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ZIP Code · MN

ZIP 55437

Pop. 18,881·Hennepin County·64th most expensive ZIP in Minnesota
Median rent (all units)
$1,662/mo
Year-over-Year
+4.3%
Month-over-Month
+0.5%
vs US Median
-$303
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 55437 · $1,662
More affordable than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,590
2 BR
$1,940
3 BR
$2,570
4 BR+
$2,870
Research median
$1,940/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
$19,944/yr
At $1,662/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.3% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 55437 (Bloomington, MN) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.4% of residents hold a bachelor's degree or higher.

Population
18,881
Median income
$95,718
Median age
46.9
Renters
31.1%
Age distribution
17.1%
17.9%
25.5%
15%
24.4%
Under 1817.1%
18–3417.9%
35–5425.5%
55–6415%
65+24.4%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
81.1%
White81.1%
Black7.7%
Hispanic3.6%
Asian3.8%
Other3.8%
Education (25+)
13.6%
28.2%
56.4%
No HS diploma1.8%
HS diploma13.6%
Some college28.2%
Bachelor's+56.4%
Housing tenure
68.9%
31.1%
Owner68.9%
Renter31.1%

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

2021 vs 2026

How ZIP 55437 in Bloomington, MN has changed in 5 years

Rent
$1,397 → $1,662
up 19.0%
Income
$88,186 → $95,718
up 8.5%
Population
19,051 → 18,881
down 0.9%
Renter share
30.4% → 31.1%
+0.7 pts
Bachelor's+
54.7% → 56.4%
+1.7 pts
Median age
47.8 → 46.9
-0.9 yrs

Rent in ZIP 55437 in Bloomington, MN has increased 19.0% since 2021, going from about $1,397 per month to roughly $1,662 today. Local incomes tracked alongside that move, going from a median of $88,186 in 2021 to $95,718 more recently. Rent outpaced income growth by roughly 10.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 55437 in Bloomington, MN market of 2021.

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Local insights

Tips for renters in ZIP 55437

About renting in ZIP 55437

Last updated: July 20, 2026

ZIP code 55437 covers Bloomington, MN. The median rent here is $1,662/mo as of July 2026. A 1-bedroom rents for a median of $1,590/mo. A 2-bedroom rents for a median of $1,940/mo.

At 21% of local median household income ($95,718/yr), ZIP 55437 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55437?

As of July 20, 2026, the median monthly rent in ZIP 55437 (Bloomington, MN) is $1,662. This is based on aggregated data from public sources and community submissions.

How does ZIP 55437 rent compare to the US average?

ZIP 55437's median rent of $1,662/mo is $303 (15%) below the US national median of $1,965/mo.

How does ZIP 55437 compare to other ZIPs in Minnesota?

ZIP 55437 falls in the middle range for Minnesota, ranking #64 out of 123 ZIPs at $1,662/mo.

How much income do you need to rent in ZIP 55437?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,662/mo in ZIP 55437. The local median household income is $95,718/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55437?

Rent in ZIP 55437 has increased 4.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55437 an affordable place to rent?

ZIP 55437 is considered very affordable for renters. At $1,662/mo, rent takes approximately 21% of the local median household income ($95,718/yr). The standard benchmark is 30%. ZIP 55437 falls comfortably within that range.

What percentage of ZIP 55437 residents rent vs. own?

According to Census data, approximately 31.1% of ZIP 55437 households are renters, while 68.9% are owner-occupied. ZIP 55437 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55437 compare to the rest of Bloomington?

ZIP 55437 is more affordable than Bloomington overall. At $1,662/mo, it's $22 below the Bloomington citywide median of $1,684/mo.

When was rent data for ZIP 55437 last updated?

Rent data for ZIP 55437 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,662/mo, rent takes ~21% of ZIP 55437's median household income ($95,718/yr). The standard benchmark is 30%.

ZIP 55437 21%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55437 (Bloomington, MN)

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