Zip 55412 (Minneapolis, MN) Housing

The housing market in 55412 Minneapolis, MN is a great option for potential homebuyers. The median value of a house in this zip code is $213,700, significantly lower than the US median value of $338,100. While the US has experienced an 8.27% increase in home values over the past year, 55412 Minneapolis has seen only a 4.79% appreciation rate in its housing market. This makes 55412 an attractive area for those looking to buy a house at an accessible price while still enjoying reasonable appreciation rates.

The median home cost in Minneapolis (zip 55412) is $213,700. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55412) is up 7.1%.

Average Age of Homes

- The median age of Minneapolis (zip 55412) real estate is 78 years old

The Rental Market in Minneapolis (zip 55412)

- Renters make up 32.1% of the Minneapolis (zip 55412) population
- 0.7% of houses and apartments in Minneapolis (zip 55412), 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
	9,397.0	139,647,020.0
	50	42
	$213,700	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$10.53	$10.98
	$1,913	$2,690
	68.0%	57.4%
	5.2%	11.2%
	26.8%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.6%	0.4%
	0.2%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	1.1%	2.4%
	0.8%	2.8%
	2.0%	3.9%
	4.5%	4.5%
	21.6%	11.3%
	30.0%	13.0%
	30.7%	20.1%
	5.5%	13.6%
	0.5%	8.3%
	1.0%	9.7%
	0.3%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.7%	13.6%
	3.7%	13.6%
	2.3%	13.6%
	5.3%	13.2%
	5.2%	14.8%
	2.3%	13.6%
	11.2%	10.0%
	10.6%	4.7%
	57.2%	12.2%

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