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ZipNumbers

Carver County · Minnesota

ZIP code 55386

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 55386 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
10,080

ZCTA residents

Median income
$191,279

Household, past 12 months

Median home
$559,700

Owner-occupied value

Sales tax
6.875%

Minnesota state rate

Quick answer

ZIP 55386 sits in Carver County, Minnesota and is home to 10,080 people. Median household income is $191,279, the median home is worth $559,700 and median gross rent is $2,435. 92.1% of households own their home, and purchases are taxed at 6.875% (Minnesota state rate).

County
Carver County

FIPS 27019

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 55386

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

Population
10,080ZIP 55386 residents
Median household income
$191,279Past 12 months, inflation adjusted
Median home value
$559,700Owner-occupied units
Median gross rent
$2,435Rent plus utilities, monthly
Median age
39.5 yrsAll residents
Homeownership rate
92.1%Owner-occupied households

Sales tax in 55386

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
15%Median rent ÷ median income
Price-to-income
2.9×Home value ÷ household income
Est. mortgage
$2,904/mo20% down, 30-yr at 6.75%
Poverty rate
1.8%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 55386 compares

ZIP 55386 against the median ZIP in Carver County and across Minnesota.

MeasureZIP 55386County medianState medianvs state
Median household income$191,279$110,530$75,417+154%
Median home value$559,700$364,650$221,650+153%
Median gross rent$2,435$1,154$925+163%
Population10,0804,7611,800+460%

Medians are computed across the 12 ZIP areas in Carver County and the 880 ZIP areas in Minnesota.

Statewide rank

Where this ZIP places among all 880 Minnesota ZIP areas.

Income

richer than 100% of 862 state ZIPs

#2
Home value

above 98% of 856 state ZIPs

#14
Population

larger than 81% of 880 state ZIPs

#165

Comparable ZIP codes

Minnesota ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
55340Hennepin County$174,120$607,600$1,431
55439Hennepin County$173,925$640,300$1,681
55356Hennepin County$171,333$712,800$1,732
55391Hennepin County$170,115$795,600$1,498
55446Hennepin County$169,412$559,100$1,932
55331Hennepin County$160,029$707,000$1,208

Nearby ZIP codes

Other ZIP codes filed under Carver County.

ZIP 55386 questions

Common questions about this ZIP code.

Where is ZIP code 55386?
ZIP 55386 lies mostly in Carver 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 55386?
Minnesota charges 6.875% statewide, plus any county, city or district rate that applies locally.
Is 55386 expensive to live in?
Median rent runs $2,435 a month, about 15% of median household income, and the median home is worth $559,700+153% 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 55386, 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.