Zip 55405 (Minneapolis, MN) Housing

The housing median value in 55405 Minneapolis, MN is $413,000, which is significantly higher than the US house median value of $338,100. However, the one-year house appreciation in 55405 Minneapolis, MN is lower than the US rate of 8.27%, at only 4.79%. This could indicate that while the housing values are high in the area, they are not growing as quickly year to year as other areas across the United States.

The median home cost in Minneapolis (zip 55405) is $413,000. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55405) is up 7.1%.

Average Age of Homes

- The median age of Minneapolis (zip 55405) real estate is 78 years old

The Rental Market in Minneapolis (zip 55405)

- Renters make up 60.9% of the Minneapolis (zip 55405) population
- 2.6% of houses and apartments in Minneapolis (zip 55405), 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
	8,450.0	139,647,020.0
	77	42
	$413,000	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$14.54	$10.98
	$5,453	$2,690
	36.6%	57.4%
	4.8%	11.2%
	58.7%	31.4%
Vacant Housing
	2.6%	1.9%
	1.2%	0.4%
	0.2%	0.7%
	0.3%	0.4%
	0.0%	3.6%
	0.6%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.0%	2.4%
	0.4%	2.8%
	0.0%	3.9%
	0.9%	4.5%
	2.5%	11.3%
	6.4%	13.0%
	21.1%	20.1%
	23.3%	13.6%
	9.6%	8.3%
	15.4%	9.7%
	7.4%	3.9%
	9.2%	2.2%
	0.9%	0.8%
	1.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.1%	13.6%
	3.1%	13.6%
	3.3%	13.6%
	5.4%	13.2%
	9.6%	14.8%
	3.3%	13.6%
	8.6%	10.0%
	9.9%	4.7%
	45.8%	12.2%