The story of this market
The typical home in ZIP 55306 sells for about $399,881, or $205 per square foot.
Prices are up +12.6% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,622 a month.
ZIP 55306 — Burnsville
The housing market in 55306 shows strong price appreciation and high demand, with a median sale price of nearly $400,000. Low inventory levels continue to drive competitive conditions, keeping days on market low and supporting a high sale-to-list ratio. The area remains attractive to families due to its proximity to the Twin Cities and quality school districts.
This ZIP is ideal for family buyers and commuters seeking a balance between suburban space and accessibility to the Twin Cities, offering a stable housing market with strong school district options.
Median prices moved up 12.6% year over year.
Homes spend a median of 22 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 100.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 11.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55306, Dakota County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Burnsville generally experiences crime rates consistent with suburban Twin Cities averages, with property crime being the primary concern. Local law enforcement maintains active community engagement programs to address public safety trends.
The area is served by highly-rated public school districts, including Burnsville-Eagan-Savage and Lakeville, which are recognized for strong academic performance and diverse extracurricular offerings.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near the Minnesota River valley.
Burnsville serves as a major suburban employment hub with significant retail and commercial corridors along I-35, benefiting from ongoing infrastructure investments and proximity to the Minneapolis-St. Paul core.
Property taxes are assessed at the county level by Dakota County, with rates determined by local municipal, school district, and county levies; Minnesota offers a homestead credit for owner-occupied primary residences.
Residents primarily commute via I-35W, providing a direct 20-30 minute drive to downtown Minneapolis or the Mall of America area, with limited express bus transit options available.
The area features extensive access to outdoor amenities, including Crystal Lake, numerous city parks, and the nearby Minnesota Valley National Wildlife Refuge, alongside robust shopping centers.
The rental market is characterized by moderate vacancy pressure and consistent demand, driven by the area's accessibility to regional employment centers and suburban lifestyle amenities.
The local economy is anchored by retail, healthcare, and professional services, with many residents commuting to the broader Minneapolis-St. Paul metropolitan area for employment.
The area is well-served by the I-35W corridor, facilitating efficient north-south travel, with local bus routes connecting to regional transit hubs.
Development is currently focused on high-density residential projects and commercial revitalization within the Burnsville city center.
Dakota County utilizes a market-value assessment system, with annual reviews to ensure property valuations reflect current market conditions.
Parcels are subject to levies from the Burnsville-Eagan-Savage School District, Dakota County, and various local utility and watershed districts.
Property insurance premiums are stable, though homeowners should account for standard coverage related to wind and hail damage common in the region.
Data retrieved from US Census Bureau ZCTA-level profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.68.8 mi
- Valleyfair4.28.9 mi
- Great Wolf Lodge | Minnesota3.99.1 mi
- Nickelodeon Universe4.58.8 mi
- Edinborough Park4.69.1 mi
- U.S. Bank Stadium4.616.7 mi
- Grand Casino Arena4.617.4 mi
- Minneapolis Convention Center4.516.4 mi
- Minnesota State Fair4.717.9 mi
- Canterbury Park4.510.1 mi
- Mall of America®4.68.8 mi
- Minnesota Zoo4.65.4 mi
- Valleyfair4.28.9 mi
- Great Wolf Lodge | Minnesota3.99.1 mi
- Canterbury Park4.510.1 mi
- Minneapolis Institute of Art4.815.6 mi
- Science Museum of Minnesota4.617.3 mi
- University of Minnesota Landscape Arboretum4.818.2 mi
- Union Depot4.517.9 mi
- Walker Art Center4.516.3 mi
- Centennial Lakes Park4.79.4 mi
- Edinborough Park4.69.1 mi
- Lebanon Hills Regional Park4.89.2 mi
- Hidden Falls Regional Park4.612.9 mi
- Fort Snelling State Park4.710.5 mi
- Knotty Oar Marina4.77.1 mi
- Your Boat Club Prior Lake4.74.4 mi
- Crystal Lake4.61.6 mi
- Braemar Golf Course4.410.3 mi
- Legends Golf Club4.75 mi
- Stonebrooke Golf Club4.311.2 mi
- The Wilds Golf Club4.48.1 mi
- Edina Country Club4.612.5 mi
- Mall of America®4.68.8 mi
- Twin Cities Premium Outlets4.56.9 mi
- Southdale Center4.210.3 mi
- Asia Mall4.311.3 mi
- Eden Prairie Center4.410.5 mi
- Minneapolis-Saint Paul International Airport4.411.2 mi
- Shoyu3.711.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular local destination for fishing, boating, and lakeside recreation.
Major regional shopping mall serving the southern metro area.
Extensive protected green space offering trails and wildlife viewing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.