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City · 21,725 residents · Hennepin County, Minnesota

Golden Valley , Minnesota

In Golden Valley, a typical home is worth $431,400 and typical rent is $1,785 a month. Compared with all of Hennepin County, typical rent is 20% higher, typical household income is 11% higher, and the share of households that own their home is 8 points higher.

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  • Typical home value

    $431,400

    10% above the county

    31% above Minnesota

    • Golden Valley
    • Hennepin
    • Minnesota

  • Typical rent

    $1,785a month

    20% above the county

    39% above Minnesota

    • Golden Valley
    • Hennepin
    • Minnesota

  • Typical household income

    $108,772a year

    11% above the county

    22% above Minnesota

    • Golden Valley
    • Hennepin
    • Minnesota

  • Households that own their home

    71%

    8 points above the county

    2 points below Minnesota

    • Golden Valley
    • Hennepin
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$435,681
2.6% more than 12 months ago
Typical rent
$1,940 a month
2.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Golden Valley is in Hennepin County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Hennepin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Golden Valley apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Robbinsdale, the typical home value is $295,600: 31% less than in Golden Valley ($431,400).

  2. Nearby, in New Hope, the typical rent is $1,335: 25% less than in Golden Valley ($1,785).

  3. The typical rent in Golden Valley is $1,785 a month, 20% more than in Hennepin County as a whole ($1,487).

  4. 71% of households in Golden Valley own their home, against 63% in Hennepin County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Golden Valley

What homes there are in Golden Valley, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Golden Valley, 6 in 10 homes are single-family detached houses; in Hennepin County, 5.

Year built

In Golden Valley, half of the homes were built before 1966; in Hennepin County, before 1973.

In Golden Valley, 62% of homes have 3 bedrooms or more, more than in Hennepin County (52%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,428 a month

Hennepin County: $2,255 a month

Without a mortgage

$952 a month

Hennepin County: $853 a month

Owners with a mortgage

67%

Hennepin County: 69%

The typical cost for an owner with a mortgage in Golden Valley is $2,428 a month, more than in Hennepin County ($2,255); without one, $952.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Golden Valley rose 42% since 2015–2019, about the same as in Hennepin County (42%).

Much as in Hennepin County, the typical rent in Golden Valley rose 32% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGolden ValleyHennepin CountyMinnesotaUnited States
Rental vacancy Unreliable estimate5.9%5.3%5.5%
Homeowner vacancy Unreliable estimate0.6%0.6%0.9%
More than one person per room Unreliable estimate2.7%2.3%3.4%
People per household 2.212.302.432.53
Drive alone 64%60%69%69%
Carpool 4%6%8%9%
Public transit Unreliable estimate4%2%3%
Walk or bike Unreliable estimate4%3%3%
Work from home 30%25%18%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Golden Valley look like those in Hennepin County: 2.21 people on average.

In Golden Valley, 30% of workers work from home, more than in Hennepin County (25%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Golden Valley?

A typical home costs more than the typical income allows

We start with a typical home in Golden Valley, worth $431,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Golden Valley, which is $108,772 a year. For that payment to be 28% of income, a household would need to earn about $157,965 a year.

The calculator's FHA and conventional loan limits are those of all of Hennepin County.

Your numbers

Local data
$

Starts at the typical home value in Golden Valley. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,099 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,686

at 7.18% · 30 years

Loan amount
$423,586
Total interest
$609,441
Paid off in
November 2056

Includes $7,285 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,538 a month

  • Tight

    $2,538 to $3,263 a month

  • Hard

    more than $3,263 a month

    Your payment · 41%

Compared with the typical household income in Golden Valley ($108,772 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,686
Principal & interest$2,870
Property tax$446
Home insurance$180
FHA mortgage insurance (MIP)$191

You need at least $15,099 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Golden Valley and Hennepin County

Golden Valley is in Hennepin County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Golden Valley's own numbers

Typical home value
$431,400
Typical monthly rent
$1,785
Typical yearly household income
$108,772
Households that own their home
71%
Effective property tax rate
1.24%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hennepin County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+30%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hennepin County.

Everything about Hennepin County

Buying

Buying a home in Golden Valley

A typical home in Golden Valley is worth $431,400: 10% above the county and 31% above Minnesota. With the typical household income in Golden Valley ($108,772 a year), a typical home costs 4.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Golden Valley 4.0 years
  • Hennepin 4.0 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hennepin County

According to FHFA’s house price index, home prices in Hennepin County rose 65% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hennepin County.

