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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 →

Data compiled by REAIGENT7 — AI listing platform for real estate agents