Zip 55401 (Minneapolis, MN) Housing

The housing market in 55401 Minneapolis, MN is slightly below the national median value at $360,000, but the one year house appreciation rate is still decent at 4.79%. This is significantly lower than the US average of 8.27%, but it's expected to increase in the coming months. The area offers a variety of options for potential buyers and renters, with plenty of homes available within a wide price range. With its close proximity to downtown and other amenities, 55401 Minneapolis is an attractive neighborhood for those looking to buy or rent a home in the city.

The median home cost in Minneapolis (zip 55401) is $360,000. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55401) is up 7.1%.

Average Age of Homes

- The median age of Minneapolis (zip 55401) real estate is 28 years old

The Rental Market in Minneapolis (zip 55401)

- Renters make up 50.3% of the Minneapolis (zip 55401) population
- 3.5% of houses and apartments in Minneapolis (zip 55401), 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
	7,993.0	139,647,020.0
	28	42
	$360,000	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$13.01	$10.98
	$4,522	$2,690
	30.0%	57.4%
	8.5%	11.2%
	61.5%	31.4%
Vacant Housing
	3.5%	1.9%
	1.2%	0.4%
	0.0%	0.7%
	0.5%	0.4%
	2.6%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	10.1%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.7%	4.5%
	0.7%	11.3%
	6.6%	13.0%
	24.8%	20.1%
	15.1%	13.6%
	12.8%	8.3%
	12.1%	9.7%
	7.0%	3.9%
	8.9%	2.2%
	0.0%	0.8%
	1.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	17.5%	13.6%
	17.5%	13.6%
	6.8%	13.6%
	13.1%	13.2%
	8.1%	14.8%
	6.8%	13.6%
	3.1%	10.0%
	2.1%	4.7%
	16.3%	12.2%

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