Burnsville, MN—55306
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Burnsville, MN
Home Price Trends — Burnsville, MN
As of Oct '25, the median home price in Burnsville, MN is $412,000, with a year-over-year change of 1.6%. This indicates that home prices in Burnsville, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $412,000 | 1.6% |
| Single Family | $419,000 | 1.7% |
| Condos | $248,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | -0.4% |
3 Bed | $393,000 | 1.6% |
4 Bed | $452,000 | 1.6% |
| 5 Bed | $511,000 | 1.0% |
% of Housing Stock
Rental Trends — Burnsville, MN
As of July '25, Rentcast reports the average rent in Burnsville, MN is $2,100, with a year-over-year rent change of -21.6%. Per bedroom, the median rent as of July '25 in Burnsville, MN is studios: $1,240, 1-bedrooms: $1,400, 2-bedrooms: $1,900, 3-bedrooms: $2,730, 4-bedrooms: $2,900. The most common rental property sizes in Burnsville, MN are 2-bedroom and 1-bedroom, accounting for 51.3% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,890 | $2,100 |
| Studio Rent | $1,130 | $1,240 |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,890 | $1,900 |
| 3 Bed Rent | $2,700 | $2,730 |
| 4 Bed Rent | $3,000 | $2,900 |
% of Rental Stock
Property Listings — Burnsville, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Burnsville, MN is 30. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $442,000 | 15.0% |
Listing Count | 41 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 30 | -14.0% |
Demographics — Burnsville, MN
As of the latest ACS Survey released in 2023, Burnsville, MN has a population of 16,200, which has remained stable by 0.4% over the past 5 years. Burnsville, MN is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 42.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,200 | 0.4% |
% Under 18 | 20.5% | -12.4% |
% Seniors | 18.5% | 26.7% |
% WFH | 13.2% | 214.3% |
% w/ College Degree | 42.7% | 9.5% |
As of the latest ACS Survey released in 2023, Burnsville, MN is a predominantly white area, with 67.7% of the population identifying as white. The white population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Burnsville, MN is hispanic, making up 14.0% of the population. Foreign-born residents account for 11.1% of the population in Burnsville, MN, and this percentage has decreased by 29.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.7% | 3.0% |
% Black | 10.3% | -16.3% |
% Hispanic | 14.0% | 2.9% |
% Asian | 4.1% | -24.1% |
% Foreign Born | 11.1% | -29.3% |
Mortgage and Risk — Burnsville, MN
Burnsville, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Burnsville, MN
As of 2024, the percent of homes in Burnsville, MN under the Section 8 program is 10.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Burnsville, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 264 |
Total Units Section 8 | 240 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,400 | $1,550 |
| 2 Bedroom | $0 | $1,890 | $1,890 |
| 3 Bedroom | -$180 | $2,700 | $2,520 |
| 4 Bedroom | -$180 | $3,000 | $2,820 |
Affordability — Burnsville, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $412,000 |
| Median Household Income | $98,000 |