Loring Park, Minneapolis, MN—55403
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $195,000 | N/A |
| Single Family | $778,000 | 1.4% |
| Condos | $172,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $152,000 | -3.8% |
2 Bed | $277,000 | -4.2% |
3 Bed | $542,000 | 0.9% |
4 Bed | $1,020,000 | 1.6% |
| 5 Bed | $1,254,000 | 1.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Loring Park, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Loring Park, Minneapolis, MN is 92. This is a increase of 37.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $388,000 | 72.0% |
Listing Count | 82 | -11.0% |
| Listings as % of Homes | 0.6% | -11.0% |
Days on Market | 92 | 37.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Loring Park, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $195,000 |
| Median Household Income | $59,900 |