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Sarah Mitchell
Compass Real Estate · ZIP 55311
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55311 ZIP Code Housing Market
$455,000median sale price
What is the 55311 housing market like right now?
The median home sale price in ZIP code 55311 is $455,000, down 11.1% year-over-year. Homes sell in an average of 25 days with 108 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 55311 ZIP code a buyer's or seller's market?
ZIP code 55311 is currently a balanced market and homes selling in about 25 days. How we determine this →
What are the latest 55311 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $455,000 |
| Median list price | $522,500 |
| Year-over-year price change | -11.1% |
| Average days on market | 25 days |
| Active inventory | 108 listings |
| Sale-to-list price ratio | 99.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 55311 zip code, located in Maple Grove, MN, is currently classified as a balanced market. The median sale price stands at $455,000, representing a -11.1% change year over year. Homes in this area spend an average of 25 days on the market before going under contract. There are currently 108 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 55311 sits in the Maple Grove, MN area, roughly 1.7 miles from downtown Maple Grove. Because home prices are set street by street, this ZIP can move differently from Maple Grove's citywide averages. The figures below reflect 55311 specifically — drawn from Redfin transactions, U.S. Census data for its 38,472 residents, and Zillow value estimates.
Homes sold
144
Last 12 weeks
Days on market
25
Average pace
Active listings
108
Sale-to-list
99.5%
Below asking
What is driving the 55311 housing market?
The 55311 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 55311 have declined -11.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 55311 stands at $504,259, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,356 per month. This gives a price-to-rent ratio of approximately 17.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 55311?
Population
38,472
Median income
$153,568/yr
Median age
41.2 years
Owner-occupied
86.7%
College grads
60.8%
Avg commute
22.99 min
What is it like living in 55311?
Zip code 55311 is home to approximately 38,472 residents. The median household income is $153,568 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 86.7% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 60.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 22.99 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 55311.
Which public schools serve ZIP 55311?
4 schools tracked · 2,451 students
The largest public schools serving ZIP code 55311 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BASSWOOD ELEMENTARY
Grades PK-5 · 848 students
RUSH CREEK ELEMENTARY
Grades PK-5 · 743 students
Weaver Lake Science Math & Tech Sch
Grades PK-5 · 651 students
Minnesota Excellence in Learning Ac
Grades PK-6 · 209 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 55311
What is the median home price in 55311?
The current median sale price in 55311 is $455,000, based on recent Redfin transaction data. Prices have changed -11.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 55311 a buyer's or seller's market?
The 55311 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 55311?
Zip code 55311 has a population of approximately 38,472 residents. The median household income is $153,568 per year. About 86.7% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 55311?
Properties Incorporated provides comprehensive data for 55311 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 55311 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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