian6.6%

Other2.3%

Education (25+)

30.7%

31.8%

28.9%

No HS diploma8.6%

HS diploma30.7%

Some college31.8%

Bachelor's+28.9%

Housing tenure

63.8%

36.2%

Owner63.8%

Renter36.2%

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

2022 vs 2026

How ZIP 55432 in Fridley, MN has changed in 5 years

Rent

$1,213 → $1,412

up 16.4%

Income

$68,480 → $79,520

up 16.1%

Population

32,529 → 33,672

up 3.5%

Renter share

36.2% → 36.2%

+0.0 pts

Bachelor's+

29.1% → 28.9%

-0.2 pts

Median age

35.8 → 34.9

-0.9 yrs

Across the past five years, the going rent in ZIP 55432 in Fridley, MN has shifted from $1,213 to $1,412, up 16.4% since 2022. Median household income climbed from $68,480 to $79,520 between 2021 and 2024, a 16.1% shift. Census counts show ZIP 55432 in Fridley, MN adding about 1,143 residents over the five-year window, up 3.5% on net. Taken together, the five-year picture in ZIP 55432 in Fridley, 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.

Community

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Local insights

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About renting in ZIP 55432

Last updated: October 17, 2026

ZIP code 55432 covers Fridley, MN. The median rent here is $1,412/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,590/mo.

At 21% of local median household income ($79,520/yr), ZIP 55432 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55432?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,412/mo in ZIP 55432. The local median household income is $79,520/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55432?

Rent in ZIP 55432 has risen 5.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 55432 compare to other ZIPs in Minnesota?

ZIP 55432 is one of the more affordable among Minnesota ZIP codes for rent, ranking #101 of 123 at $1,412/mo. Over the year to September 2026, rent in ZIP 55432 changed +5.4%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.