View in Interactive Map

Uptown, Minneapolis, MN—55408

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$280,000
0.6% YoY Growth
Household Income
$72,400
31.9% YoY Growth
Days on Market
75
8.0% Longer YoY
Home Price Forecast
-0.3%
Median Rent
$1,300
3.4% YoY Growth
1-Bed Rent
$1,100
0.9% YoY Growth
2-Bed Rent
$1,500
1.3% YoY Growth
3-Bed Rent
$1,900
2.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Uptown, Minneapolis, MN

As of Dec '25, the median home price in Uptown, Minneapolis, MN is $280,000, with a year-over-year change of -0.6%. This indicates that home prices in Uptown, Minneapolis, MN are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$280,000-0.6%
Single Family $364,0001.4%
Condos $159,0001.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $134,000
    -1.5%
    2 Bed
    		$238,000-2.1%
    3 Bed
    		$352,0001.7%
    4 Bed
    		$423,0002.4%
    5 Bed $500,5071.3%
    Loading chart...

    % of Housing Stock

    Studio
    10.4%
    1 Bedroom
    39.2%
    2 Bedrooms
    28.3%
    3 Bedrooms
    13.9%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    1.5%

    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.

    TypeMedian RentAverage 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
    Loading chart...

    % of Rental Stock

    Studio
    13.7%
    1 Bedroom
    46.7%
    2 Bedrooms
    28.2%
    3 Bedrooms
    8.1%
    4 Bedrooms
    3.1%
    5+ Bedrooms
    0.3%

    Property Listings — Uptown, Minneapolis, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Uptown, Minneapolis, MN is 60. This is a increase of 5.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$225,000-29.0%
    Listing Count
    		64-2.0%
    Listings as % of Homes0.3%-2.0%
    Days on Market
    		758.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		32,5004.6%
    % Under 18
    		13.6%-6.8%
    % Seniors
    		7.2%2.9%
    % WFH
    		23.8%283.9%
    % w/ College Degree
    		58.9%13.9%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$280,000
    Median Household Income$72,400

    Uptown, Minneapolis, MN — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Kingfield, Minneapolis, MN

    55409

    Loring Park, Minneapolis, MN

    55403

    Lowry Hill, Minneapolis, MN

    55405

    Phillips, Minneapolis, MN

    55404

    Fulton, Minneapolis, MN

    55410

    Frequently Asked Questions