Period County Minnesota U.S.
Last year (2025) +3.0% +2.8% +2.9%
5 years (2020–2025) +30% +37% +47%
10 years (2015–2025) +65% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Golden Valley next to Hennepin County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Golden Valley $431,400
  • Hennepin $392,900
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Golden Valley $1,785
  • Hennepin $1,487
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Golden Valley $108,772
  • Hennepin $97,653
  • Minnesota $89,062
  • United States $80,734
See the full table
Golden Valley next to Hennepin County and Minnesota
Measure Golden Valley Hennepin County Minnesota U.S.
Typical home value $431,400 $392,900 $329,300 $332,700
Typical monthly rent $1,785 $1,487 $1,280 $1,413
Typical yearly household income $108,772 $97,653 $89,062 $80,734
Households that own their home 71% 63% 72% 65%
Typical yearly property tax $5,350 $4,480 $3,357 $3,119
Effective property tax rate 1.24% 1.14% 1.02% 0.94%
Renters with high rent for their income 48% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hennepin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Golden Valley

For a typical $431,400 home in Golden Valley, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Golden Valley's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,686a month

    Least cash to close
    Down payment
    $15,099
    Cash to close
    $28,041
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $191

  • Conventional, 5% down $3,607a month

    Down payment
    $21,570
    Cash to close
    $34,512
    Rate
    7.18%
    Mortgage insurance
    PMI · $205

  • Conventional, 20% down, no PMI $2,963a month

    Down payment
    $86,280
    Cash to close
    $99,222
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,362a month

    Down payment
    $64,710
    Cash to close
    $77,652
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Golden Valley and for Hennepin County.

Property tax

Effective rate in Golden Valley

1.24%of the home’s value each year

$5,350 a year for the typical owner in Golden Valley.

  • Golden Valley 1.24%
  • Hennepin 1.14%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Hennepin County

FEMA does not publish these numbers by city: they are for all of Hennepin County.

Homes in the high-risk zone
0.5%
1,992
Of those, with NFIP insurance
15%
County Minnesota U.S.
Homes in the high-risk zone 0.5% 0.7% 3.5%
Of those, with NFIP insurance 15% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Golden Valley

Typical rent in Golden Valley is $1,785 a month: 20% above the county. In Golden Valley, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hennepin County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Hennepin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Golden Valley

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Golden Valley has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,780 in 55427 to $1,890 in 55422.

2 of the 2 are above the fair market rent for Hennepin County ($1,734).

  • 55422 $1,890$2,470
  • 55427 $1,780$2,320

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Golden Valley when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Golden Valley

HUD lists 10 buildings with rents for lower incomes in Golden Valley. These are the largest.

  • Dover Hill 2400 Rhode Island Ave N, Golden Valley 55427 234 homes, 220 low-income · 1 bd: 170 · 2 bd: 48 · 3 bd: 16 · In service since 2012 · For older adults, people with disabilities, families (763) 544-7710
  • Calvary Center Apartments 7650 Golden Valley Rd, Golden Valley 55427 80 low-income homes · 1 bd: 79 · 2 bd: 1 · In service since 2007 · For older adults (763) 546-4988
  • Golden Valley Townhouses 3354 Lilac Dr N, Golden Valley 55422 54 low-income homes · For families (952) 938-0055
  • Minnetonka Affordable Housing 5400 Smetana DR, Golden Valley 55422 54 low-income homes · 1 bd: 36 · 2 bd: 18 · In service since 2018
  • Cornerstone Creek 9300 Golden Valley Rd, Golden Valley 55427 45 low-income homes · 1 bd: 40 · 2 bd: 5 · In service since 2017 · For people with disabilities, people experiencing homelessness

See all 329 buildings in Hennepin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Golden Valley

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 8 HUD-approved agencies with an office in Hennepin County; 3 say they serve in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Golden Valley

No down payment, repair or rent-help program on our list is for Golden Valley or Hennepin County. The ones below are statewide in Minnesota: they work in Golden Valley the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Golden Valley

The HUD-approved agencies closest to the center of Golden Valley, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Build Wealth Minnesota, Inc

    2121 Plymouth Ave N, Minneapolis · 2 miles away · Spanish

    Also serves in Cambodian and French.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (612) 877-4182

  • Lutheran Social Service of Minnesota

    2400 Park Avenue, Minneapolis · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

  • Project for Pride in Living

    1035 E Franklin Ave, Minneapolis · 5 miles away

    • Budget and financial counseling
    • Workshops for new owners
    • and 3 more
    (612) 455-5100

Every agency in Hennepin County All counseling agencies in Minnesota

Help in Spanish near Golden Valley

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Golden Valley

In HUD’s record, no housing authority with an office in Hennepin County is named for Golden Valley or Hennepin County.

7 other authorities have an office in Hennepin County: see the list Source: HUD

Cities

Other cities in Hennepin County

These cities are also in Hennepin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hennepin County Housing in Minnesota
See 13 more cities in Hennepin County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Golden Valley, with the typical home value.

Neighboring counties

If Hennepin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Golden Valley.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Golden Valley

Short answers with the numbers for Golden Valley and all of Hennepin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Golden Valley?

The typical home value in Golden Valley is $431,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hennepin County it is $392,900.

How much does it cost to rent in Golden Valley?

Typical rent in Golden Valley is $1,785 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hennepin County is $1,734.

What is the FHA loan limit in Golden Valley?

Golden Valley uses the FHA limit for all of Hennepin County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in Golden Valley?

The typical homeowner in Golden Valley pays $5,350 a year, according to the U.S. Census Bureau. That is 1.24% of the home’s value; in Hennepin County, the rate is 1.14%.

Where can I find free help to buy or rent in Golden Valley?

There are 8 HUD-approved counseling agencies with an office in Hennepin County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).