Area data
Minneapolis, MN — ZIP 55408
Population: 31,507 (Census ACS)
Home values & appreciation
- Median home value
- $295,627
- 1-year appreciation
- +1.5%
- 3-year appreciation
- -1.9%
- 5-year appreciation
- -4.7%
- 10-year appreciation
- +30.0%
- All-time peak (2022-06)
- $314,439
- House Price Index
- 442.4 (+2.4% YoY)
Market activity
- Median sale price
- $193,500
- Median list price
- $180,000
- Median days on market
- 57 days
- Sale-to-list ratio
- 98.3%
- Active listings
- 42
- 1-year forecast
- -0.3%
- New listings (monthly)
- 24
Rents
- Typical rent
- $1,513/mo
- 1-year rent change
- +3.1%
- 1BR fair-market rent
- $868/mo
- 3BR fair-market rent
- $1,515/mo
Affordability
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Housing stock
- Median year housing built
- 1,958
- Median annual property tax
- $4,824
- Mean commute to work
- 17 min
- Households with broadband internet
- 84.1%
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 →