The story of this market
The typical home in ZIP 55447 sells for about $520,000, or $214 per square foot.
Prices are roughly flat from a year ago (-0.054%), a market in balance. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,711 a month.
ZIP 55447 — Plymouth
The 55447 housing market remains competitive, characterized by low inventory and steady demand for single-family homes. Prices have remained relatively flat year-over-year, reflecting a balanced market environment. The area's appeal is largely driven by the highly-rated Wayzata School District and its suburban location.
This ZIP is ideal for family buyers seeking access to top-rated schools, as well as professionals commuting to the Minneapolis metro area.
Median prices moved down 0.1% year over year.
Homes spend a median of 18 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.3% · poverty 4.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55447, 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 the highly acclaimed Wayzata School District, which is a primary driver for local housing demand.
The area features established residential neighborhoods with proximity to major retail and dining corridors in Plymouth and downtown Wayzata.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
The ZIP offers convenient access to major highway corridors, facilitating commutes to the Minneapolis employment core.
Residents have access to numerous local parks, trails, and proximity to the recreational amenities of the Lake Minnetonka area.
The rental market includes a mix of apartment complexes and single-family rentals, with consistent demand driven by the suburban location.
The local economy is supported by a mix of suburban retail, professional services, and proximity to the broader Minneapolis-St. Paul employment hub.
Parcels are subject to Hennepin County property taxes and the specific levies of the Wayzata School District.
Data retrieved from data.census.gov ZCTA-level tables.
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®4.615.7 mi
- Valleyfair4.213.7 mi
- Great Wolf Lodge | Minnesota3.915.1 mi
- Nickelodeon Universe4.515.7 mi
- Slick City Action Park4.57.8 mi
- U.S. Bank Stadium4.611.7 mi
- Grand Casino Arena4.619.6 mi
- Minneapolis Convention Center4.511 mi
- Minnesota State Fair4.715.9 mi
- Topgolf Brooklyn Center4.311.5 mi
- U.S. Bank Stadium4.611.7 mi
- Minneapolis Institute of Art4.811.1 mi
- Guthrie Theater4.811.8 mi
- University of Minnesota Landscape Arboretum4.810.8 mi
- AMC Southdale 163.911.4 mi
- Minneapolis Institute of Art4.811.1 mi
- University of Minnesota Landscape Arboretum4.810.8 mi
- Science Museum of Minnesota4.619.7 mi
- Walker Art Center4.510.3 mi
- Minnesota State Capitol4.719.4 mi
- University of Minnesota Landscape Arboretum4.810.8 mi
- Minneapolis Sculpture Garden4.710.2 mi
- Centennial Lakes Park4.712.1 mi
- Lake Harriet Regional Park4.810.2 mi
- Elm Creek Park Reserve4.710.4 mi
- Wayzata Yacht Club4.81.9 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.77 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.83.8 mi
- PropMD4.92 mi
- River Valley Marine of Lake Minnetonka4.33.8 mi
- Topgolf Brooklyn Center4.311.5 mi
- Edinburgh USA4.411.6 mi
- The Minikahda Club4.49.2 mi
- Braemar Golf Course4.410.3 mi
- Puttery4.711.1 mi
- Ridgedale Center4.43.3 mi
- Karmel Mall4.110.9 mi
- Asia Mall4.39.5 mi
- Southdale Center4.211.4 mi
- Minneapolis-Saint Paul International Airport4.415.7 mi
- Shoyu3.715.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Highly acclaimed school district serving the area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).