Area data
Minneapolis, MN — ZIP 55409
Population: 11,188 (Census ACS)
Home values & appreciation
- Median home value
- $381,600
- 1-year appreciation
- +2.2%
- 3-year appreciation
- +6.1%
- 5-year appreciation
- +5.4%
- 10-year appreciation
- +44.1%
- All-time peak (2026-03)
- $382,131
- House Price Index
- 429.3 (+3.3% YoY)
Market activity
- Median sale price
- $285,000
- Median list price
- $249,900
- Median days on market
- 68 days
- Sale-to-list ratio
- 96.9%
- Active listings
- 3
- 1-year forecast
- -0.1%
- New listings (monthly)
- 12
Rents
- Typical rent
- $1,536/mo
- 1-year rent change
- +4.5%
- 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
- 5
- Elementary schools
- 2
- Middle schools
- 2
- High schools
- 1
- Charter schools
- 4
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- coldWave, hail, strongWind, tornado, winterWeather
Climate (30-year normals)
- Average annual temperature
- 79.0°F
- Average high
- 80.0°F
- Average low
- 78.0°F
- Annual precipitation
- 48.3 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
- 16.2 / 20
- Transit service frequency
- 122
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Mississippi National River & Recreation Area (9 mi)
- Nearest airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (5 mi)
- Nearest major airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (5 mi)
- Hospitals nearby (~15 mi)
- 339
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- -6,126 tax filers
Housing stock
- Median year housing built
- 1,938
- Median annual property tax
- $4,635
- Mean commute to work
- 17 min
- Households with broadband internet
- 86.9%
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 →