Rent in 55331 (Excelsior, MN)
In ZIP 55331 (Excelsior, MN), a 2-bedroom typically rents for $1,355–$1,734 a month, 22% below the Hennepin County Fair Market Rent of $1,734. Other sizes: studio $950–$1,265, 1 bed $1,135–$1,427, 3 beds $2,264–$2,302, 4 beds $2,538–$3,500+. Owner-occupied homes in Hennepin County pay about 1.14% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $950–$1,265 | $950 | $1,26525% below |
| 1 bed | $1,135–$1,427 | $1,135 | $1,42720% below |
| 2 beds | $1,355–$1,734 | $1,355 | $1,73422% below |
| 3 beds | $2,264–$2,302 | $2,302 | $2,264in line |
| 4 beds | $2,538–$3,500+ | $3,500+ | $2,53838% above |
- Studio: Census ACS 5-year median gross rent $950 ±$24 (Dec 31, 2024); HUD Fair Market Rent (county) $1,265 (Oct 1, 2026)
- 1 bed: Census ACS 5-year median gross rent $1,135 ±$21 (Dec 31, 2024); HUD Fair Market Rent (county) $1,427 (Oct 1, 2026)
- 2 beds: Census ACS 5-year median gross rent $1,355 ±$77 (Dec 31, 2024); HUD Fair Market Rent (county) $1,734 (Oct 1, 2026)
- 3 beds: Census ACS 5-year median gross rent $2,302 ±$298 (Dec 31, 2024); HUD Fair Market Rent (county) $2,264 (Oct 1, 2026)
- 4 beds: Census ACS 5-year median gross rent $3,500+ (Dec 31, 2024); HUD Fair Market Rent (county) $2,538 (Oct 1, 2026)
Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
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Frequently asked questions
- What is the rent for a 2-bedroom in 55331?
- Typically $1,355–$1,734 a month, with a best guess of $1,355. That is 22% below the Hennepin County Fair Market Rent ($1,734).
- What is the rent for a 1-bedroom in 55331?
- Typically $1,135–$1,427 a month, with a best guess of $1,135. That is 20% below the Hennepin County Fair Market Rent ($1,427).
- What is the rent for a 3-bedroom in 55331?
- Typically $2,264–$2,302 a month, with a best guess of $2,302. That is in line with the Hennepin County Fair Market Rent ($2,264).
- What is the rent for a studio in 55331?
- Typically $950–$1,265 a month, with a best guess of $950. That is 25% below the Hennepin County Fair Market Rent ($1,265).
- What is the rent for a 4-bedroom in 55331?
- Typically $2,538–$3,500+ a month, with a best guess of $3,500+. That is 38% above the Hennepin County Fair Market Rent ($2,538).
- What is the property tax rate in ZIP 55331?
- Owner-occupied homes in Hennepin County pay a typical 1.14% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 55331 rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).