North Loop, Minneapolis, MN—55401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Loop, Minneapolis, MN
As of Oct '25, the median home price in North Loop, Minneapolis, MN is $307,000, with a year-over-year change of 2.9%. This indicates that home prices in North Loop, Minneapolis, MN are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 3.0% |
| Single Family | $437,000 | -2.7% |
| Condos | $302,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $265,000 | 0.8% |
2 Bed | $415,000 | 0.0% |
3 Bed | $749,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Loop, Minneapolis, MN
As of July '25, Rentcast reports the average rent in North Loop, Minneapolis, MN is $2,530, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in North Loop, Minneapolis, MN is studios: $1,480, 1-bedrooms: $2,020, 2-bedrooms: $3,650, 3-bedrooms: $4,310, 4-bedrooms: $5,000. The most common rental property sizes in North Loop, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 63.7% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,960 | $2,530 |
| Studio Rent | $1,450 | $1,480 |
| 1 Bed Rent | $1,800 | $2,020 |
| 2 Bed Rent | $3,200 | $3,650 |
| 3 Bed Rent | $4,000 | $4,310 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — North Loop, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in North Loop, Minneapolis, MN is 56. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -5.0% |
Listing Count | 102 | 8.0% |
| Listings as % of Homes | 0.8% | 8.0% |
Days on Market | 56 | 17.0% |
Demographics — North Loop, Minneapolis, MN
As of the latest ACS Survey released in 2023, North Loop, Minneapolis, MN has a population of 11,500, which has increased by 20.1% over the past 5 years. North Loop, Minneapolis, MN is a less popular place for families, as children make up 4.3% of the population. The area has a highly educated workforce, with 79.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 20.1% |
% Under 18 | 4.3% | -4.4% |
% Seniors | 12.1% | 28.7% |
% WFH | 31.0% | 507.8% |
% w/ College Degree | 79.2% | 5.2% |
As of the latest ACS Survey released in 2023, North Loop, Minneapolis, MN is a predominantly white area, with 74.5% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in North Loop, Minneapolis, MN is asian, making up 8.8% of the population. Foreign-born residents account for 13.0% of the population in North Loop, Minneapolis, MN, and this percentage has decreased by 28.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.5% | 2.1% |
% Black | 4.7% | -44.0% |
% Hispanic | 8.0% | 175.9% |
% Asian | 8.8% | -16.2% |
% Foreign Born | 13.0% | -28.6% |
Mortgage and Risk — North Loop, Minneapolis, MN
According to HUD data as of 2023, there were 150 mortgage originations in North Loop, Minneapolis, MN, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in North Loop, Minneapolis, MN. Investor activity is low, as 6.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 150 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 6.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — North Loop, Minneapolis, MN
As of 2024, the percent of homes in North Loop, Minneapolis, MN under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in North Loop, Minneapolis, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 421 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,800 | $2,070 |
| 2 Bedroom | -$670 | $3,200 | $2,530 |
| 3 Bedroom | -$630 | $4,000 | $3,370 |
| 4 Bedroom | -$1,230 | $5,000 | $3,770 |
Affordability — North Loop, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $307,000 |
| Median Household Income | $116,000 |