Zip 55418 (Minneapolis, MN) Housing

The housing market in 55418 Minneapolis, MN is slightly lower than the median value of homes across the United States. The median value of homes in 55418 Minneapolis, MN is $313,400 compared to the US median of $338,100. The US house appreciation rate over the past year has been 8.27%, while the appreciation rate in 55418 Minneapolis, MN was 4.79%. This indicates that while prices are still increasing in this area, it isn't quite as rapid as other parts of the country.

The median home cost in Minneapolis (zip 55418) is $313,400. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55418) is up 7.1%.

Average Age of Homes

- The median age of Minneapolis (zip 55418) real estate is 70 years old

The Rental Market in Minneapolis (zip 55418)

- Renters make up 32.6% of the Minneapolis (zip 55418) population
- 1.3% of houses and apartments in Minneapolis (zip 55418), 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
	14,480.0	139,647,020.0
	72	42
	$313,400	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$12.85	$10.98
	$3,504	$2,690
	60.1%	57.4%
	4.2%	11.2%
	35.8%	31.4%
Vacant Housing
	1.3%	1.9%
	0.3%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	0.5%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.3%	2.4%
	0.4%	2.8%
	0.6%	3.9%
	0.5%	4.5%
	4.9%	11.3%
	9.9%	13.0%
	48.7%	20.1%
	23.1%	13.6%
	6.9%	8.3%
	3.0%	9.7%
	0.5%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	2.4%	13.6%
	6.8%	13.2%
	6.5%	14.8%
	2.4%	13.6%
	18.6%	10.0%
	11.6%	4.7%
	39.8%	12.2%

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