Powderhorn Park, Minneapolis, MN—55407
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Powderhorn Park, Minneapolis, MN
As of Oct '25, the median home price in Powderhorn Park, Minneapolis, MN is $308,000, with a year-over-year change of 1.8%. This indicates that home prices in Powderhorn Park, Minneapolis, MN are increasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $308,000 | 1.8% |
| Single Family | $322,000 | 1.9% |
| Condos | $158,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $145,000 | 0.7% |
2 Bed | $268,000 | 1.9% |
3 Bed | $332,000 | 1.8% |
4 Bed | $362,000 | 2.3% |
| 5 Bed | $382,000 | 1.9% |
% of Housing Stock
Rental Trends — Powderhorn Park, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Powderhorn Park, Minneapolis, MN is $1,400, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Powderhorn Park, Minneapolis, MN is studios: $1,000, 1-bedrooms: $1,150, 2-bedrooms: $1,470, 3-bedrooms: $1,850, 4-bedrooms: $2,330. The most common rental property sizes in Powderhorn Park, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 39.2% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,400 |
| Studio Rent | $900 | $1,000 |
| 1 Bed Rent | $1,100 | $1,150 |
| 2 Bed Rent | $1,440 | $1,470 |
| 3 Bed Rent | $1,800 | $1,850 |
| 4 Bed Rent | $2,300 | $2,330 |
% of Rental Stock
Property Listings — Powderhorn Park, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Powderhorn Park, Minneapolis, MN is 40. This is a increase of 16.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $278,000 | -7.0% |
Listing Count | 92 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 40 | 16.0% |
Demographics — Powderhorn Park, Minneapolis, MN
As of the latest ACS Survey released in 2023, Powderhorn Park, Minneapolis, MN has a population of 37,000, which has decreased by -11.2% over the past 5 years. Powderhorn Park, Minneapolis, MN is a popular place for families, as children make up 25.1% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,000 | -11.2% |
% Under 18 | 25.1% | -9.1% |
% Seniors | 10.1% | 42.3% |
% WFH | 22.6% | 451.2% |
% w/ College Degree | 48.5% | 20.0% |
As of the latest ACS Survey released in 2023, Powderhorn Park, Minneapolis, MN is a predominantly white area, with 50.0% of the population identifying as white. The white population has grown by 8.7% in the last 5 years. The second most common race or ethnicity in Powderhorn Park, Minneapolis, MN is hispanic, making up 23.3% of the population. Foreign-born residents account for 18.1% of the population in Powderhorn Park, Minneapolis, MN, and this percentage has decreased by 20.3% 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 | 50.0% | 8.7% |
% Black | 18.4% | -17.5% |
% Hispanic | 23.3% | -7.2% |
% Asian | 1.9% | 11.8% |
% Foreign Born | 18.1% | -20.3% |
Mortgage and Risk — Powderhorn Park, Minneapolis, MN
According to HUD data as of 2023, there were 567 mortgage originations in Powderhorn Park, Minneapolis, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Powderhorn Park, Minneapolis, MN. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 567 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Powderhorn Park, Minneapolis, MN
As of 2024, the percent of homes in Powderhorn Park, Minneapolis, MN under the Section 8 program is 14.3%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Powderhorn Park, Minneapolis, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 878 |
Total Units Section 8 | 859 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,100 | $1,200 |
| 2 Bedroom | $30 | $1,440 | $1,470 |
| 3 Bedroom | $170 | $1,800 | $1,970 |
| 4 Bedroom | -$60 | $2,300 | $2,240 |
Affordability — Powderhorn Park, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $308,000 |
| Median Household Income | $78,200 |