Area data
Hamel, MN — ZIP 55340
Population: 10,183 (Census ACS)
The median home value in ZIP 55340 (Hamel, MN) is $684,866 — up 0.2% over the past year. Homes sell for a median $808,000 after a median 54 days on market. Typical rent runs $2,800/month. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, hail, strongwind the top-rated hazards. Cost of living is 1.4% below the US average (BEA, metro/state-level).
$684,866
Median home value
+0.2%
1-year change
54
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $684,866
- 1-year appreciation
- +0.2%
- 3-year appreciation
- +1.9%
- 5-year appreciation
- +13.5%
- 10-year appreciation
- +50.3%
- All-time peak (2026-01)
- $690,532
- House Price Index (state)
- 442.4 (+2.4% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $808,000
- Median list price
- $595,030
- Median price per sqft
- $240
- 1-year sale-price change
- +35.8%
- Median days on market
- 54 days
- Homes sold (recent period)
- 87
- For-sale inventory
- 61
- Sale-to-list ratio
- 98.1%
- Active listings
- 92
- 1-year forecast
- +0.9%
- New listings (monthly)
- 17
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $2,800/mo
- Studio fair-market rent
- $1,265/mo
- 1BR fair-market rent
- $1,427/mo
- 2BR fair-market rent
- $1,734/mo
- 3BR fair-market rent
- $2,264/mo
- 4BR fair-market rent
- $2,538/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Average)
- 98.6 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 7.40%
- 15-year mortgage rate (national)
- 6.73%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- coldWave, hail, strongWind, tornado, winterWeather
- Notable hazard ratings (county)
- hail: Very High · drought: Relatively Low · tornado: Very High · coldWave: Very High · heatWave: Relatively High · iceStorm: Relatively Moderate
- FEMA flood zone
- X
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 32% of US counties
- Buildings in wildfire direct-exposure zone
- 13.6%
- Radon potential (county)
- High radon potential — EPA Zone 1 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Spring Park Municipal Well Field (10.3 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 44.7°F
- Average high
- 54.3°F
- Average low
- 34.7°F
- Annual precipitation
- 33.5 in
- Annual snowfall
- 53.7 in
- USDA plant hardiness zone
- 4b (extreme annual low -25 to -20°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 45
- Days with Good air quality
- 211
- Days with Moderate air quality
- 144
- Days with Unhealthy air quality
- 6
- Highest AQI recorded (year)
- 178
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 13.8 / 20
- Transit service frequency
- 432
- Jobs reachable by car (30 min)
- 155,850
- Jobs reachable by transit (45 min)
- 122,673
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Mississippi National River & Recreation Area (25 mi)
- Airports within 30 mi
- 25
- Nearest airport
- Kral's Personal Use Landing Field (1 mi)
- Nearest major airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (22 mi)
- Hospitals nearby (~15 mi)
- 31
- Hospitals include
- NORTH MEMORIAL HEALTH HOSPITAL, HENNEPIN COUNTY MEDICAL CENTER, CAMBRIDGE MEDICAL CENTER
- Avg hospital rating (CMS)
- 3.7 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -6,126 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 2,003
- Housing built before 1970
- 6.9%
- Housing built 2000 or later
- 53.9%
- Median annual property tax
- $6,782
- Mean commute to work
- 17 min
- Households with broadband internet
- 86.8%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 825,100
- Average weekly wage
- $1,788
- Top industries (by employment)
- Health Care, Professional Services, Finance & Insurance
- Annual residential building permits (county)
- 3,491
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 55340 | State median | US median | |
|---|---|---|---|
| Median home value | $684,866 | $300,176 | $288,527 |
| Median sale price | $808,000 | $315,500 | $325,000 |
| Median days on market | 54 days | 39 days | 51 days |
| Typical rent | $2,800/mo | $1,670/mo | $1,809/mo |
| Median annual property tax | $6,782 | $2,128 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 55340?
- $684,866.
- What is the median sale price in ZIP 55340?
- $808,000.
- How long do homes take to sell in ZIP 55340?
- Median days on market: 54 days.
- What is typical rent in ZIP 55340?
- Typical rent: $2,800/month.
- What is the natural-hazard risk in ZIP 55340?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, hail, strongWind, tornado, winterWeather.
- Is ZIP 55340 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in ZIP 55340?
- Risk to homes is higher than 32% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 55340?
- High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 55340?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- Is ZIP 55340 walkable?
- Walkability index: 13.8/20 (EPA Smart Location Database).
- What is the air quality in ZIP 55340?
- Good. Median AQI: 45. (EPA AQI).
- What is the cost of living in ZIP 55340?
- Regional Price Parity: 98.6 (100 = US average) (Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
Listing a home in Hamel, MN?
REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer and renter questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.
Data last updated
Most recent source refresh: Oct 2026. See all data sources →