US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 55387
  5. Housing & Real Estate
Waconia city, MN

ZIP 55387 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55387

Median Home Value
$418,600
Median Rent
$1,269
Affordability Snapshot
$115,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,689/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55387 in Waconia city, MN, a household would need roughly $115,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,689. That is roughly in line with the local median household income ($109,279). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.6%+26% vs US avg
x
Vacancy Rate
3.0%-71% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
13.2%-11% vs US avg
x
Built Pre-1939
2.8%-79% vs US avg
x
Built Post-2014
3.0%-57% vs US avg
x
Rent Burden >30%
17.0%-66% vs US avg
x
Mortgage-Free
24.0%-37% vs US avg
x
$418,600
Home Value
$1,269
Rent
1998
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached74.5%
  • 1-unit attached12.0%
  • 2-9 units4.4%
  • 10+ units8.7%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$418,600
Median rent$1,269
Owner-occupied82.6%
Vacant3.0%
Price-to-income3.8x
Est. income to buy$115,000