The 25 Most Expensive ZIP Codes In Minnesota, Revealed By Zillow Data

Introduction to Minnesota’s Most Expensive ZIP Codes

Minnesota, known for its stunning lakes and vibrant cities, is home to some of the most expensive ZIP codes in the country. This analysis delves into the top ZIP codes in Minnesota, focusing on home values and income levels. Using data from Zillow and the Census Bureau, we explore how these areas have evolved in terms of real estate growth. The insights reveal not just economic trends but also the allure of these communities, from serene lakeside views to affluent neighborhoods, making them highly desirable places to live.

Methodology Behind the Analysis

To determine Minnesota’s most expensive ZIP codes, Zillow’s Home Value Index was utilized, tracking median home values monthly. This analysis covers 718 ZIP codes, highlighting the growth from 2020 to 2025. By considering both the latest data and a 12-month average, the study provides a comprehensive view of the real estate market. Factors such as income levels and home appreciation rates were also examined to rank the ZIP codes accurately, ensuring a well-rounded understanding of each area’s economic standing.

ZIP Code 55424: Northwest Edina’s Affluent Neighborhood

55424, covering northwest Edina, tops the list as Minnesota’s most expensive ZIP code. Known for its picturesque areas like White Oaks and Sunny Slope, this region boasts high incomes, with over half of households earning $200,000 or more. The median home value here has seen a notable increase, reflecting the area’s desirability and strong economy. This ZIP code exemplifies the state’s affluent communities, where quality of life and property values are exceptionally high.

ZIP Code 55391: Wayzata and Woodland’s Lakeside Charm

Ranking second, 55391 encompasses Wayzata and Woodland, areas renowned for their proximity to Lower Lake Minnetonka. With significant home value appreciation, this ZIP code attracts high-income families, offering a blend of natural beauty and upscale living. The substantial growth in home values underscores the area’s attractiveness and the demand for properties in this picturesque setting.

ZIP Code 55331: Scenic Lake Minnetonka Communities

Third on the list, 55331 includes Excelsior, Tonka, Shorewood, and Greenwood near Lake Minnetonka. This ZIP code is prized for its scenic views and affluent households. Home values have risen steadily, driven by the area’s charm and the desire to live in such a sought-after location. The community’s appeal is evident in its consistent growth and high property values.

ZIP Codes 55356 and 55340: Orono and Corcoran’s Growing Appeal

55356, covering Orono and Long Lake, and 55340, including Corcoran and Medina, round out the top five. Both areas have seen remarkable home value increases, with over 40% growth in 55356. These regions offer a mix of rural tranquility and access to amenities, making them highly desirable. The significant appreciation in home values highlights their growing popularity and investment potential in Minnesota’s real estate market.

Conclusion: Insights into Minnesota’s Real Estate Trends

The analysis of Minnesota’s most expensive ZIP codes reveals not just economic data but also the unique appeal of each area, from lakeside living to affluent neighborhoods. As home values continue to rise, these communities remain attractive to homebuyers and investors alike. This trend underscores the dynamic nature of Minnesota’s real estate market, driven by a combination of natural beauty, economic stability, and desirability.