Zip 55409 (Minneapolis, MN) Housing

Housing in 55409 Minneapolis, MN has a median value of $316,700 which is significantly lower than the US House median value of $338,100. While the US house appreciation rate is 8.27%, the 1 year appreciation rate for houses in 55409 Minneapolis, MN is 4.79%. This suggests that the housing market in this area is relatively stable but not as strong as other cities in the US.

The median home cost in Minneapolis (zip 55409) is $316,700. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55409) is up 7.1%.

Average Age of Homes

- The median age of Minneapolis (zip 55409) real estate is 78 years old

The Rental Market in Minneapolis (zip 55409)

- Renters make up 37.5% of the Minneapolis (zip 55409) population
- 2.0% of houses and apartments in Minneapolis (zip 55409), 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
	5,294.0	139,647,020.0
	50	42
	$316,700	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$13.62	$10.98
	$4,061	$2,690
	60.2%	57.4%
	8.9%	11.2%
	30.9%	31.4%
Vacant Housing
	2.0%	1.9%
	0.8%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	0.7%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	0.2%	2.4%
	0.4%	2.8%
	1.0%	3.9%
	0.7%	4.5%
	3.0%	11.3%
	11.6%	13.0%
	30.1%	20.1%
	25.3%	13.6%
	12.4%	8.3%
	10.1%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.4%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.6%	13.6%
	1.6%	13.6%
	1.2%	13.6%
	5.0%	13.2%
	8.2%	14.8%
	1.2%	13.6%
	6.1%	10.0%
	3.3%	4.7%
	68.4%	12.2%

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