Zip 55407 (Minneapolis, MN) Housing

Housing in 55407 Minneapolis, MN is quite affordable compared to the U.S. average. The median value for homes in this area is $293,200, which is significantly lower than the U.S. median of $338,100. Despite having a lower median value, 55407 Minneapolis still boasts an impressive one year house appreciation rate of 4.79%, only slightly lower than the national rate of 8.27%. This indicates that housing values are likely to keep increasing in the future, making it an attractive option for potential homeowners wanting to invest in the Minneapolis area.

The median home cost in Minneapolis (zip 55407) is $293,200. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55407) is up 7.1%.

Average Age of Homes

- The median age of Minneapolis (zip 55407) real estate is 78 years old

The Rental Market in Minneapolis (zip 55407)

- Renters make up 42.3% of the Minneapolis (zip 55407) population
- 0.6% of houses and apartments in Minneapolis (zip 55407), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Minneapolis, Minnesota	United States
	15,740.0	139,647,020.0
	50	42
	$293,200	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$12.38	$10.98
	$3,185	$2,690
	58.2%	57.4%
	4.8%	11.2%
	37.0%	31.4%
Vacant Housing
	0.6%	1.9%
	0.6%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	0.5%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.9%	2.4%
	0.5%	2.8%
	1.4%	3.9%
	1.6%	4.5%
	6.8%	11.3%
	14.5%	13.0%
	41.8%	20.1%
	26.4%	13.6%
	3.9%	8.3%
	1.5%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.6%	13.6%
	3.6%	13.6%
	3.0%	13.6%
	3.9%	13.2%
	3.7%	14.8%
	3.0%	13.6%
	6.0%	10.0%
	6.6%	4.7%
	67.8%	12.2%

Reviews for Minneapolis

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Melissa · Minneapolis, MN

Powderhorn Park in Minneapolis is divine!

Over 15 years ago

The neighborhood has a range of socio-economic levels, a liberal political slat, a very active neighborhood association, a lovely park with lots of great activities all More

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Bp · Minneapolis, MN

Powderhorn Park

Over 17 years ago

This is an area for those who want access to public transportation, park access within a few blocks and appreciate More

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