Uptown, Minneapolis, MN—55408
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Uptown, Minneapolis, MN
As of Oct '25, the median home price in Uptown, Minneapolis, MN is $283,000, with a year-over-year change of -0.9%. This indicates that home prices in Uptown, Minneapolis, MN are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | -0.9% |
| Single Family | $368,000 | 0.8% |
| Condos | $162,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $138,000 | -1.4% |
2 Bed | $243,000 | -2.8% |
3 Bed | $355,000 | 1.4% |
4 Bed | $428,000 | 2.1% |
| 5 Bed | $509,000 | 1.2% |
% of Housing Stock
Rental Trends — Uptown, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Uptown, Minneapolis, MN is $1,430, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Uptown, Minneapolis, MN is studios: $992, 1-bedrooms: $1,140, 2-bedrooms: $1,570, 3-bedrooms: $2,010, 4-bedrooms: $2,720. The most common rental property sizes in Uptown, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 46.7% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,430 |
| Studio Rent | $949 | $992 |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,500 | $1,570 |
| 3 Bed Rent | $1,900 | $2,010 |
| 4 Bed Rent | $2,700 | $2,720 |
% of Rental Stock
Property Listings — Uptown, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Uptown, Minneapolis, MN is 48. This is a increase of 18.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | -23.0% |
Listing Count | 93 | -2.0% |
| Listings as % of Homes | 0.3% | -2.0% |
Days on Market | 48 | 18.0% |
Demographics — Uptown, Minneapolis, MN
As of the latest ACS Survey released in 2023, Uptown, Minneapolis, MN has a population of 32,500, which has increased by 4.6% over the past 5 years. Uptown, Minneapolis, MN is a less popular place for families, as children make up 13.6% of the population. The area has a highly educated workforce, with 58.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,500 | 4.6% |
% Under 18 | 13.6% | -6.8% |
% Seniors | 7.2% | 2.9% |
% WFH | 23.8% | 283.9% |
% w/ College Degree | 58.9% | 13.9% |
As of the latest ACS Survey released in 2023, Uptown, Minneapolis, MN is a predominantly white area, with 59.4% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Uptown, Minneapolis, MN is black, making up 17.4% of the population. Foreign-born residents account for 15.3% of the population in Uptown, Minneapolis, MN, and this percentage has decreased by 24.3% 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 | 59.4% | -1.8% |
% Black | 17.4% | -0.6% |
% Hispanic | 11.3% | -25.7% |
% Asian | 4.8% | 45.5% |
% Foreign Born | 15.3% | -24.3% |
Mortgage and Risk — Uptown, Minneapolis, MN
According to HUD data as of 2023, there were 299 mortgage originations in Uptown, Minneapolis, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Uptown, Minneapolis, MN. Investor activity is low, as 14.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 14.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Uptown, Minneapolis, MN
As of 2024, the percent of homes in Uptown, Minneapolis, MN under the Section 8 program is 5.4%. 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. In Uptown, Minneapolis, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,211 |
Total Units Section 8 | 715 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 85.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,100 | $1,490 |
| 2 Bedroom | $320 | $1,500 | $1,820 |
| 3 Bedroom | $520 | $1,900 | $2,420 |
| 4 Bedroom | $10 | $2,700 | $2,710 |
Affordability — Uptown, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $283,000 |
| Median Household Income | $72,400 |