Lowry Hill, Minneapolis, MN—55405
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lowry Hill, Minneapolis, MN
As of Oct '25, the median home price in Lowry Hill, Minneapolis, MN is $451,000, with a year-over-year change of 2.6%. This indicates that home prices in Lowry Hill, Minneapolis, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $451,000 | 2.6% |
| Single Family | $513,000 | 2.4% |
| Condos | $230,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $162,000 | -0.6% |
2 Bed | $313,000 | 2.6% |
3 Bed | $450,000 | 3.0% |
4 Bed | $695,000 | 2.2% |
| 5 Bed | $1,001,000 | 1.8% |
% of Housing Stock
Rental Trends — Lowry Hill, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Lowry Hill, Minneapolis, MN is $1,480, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Lowry Hill, Minneapolis, MN is studios: $911, 1-bedrooms: $1,160, 2-bedrooms: $1,810, 3-bedrooms: $2,740, 4-bedrooms: $3,030. The most common rental property sizes in Lowry Hill, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 37.9% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,480 |
| Studio Rent | $899 | $911 |
| 1 Bed Rent | $1,070 | $1,160 |
| 2 Bed Rent | $1,650 | $1,810 |
| 3 Bed Rent | $2,200 | $2,740 |
| 4 Bed Rent | $3,000 | $3,030 |
% of Rental Stock
Property Listings — Lowry Hill, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lowry Hill, Minneapolis, MN is 50. This is a decrease of -19.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $635,000 | 53.0% |
Listing Count | 45 | -20.0% |
| Listings as % of Homes | 0.2% | -20.0% |
Days on Market | 50 | -19.0% |
Demographics — Lowry Hill, Minneapolis, MN
As of the latest ACS Survey released in 2023, Lowry Hill, Minneapolis, MN has a population of 16,900, which has increased by 4.6% over the past 5 years. Lowry Hill, Minneapolis, MN is a moderately popular place for families, as children make up 16.8% of the population. The area has a highly educated workforce, with 59.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 4.6% |
% Under 18 | 16.8% | -7.2% |
% Seniors | 9.7% | 5.4% |
% WFH | 24.9% | 418.8% |
% w/ College Degree | 59.1% | 2.8% |
As of the latest ACS Survey released in 2023, Lowry Hill, Minneapolis, MN is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Lowry Hill, Minneapolis, MN is black, making up 24.8% of the population. Foreign-born residents account for 10.0% of the population in Lowry Hill, Minneapolis, MN, and this percentage has decreased by 26.5% 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 | 59.2% | -11.2% |
% Black | 24.8% | 59.0% |
% Hispanic | 5.4% | -18.2% |
% Asian | 4.0% | -23.1% |
% Foreign Born | 10.0% | -26.5% |
Mortgage and Risk — Lowry Hill, Minneapolis, MN
According to HUD data as of 2023, there were 159 mortgage originations in Lowry Hill, Minneapolis, MN, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lowry Hill, Minneapolis, MN. Investor activity is low, as 7.0% 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 | 159 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Lowry Hill, Minneapolis, MN
As of 2024, the percent of homes in Lowry Hill, Minneapolis, MN under the Section 8 program is 6.0%. 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 Lowry Hill, 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 | 657 |
Total Units Section 8 | 403 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,070 | $1,310 |
| 2 Bedroom | -$50 | $1,650 | $1,600 |
| 3 Bedroom | -$70 | $2,200 | $2,130 |
| 4 Bedroom | -$610 | $3,000 | $2,390 |
Affordability — Lowry Hill, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $451,000 |
| Median Household Income | $70,400 |