The story of this market
The typical home in ZIP 55356 sells for about $712,800, or $253 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,860 a month.
ZIP 55356 — Orono
The 55356 housing market remains highly competitive with limited inventory and high median home values, reflecting strong demand for luxury suburban living. Prices have shown steady year-over-year growth, supported by the area's high household incomes and proximity to major Twin Cities employers. Market conditions are stable, with homes selling at a consistent pace despite the high price point.
This ZIP is ideal for affluent families and professionals seeking high-quality schools, lake-oriented recreation, and a suburban lifestyle within a reasonable commute of the Twin Cities.
Median prices moved up 2.5% year over year.
Homes spend a median of 62 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.4% · poverty 5.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55356, 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.
The area is served by highly-rated public school districts, including Orono and Wayzata, which are recognized for strong academic performance and college readiness.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risk primarily concentrated near the numerous lakes in the area.
The area benefits from its proximity to the Minneapolis-St. Paul employment core, with ongoing residential development and high-end custom home construction driving economic momentum.
Property taxes are assessed at the county level by Hennepin County, with rates determined by local school district levies and municipal budgets; Minnesota does not have a state-level property tax.
Residents primarily commute via I-394 or Highway 12, providing a direct drive to downtown Minneapolis, typically taking 25-35 minutes depending on traffic.
The area is defined by its access to the Lake Minnetonka chain, offering extensive boating, fishing, and public parks, alongside proximity to regional golf courses and upscale shopping in nearby Wayzata.
The rental market is characterized by low vacancy rates and high demand for single-family home rentals, with limited multi-family inventory available in this suburban enclave.
The local economy is anchored by the broader Minneapolis-St. Paul metropolitan area, featuring a diverse mix of corporate headquarters, healthcare, and professional services.
Transportation is primarily auto-dependent, relying on the Highway 12 and I-394 corridors for access to the regional employment core.
Development is largely focused on high-end residential infill and luxury custom home construction on remaining large lots.
Hennepin County Assessor manages property valuations, utilizing a market-value approach based on annual sales analysis.
Parcels are subject to Hennepin County taxes, local municipal levies, and specific school district taxes, primarily Orono or Wayzata ISD.
Property insurance premiums are influenced by regional weather patterns, including hail and wind risk, which are standard for the Upper Midwest.
Data retrieved from data.census.gov ZCTA 55356 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®4.619.7 mi
- Valleyfair4.215.2 mi
- Great Wolf Lodge | Minnesota3.919.2 mi
- Nickelodeon Universe4.519.7 mi
- Slick City Action Park4.511.2 mi
- U.S. Bank Stadium4.616.6 mi
- Minneapolis Convention Center4.515.9 mi
- Topgolf Brooklyn Center4.316.1 mi
- Canterbury Park4.514.9 mi
- The Armory4.716.3 mi
- University of Minnesota Landscape Arboretum4.88.9 mi
- Emagine Willow Creek4.69.4 mi
- Paisley Park4.89.1 mi
- Slick City Action Park4.511.2 mi
- Park Tavern4.311.6 mi
- Minneapolis Institute of Art4.816 mi
- University of Minnesota Landscape Arboretum4.88.9 mi
- Walker Art Center4.515.2 mi
- Historic Stone Arch Bridge4.816.8 mi
- Paisley Park4.89.1 mi
- University of Minnesota Landscape Arboretum4.88.9 mi
- Clifton E. French Regional Park4.78.2 mi
- Elm Creek Park Reserve4.712.8 mi
- Central Park of Maple Grove4.811.1 mi
- Westwood Hills Nature Center4.810.4 mi
- Wayzata Yacht Club4.85 mi
- Howard's Point Marina4.66 mi
- Metro Lakes Marina & Rentals LLC.4.54.3 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.76.1 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.82.7 mi
- Rush Creek Golf Club4.68.4 mi
- Brookview Golf Course and Lawn Bowling4.210.4 mi
- Baker National Golf Course4.42.9 mi
- The Club at Golden Valley4.611.3 mi
- Hazeltine National Golf Club4.710.8 mi
- Ridgedale Center4.48 mi
- Asia Mall4.311.9 mi
- Eden Prairie Center4.412.7 mi
- Minneapolis-Saint Paul International Airport4.420.1 mi
- Shoyu3.720.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional lake providing extensive boating, fishing, and recreational opportunities.
A large regional park offering trails, camping, and nature programs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.