The story of this market
The typical home in ZIP 55340 sells for about $543,990, or $315 per square foot.
Prices are up +3.3% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,452 a month.
ZIP 55340 — Medina
The housing market in 55340 remains stable with strong demand for new construction and single-family homes. Prices continue to see modest year-over-year growth, supported by low inventory and high buyer interest in the area's semi-rural lifestyle. Market conditions are balanced, with homes spending a moderate amount of time on the market.
This ZIP is ideal for families and professionals seeking larger lots and new construction homes in a quiet, semi-rural setting while maintaining access to suburban amenities.
Median prices moved up 3.3% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 6.7% — 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 5.8%/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 55340, Hennepin 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.
Corcoran generally experiences low crime rates, consistent with its status as a semi-rural, affluent residential community in the Twin Cities exurbs.
The area is served by highly-rated public school districts, including Rockford Area Schools and Wayzata Public Schools, known for strong academic performance.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with localized flood risks in low-lying areas near wetlands.
Development is characterized by high-end residential expansion and new construction projects, with proximity to the economic hubs of Maple Grove and Plymouth driving demand.
Property taxes are determined by Hennepin County assessments and local municipal levies, with additional special assessments often applied to new residential developments for infrastructure.
Commuters primarily rely on County Road 10 and Highway 55 for access to the Minneapolis-St. Paul employment core, with typical drive times ranging from 30 to 45 minutes.
Residents have access to extensive regional park systems, local nature trails, and proximity to the shopping and dining amenities of neighboring Maple Grove.
The rental market is limited, primarily consisting of newer luxury townhomes and single-family rentals, with low vacancy pressure and high demand from families.
The local economy is supported by a mix of agricultural heritage and proximity to the robust corporate and retail sectors of the northwest Twin Cities metro.
Transportation is primarily automobile-dependent, with major highway corridors providing connectivity to the broader metropolitan area.
Development is focused on residential expansion, with several new subdivisions currently in the approval or construction phase.
Hennepin County Assessor manages property valuations, utilizing a mass appraisal system based on market sales data.
Parcels may be subject to special taxing districts for school funding and municipal infrastructure improvements.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common in Minnesota.
Data retrieved from data.census.gov for ZCTA 55340.
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.
- Slick City Action Park4.57.8 mi
- Dave & Buster's Edina4.218.2 mi
- Edinborough Park4.619.3 mi
- Dave & Buster's Maple Grove4.17.4 mi
- St. Louis Park Rec Center4.514.9 mi
- U.S. Bank Stadium4.617.1 mi
- Minneapolis Convention Center4.516.5 mi
- Topgolf Brooklyn Center4.314.1 mi
- The Armory4.716.8 mi
- Surly Brewing Co.4.519.3 mi
- Emagine Willow Creek4.610.7 mi
- Slick City Action Park4.57.8 mi
- Clifton E. French Regional Park4.77.9 mi
- Plymouth Grand 15 & IMAX4.56.1 mi
- Dave & Buster's Maple Grove4.17.4 mi
- Minneapolis Institute of Art4.816.9 mi
- University of Minnesota Landscape Arboretum4.814.8 mi
- Walker Art Center4.515.9 mi
- Historic Stone Arch Bridge4.817.1 mi
- Paisley Park4.814.8 mi
- Elm Creek Park Reserve4.78.1 mi
- Clifton E. French Regional Park4.77.9 mi
- Central Park of Maple Grove4.87.3 mi
- Westwood Hills Nature Center4.812 mi
- Baker Park Reserve4.74.9 mi
- MarineMax4.17.7 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.87.9 mi
- PropMD4.97.6 mi
- River Valley Marine of Lake Minnetonka4.37.9 mi
- Edinburgh USA4.412.5 mi
- Rush Creek Golf Club4.63.4 mi
- Brookview Golf Course and Lawn Bowling4.211.6 mi
- Baker National Golf Course4.43.3 mi
- The Club at Golden Valley4.611.9 mi
- Ridgedale Center4.410 mi
- Albertville Premium Outlets4.312.7 mi
- Fleet Farm4.39.5 mi
- Hy-Vee Grocery Store4.212.8 mi
- Hy-Vee Grocery Store4.49.8 mi
- Minneapolis-Saint Paul International Airport4.422.1 mi
- Shoyu3.722.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features sports fields and community gathering spaces.
A premier regional golf destination located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.