The housing market in 55402 Minneapolis, MN is currently valued at $381,100, which is higher than the US median value of $338,100. The 1 year appreciation rate in 55402 Minneapolis, MN was 4.79%, which is lower than the US 1 year appreciation rate of 8.27%. Overall, the housing market in 55402 Minneapolis, MN appears to be stronger than the national average.
The median home cost in Minneapolis (zip 55402) is $381,100. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55402) is up 7.1%.
Average Age of Homes
- The median age of Minneapolis (zip 55402) real estate is 78 years old
The Rental Market in Minneapolis (zip 55402)
- Renters make up 86.5% of the Minneapolis (zip 55402) population
- 17.0% of houses and apartments in Minneapolis (zip 55402), 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.