The housing market in 55410 Minneapolis, MN is very strong and desirable. Median values are well above the US median value of $338,100, standing at $508,600. The US 1 year house appreciation rate is 8.27%, while the appreciation rate for houses in this area is 4.79%. This indicates that even though prices are already high they are continuing to rise as people move into the area. The demand for housing here is high and it appears to be a great investment for anyone looking to buy property in the Minneapolis area.
The median home cost in Minneapolis (zip 55410) is $508,600. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55410) is up 7.1%.
Average Age of Homes
- The median age of Minneapolis (zip 55410) real estate is 69 years old
The Rental Market in Minneapolis (zip 55410)
- Renters make up 19.8% of the Minneapolis (zip 55410) population
- 0.6% of houses and apartments in Minneapolis (zip 55410), 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.