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ZIP Code 55340

Hennepin, Minnesota

ZCTA 55340

Juniper

ZIP Code 55340 is in the 98th percentile nationally for median income. It also sits in the highest 13% nationally for typical home value. And it sits in the lowest 14% nationally for home price growth over five years.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$677,793

Higher than 87% of U.S. ZIP codes
Home Price Growth, Past Five Years

37%

Lower than 86% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

69.1

Near the U.S. ZIP codes median

The boundary of ZIP Code 55340, in Hennepin, Minnesota.

The basics

Total Population

10,183

Median Age

39.4

Population Density

285.88

Home values & property tax

Median Property Tax

$6,782

Property Tax Rateyearly tax as a share of home value

1.1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.58×

Higher than 63% of U.S. ZIP codes
Median Income

$178,553

Higher than 98% of U.S. ZIP codes
Median Rent

$1,452

Higher than 76% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

2.8%

Lower than 56% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

29%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

27%

Climate & weather

Summer Avg High (°F)

80.2

Winter Avg Low (°F)

7.5

Avg Temperature (°F)

44.5

Hot Days/yr (>90°F)

7.5

Freezing Days/yr (<32°F)

165.8

Annual Precipitation (in)

32.2

Annual Snowfall (in)

45.1

Flood & disaster risk

FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

69.1

Near the U.S. ZIP codes median

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 55340: frequently asked questions

What is the typical home value in ZIP Code 55340?
The estimated median home value in ZIP Code 55340 today is $677,793, higher than 87% of U.S. ZIP codes.
How much is property tax in ZIP Code 55340?
The median annual property tax in ZIP Code 55340 is $6,782, an effective rate of 1.1% of home value.
Is ZIP Code 55340 expensive to live in?
Homes in ZIP Code 55340 cost about 3.58× the median household income, higher than 63% of U.S. ZIP codes.
What is the average rent in ZIP Code 55340?
The median gross rent in ZIP Code 55340 is $1,452 a month, higher than 76% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 55340?
Home prices in ZIP Code 55340 have moved 37% over the past five years (2.8% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 55340?
ZIP Code 55340 has a population of 10,183, about 285.88 people per square mile, per the U.S. Census American Community Survey. The median age is 39.4.
What is the weather like in ZIP Code 55340?
ZIP Code 55340 averages 44.5°F year-round, summer highs near 80.2°F, winter lows around 7.5°F (NOAA 1991–2020 normals). It sees about 45.1 inches of snow a year.
Is ZIP Code 55340 at risk of flooding or natural disasters?
ZIP Code 55340's FEMA National Risk Index score is 69.1 (near the U.S. ZIP codes median). Its greatest modeled natural hazard is inland flooding.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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