Area data
Minneapolis, MN — ZIP 55404
Population: 28,920 (Census ACS)
Home values & appreciation
- Median home value
- $242,504
- 1-year appreciation
- +0.4%
- 3-year appreciation
- -1.9%
- 5-year appreciation
- -9.8%
- 10-year appreciation
- +25.3%
- All-time peak (2021-07)
- $268,996
- House Price Index
- 429.3 (+3.3% YoY)
Market activity
- Median sale price
- $275,000
- Median list price
- $249,900
- Median days on market
- 62 days
- Sale-to-list ratio
- 98.2%
- Active listings
- 68
- 1-year forecast
- -0.8%
- New listings (monthly)
- 13
Rents
- Typical rent
- $1,426/mo
- 1-year rent change
- +2.9%
- 1BR fair-market rent
- $943/mo
- 3BR fair-market rent
- $1,529/mo
Affordability
- Cost of living index (Average)
- 97.5 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 11
- Elementary schools
- 2
- Middle schools
- 1
- High schools
- 8
- Charter schools
- 4
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- coldWave, hail, strongWind, tornado, winterWeather
Climate (30-year normals)
- Annual precipitation
- 33.8 in
Air quality
- Air quality rating
- Moderate
- Median AQI (annual)
- 52
- Days with Good air quality
- 173
- Days with Unhealthy air quality
- 3
Walkability & transit
- Walkability index
- 14.2 / 20
- Transit service frequency
- 319
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Mississippi National River & Recreation Area (8 mi)
- Nearest airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (6 mi)
- Nearest major airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (6 mi)
- Hospitals nearby (~15 mi)
- 1
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- -6,126 tax filers
Housing stock
- Median year housing built
- 1,971
- Median annual property tax
- $3,588
- Mean commute to work
- 18 min
- Households with broadband internet
- 57.8%
Employment & development
- Total county employment
- 825,553
- Average weekly wage
- $1,697
- Top industries (by employment)
- Health Care, Professional Services, Finance & Insurance
- Annual residential building permits (county)
- 2,044
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →