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ZipNumbers

McLeod County · Minnesota

ZIP code 55370

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 55370 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
627

ZCTA residents

Median income
$117,344

Household, past 12 months

Median home
$332,100

Owner-occupied value

Sales tax
6.875%

Minnesota state rate

Quick answer

ZIP 55370 sits in McLeod County, Minnesota and is home to 627 people. Median household income is $117,344, the median home is worth $332,100 and median gross rent is . 95.8% of households own their home, and purchases are taxed at 6.875% (Minnesota state rate).

County
McLeod County

FIPS 27085

State
Minnesota (MN)

880 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 55370

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
627ZIP 55370 residents
Median household income
$117,344Past 12 months, inflation adjusted
Median home value
$332,100Owner-occupied units
Median gross rent
Rent plus utilities, monthly
Median age
36.2 yrsAll residents
Homeownership rate
95.8%Owner-occupied households

Sales tax in 55370

What a purchase inside this ZIP costs at checkout.

Rate applied
6.875%State base rate only
Tax on $100
$7Rounded to the dollar
Tax on $1,000
$69Before any exemptions

Minnesota levies 6.875% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
Median rent ÷ median income
Price-to-income
2.8×Home value ÷ household income
Est. mortgage
$1,723/mo20% down, 30-yr at 6.75%
Poverty rate
3.8%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 55370 compares

ZIP 55370 against the median ZIP in McLeod County and across Minnesota.

MeasureZIP 55370County medianState medianvs state
Median household income$117,344$82,837$75,417+56%
Median home value$332,100$234,500$221,650+50%
Median gross rent$812$925
Population6272,3011,800-65%

Medians are computed across the 8 ZIP areas in McLeod County and the 880 ZIP areas in Minnesota.

Statewide rank

Where this ZIP places among all 880 Minnesota ZIP areas.

Income

richer than 93% of 862 state ZIPs

#58
Home value

above 83% of 856 state ZIPs

#146
Population

larger than 25% of 880 state ZIPs

#660

Comparable ZIP codes

Minnesota ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
55082Washington County$117,538$459,500$1,439
55328Wright County$118,036$382,600$927
55360Carver County$118,036$340,100$1,233
55125Washington County$118,129$396,600$1,805
55065Dakota County$116,500$372,100$1,486
55309Sherburne County$118,387$335,500$1,463

Nearby ZIP codes

Other ZIP codes filed under McLeod County.

ZIP 55370 questions

Common questions about this ZIP code.

Where is ZIP code 55370?
ZIP 55370 lies mostly in McLeod County, Minnesota. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 55370?
Minnesota charges 6.875% statewide, plus any county, city or district rate that applies locally.
Is 55370 expensive to live in?
Median rent runs a month, and the median home is worth $332,100+50% against the typical Minnesota ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 55370, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.