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Mendota Heights city, MN

ZIP 55120 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55120

Median Home Value
$484,700
Median Rent
$1,436
Affordability Snapshot
$133,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,114/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55120 in Mendota Heights city, MN, a household would need roughly $133,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,114. That is about 19% above the local median household income ($111,900), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
61.3%-6% vs US avg
x
Vacancy Rate
0.7%-93% vs US avg
x
Broadband Access
93.4%+7% vs US avg
x
4+ Bedrooms
10.8%-27% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
11.7%-77% vs US avg
x
Mortgage-Free
33.3%-13% vs US avg
x
$484,700
Home Value
$1,436
Rent
1990
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached45.4%
  • 1-unit attached20.1%
  • 2-9 units11.2%
  • 10+ units23.0%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$484,700
Median rent$1,436
Owner-occupied61.3%
Vacant0.7%
Price-to-income4.3x
Est. income to buy$133,000