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Housing market/Minnesota/ZIP 55379

ACS 2023 · FY2027 SAFMR

ZIP 55379 Shakopee, Minnesota

Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
49,084
Households
17,610
Median HH income
$109,824
Renter share
23.5%
Median gross rent
$1,540
Vacancy
2.3%
Pop. change
+9.1%
2BR SAFMR
$1,890
SAFMR / rent
1.227×
2–49 unit stock
1,457
LIHTC proj / units
7 / 240
HUD assisted MF
4 / 205

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 55379 · MN — sent to you.

ZIP 55379 · MN

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ACS rent vs 2BR SAFMR

ZIP 55379 — Shakopee, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,540
2BR SAFMR$1,890
90% floor$1,701
110% ceiling$2,079

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 55379

  • 1-unit detached10,96660.9%
  • 1-unit attached3,46519.2%
  • 2–4 units3351.9%
  • 5–49 units1,1226.2%
  • 50+ units1,7329.6%
  • Mobile3862.1%
TypeUnitsShare
1-unit detached10,96660.8%
1-unit attached3,46519.2%
2 units (duplex)1430.8%
3–4 units1921.1%
5–9 units4062.3%
10–19 units2071.1%
20–49 units5092.8%
50+ units1,7329.6%
Mobile3862.1%

2–4 unit share 1.9% · 5–49 unit share 6.2% · combined 2–49 8.1%.

Units by bedrooms

Studio
209
1BR
1,403
2BR
3,831
3BR
4,828
4BR
5,265
5+
2,492

Rent burden

Rent ≥30% of income43.6%
Rent ≥50% of income19.6%
  • ACS median gross rent $1,540 (all bedrooms, occupied rentals).
  • Median contract rent $1,374.
  • Renters paying ≥30% of income 43.6%; ≥50% 19.6%.
  • FY2027 2BR SAFMR $1,890 (1.227× ACS median gross rent).

Population

49,084 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +9.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 7 projects, 240 units.
  • HUD project-based assisted MF: 4 properties, 205 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 313 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 55379 23.5% of occupied households are renters; vacancy is 2.3%; ACS median gross rent is $1,540; population increased +9.1% between the 2018 and 2023 ACS vintages; the housing stock includes 335 units in 2–4-unit structures and 1,122 units in 5–49-unit structures; 7 LIHTC projects totaling 240 units; FY2027 2BR SAFMR is $1,890 versus ACS median gross rent of $1,540. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Minnesota research

ZIP 55379 is a Census / HUD profile for Minneapolis-St. Paul-Bloomington, MN-WI, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 55379 — Shakopee, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
54002Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area22.0%$1,200$1,54054003Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area1.8%—$1,54054011Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area25.3%$976$1,54054014Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area9.2%$993$1,54054015Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area21.3%$951$1,54054016Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.8%$1,431$1,69054021Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.5%$1,285$1,54054022Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area29.3%$1,059$1,54054023Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area16.1%$1,587$1,92054028Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area30.1%$898$1,54054082Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area11.1%—$1,57054723Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area15.7%$875$1,540

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 55379?

ZIP 55379 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 49,084 residents, 17,610 households, a renter share of 23.5%, median household income of $109,824, and ACS 2023 median gross rent of $1,540. Vacancy is 2.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55379?

ACS counts 143 units in 2-unit buildings, 192 in 3–4 unit buildings, 406 in 5–9, 207 in 10–19, and 509 in 20–49. Combined 2–49 unit stock is 1,457 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55379?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,890. See the full schedule and 90–110% payment-standard band on the ZIP 55379 — Shakopee, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55379 is Census / HUD research for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.