Minneapolis, MN—55402
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Minneapolis, MN
Home Price Trends — Minneapolis, MN
Minneapolis, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Minneapolis, MN
As of July '25, Rentcast reports the average rent in Minneapolis, MN is $1,390, with a year-over-year rent change of 19.8%. Per bedroom, the median rent as of July '25 in Minneapolis, MN is studios: $1,330, 1-bedrooms: $1,450. The most common rental property sizes in Minneapolis, MN are 1-bedroom and studio, accounting for 54.3% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,330 | $1,390 |
| Studio Rent | $1,330 | $1,330 |
| 1 Bed Rent | $1,450 | $1,450 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Minneapolis, MN is 82. This is a decrease of -40.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | 226.0% |
Listing Count | 1 | 0.0% |
| Listings as % of Homes | N/A | 0.0% |
Days on Market | 82 | -40.0% |
Demographics — Minneapolis, MN
As of the latest ACS Survey released in 2023, Minneapolis, MN has a population of 760, which has increased by 86.3% over the past 5 years. Minneapolis, MN is a less popular place for families, as children make up 0.0% of the population. The area has a highly educated workforce, with 59.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 760 | 86.3% |
% Under 18 | 0.0% | N/A |
% Seniors | 7.8% | 1,014.3% |
% WFH | 20.4% | ∞% |
% w/ College Degree | 59.7% | -1.5% |
As of the latest ACS Survey released in 2023, Minneapolis, MN is a predominantly white area, with 74.5% of the population identifying as white. The white population has grown by 32.8% in the last 5 years. The second most common race or ethnicity in Minneapolis, MN is black, making up 10.7% of the population. Foreign-born residents account for 12.1% of the population in Minneapolis, MN, and this percentage has decreased by 36.0% 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% | 32.8% |
% Black | 10.7% | -44.0% |
% Hispanic | 8.2% | 382.4% |
% Asian | 4.1% | -75.7% |
% Foreign Born | 12.1% | -36.0% |
Mortgage and Risk — Minneapolis, MN
Minneapolis, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Minneapolis, MN
Minneapolis, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,450 | $1,830 |
| 2 Bedroom | N/A | N/A | $2,230 |
| 3 Bedroom | N/A | N/A | $2,970 |
| 4 Bedroom | N/A | N/A | $3,330 |
Affordability — Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $69,800 |