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Burnsville city, MN

ZIP 55306 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55306

Median Home Value
$366,300
Median Rent
$1,462
Affordability Snapshot
$101,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,353/mo PITI).

18%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

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

20.9 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 55306 in Burnsville city, MN, a household would need roughly $101,000 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 $2,353. That is roughly in line with the local median household income ($98,012). 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
66.1%+1% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
92.7%+7% vs US avg
x
4+ Bedrooms
8.0%-46% vs US avg
x
Built Pre-1939
1.9%-86% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
17.6%-65% vs US avg
x
Mortgage-Free
37.1%-3% vs US avg
x
$366,300
Home Value
$1,462
Rent
1988
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 detached44.2%
  • 1-unit attached12.0%
  • 2-9 units5.2%
  • 10+ units30.8%
  • Mobile home & other7.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$366,300
Median rent$1,462
Owner-occupied66.1%
Vacant7.7%
Price-to-income3.7x
Est. income to buy$101,000