Loring Park, Minneapolis, MN 55403 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Loring Park, Minneapolis, MN—55403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$191,000

N/A

Household Income

$59,900

25.2% YoY Growth

Days on Market

92

26.0% Longer YoY

Home Price Forecast

-1.8%

Median Rent

$1,110

6.0% YoY Growth

1-Bed Rent

$1,200

0.8% YoY Growth

2-Bed Rent

$2,000

31.5% YoY Growth

3-Bed Rent

$3,450

34.0% YoY Growth

Home Price Trends — Loring Park, Minneapolis, MN

Loring Park, Minneapolis, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$191,000	N/A
Single Family	$768,000	1.2%
Condos	$169,000	-4.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$149,000	-3.9%

Rental Trends — Loring Park, Minneapolis, MN

As of July '25, Rentcast reports the average rent in Loring Park, Minneapolis, MN is $1,420, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Loring Park, Minneapolis, MN is studios: $946, 1-bedrooms: $1,230, 2-bedrooms: $2,130, 3-bedrooms: $3,510, 4-bedrooms: $10,000. The most common rental property sizes in Loring Park, Minneapolis, MN are 1-bedroom and studio, accounting for 56.7% and 24.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,110	$1,420
Studio Rent	$895	$946
1 Bed Rent	$1,200	$1,230
2 Bed Rent	$2,000	$2,130
3 Bed Rent	$3,450	$3,510
4 Bed Rent	$10,000	$10,000

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% of Rental Stock

Studio

24.2%

1 Bedroom

56.7%

2 Bedrooms

15.6%

3 Bedrooms

1.5%

4 Bedrooms

0.8%

5+ Bedrooms

1.2%

Property Listings — Loring Park, Minneapolis, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Loring Park, Minneapolis, MN is 85. This is a increase of 31.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$344,000	46.0%
Listing Count	59	-19.0%
Listings as % of Homes	0.6%	-19.0%
Days on Market	92	26.0%

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Demographics — Loring Park, Minneapolis, MN

As of the latest ACS Survey released in 2023, Loring Park, Minneapolis, MN has a population of 17,400, which has increased by 4.6% over the past 5 years. Loring Park, Minneapolis, MN is a less popular place for families, as children make up 6.7% of the population. The area has a highly educated workforce, with 59.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,400	4.6%
% Under 18	6.7%	1.5%
% Seniors	12.8%	6.7%
% WFH	22.0%	323.1%
% w/ College Degree	59.3%	-0.7%

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As of the latest ACS Survey released in 2023, Loring Park, Minneapolis, MN is a predominantly white area, with 68.7% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Loring Park, Minneapolis, MN is black, making up 14.8% of the population. Foreign-born residents account for 13.0% of the population in Loring Park, Minneapolis, MN, and this percentage has decreased by 11.6% 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	68.7%	-1.3%
% Black	14.8%	3.5%
% Hispanic	7.0%	7.7%
% Asian	4.7%	-7.8%
% Foreign Born	13.0%	-11.6%

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Mortgage and Risk — Loring Park, Minneapolis, MN

According to HUD data as of 2023, there were 183 mortgage originations in Loring Park, Minneapolis, MN, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Loring Park, Minneapolis, MN. Investor activity is low, as 3.0% 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	183
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	3.0%
% Second Loans	4.0%
% Cash Out Refinance	2.0%

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Rentals and Section 8 — Loring Park, Minneapolis, MN

As of 2024, the percent of homes in Loring Park, Minneapolis, MN under the Section 8 program is 14.1%. 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 Loring Park, 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	1,281
Total Units Section 8	1,258
% Rentals under Section 8	14.1%
% Occupied Section 8	86.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$160	$1,200	$1,360
2 Bedroom	-$340	$2,000	$1,660
3 Bedroom	-$1,240	$3,450	$2,210
4 Bedroom	-$7,520	$10,000	$2,480

Loring Park, Minneapolis, MN—55403

Key Metrics at a Glance

Home Price Trends — Loring Park, Minneapolis, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Loring Park, Minneapolis, MN

% of Rental Stock

Property Listings — Loring Park, Minneapolis, MN

Demographics — Loring Park, Minneapolis, MN

Race and Ethnicity

Mortgage and Risk — Loring Park, Minneapolis, MN

Mortgages

Rentals and Section 8 — Loring Park, Minneapolis, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Loring Park, Minneapolis, MN

Home Price to Income Ratio

Loring Park, Minneapolis, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Minneapolis, MN

Lowry Hill, Minneapolis, MN

North Loop, Minneapolis, MN

Phillips, Minneapolis, MN

Uptown, Minneapolis, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$191,000
Median Household Income	$59,900

Loring Park, Minneapolis, MN—55403

Key Metrics at a Glance

Home Price Trends — Loring Park, Minneapolis, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Loring Park, Minneapolis, MN

% of Rental Stock

Property Listings — Loring Park, Minneapolis, MN

Demographics — Loring Park, Minneapolis, MN

Race and Ethnicity

Mortgage and Risk — Loring Park, Minneapolis, MN

Mortgages

Rentals and Section 8 — Loring Park, Minneapolis, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Loring Park, Minneapolis, MN

Home Price to Income Ratio

Loring Park, Minneapolis, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Minneapolis, MN

Lowry Hill, Minneapolis, MN

North Loop, Minneapolis, MN

Phillips, Minneapolis, MN

Uptown, Minneapolis, MN

Frequently Asked Questions

What is the average home price in Loring Park, Minneapolis, MN 55403?

How have home prices in Loring Park, Minneapolis, MN 55403 changed over the past year?

What is the home price projection for Loring Park, Minneapolis, MN 55403?

What are the demographics of Loring Park, Minneapolis, MN 55403?

How long does it take homes to sell in Loring Park, Minneapolis, MN 55403?

What is the average rent price in Loring Park, Minneapolis, MN 55403?