Kingfield, Minneapolis, MN—55409
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kingfield, Minneapolis, MN
As of Oct '25, the median home price in Kingfield, Minneapolis, MN is $363,000, with a year-over-year change of 4.5%. This indicates that home prices in Kingfield, Minneapolis, MN are increasing. 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 | $363,000 | 4.5% |
| Single Family | $388,000 | 4.9% |
| Condos | $181,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | -1.2% |
2 Bed | $278,000 | 2.6% |
3 Bed | $384,000 | 4.9% |
4 Bed | $490,000 | 4.9% |
| 5 Bed | $597,000 | 4.0% |
% of Housing Stock
Rental Trends — Kingfield, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Kingfield, Minneapolis, MN is $1,410, with a year-over-year rent change of -9.6%. Per bedroom, the median rent as of July '25 in Kingfield, Minneapolis, MN is studios: $934, 1-bedrooms: $1,060, 2-bedrooms: $1,430, 3-bedrooms: $2,300. The most common rental property sizes in Kingfield, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 48.2% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,410 |
| Studio Rent | $895 | $934 |
| 1 Bed Rent | $1,020 | $1,060 |
| 2 Bed Rent | $1,320 | $1,430 |
| 3 Bed Rent | $2,350 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Kingfield, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Kingfield, Minneapolis, MN is 45. This is a increase of 97.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | -3.0% |
Listing Count | 28 | 1.0% |
| Listings as % of Homes | 0.4% | 1.0% |
Days on Market | 45 | 97.0% |
Demographics — Kingfield, Minneapolis, MN
As of the latest ACS Survey released in 2023, Kingfield, Minneapolis, MN has a population of 11,400, which has decreased by -2.3% over the past 5 years. Kingfield, Minneapolis, MN is a moderately popular place for families, as children make up 19.9% of the population. The area has a highly educated workforce, with 62.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,400 | -2.3% |
% Under 18 | 19.9% | 0.5% |
% Seniors | 12.2% | 0.0% |
% WFH | 22.8% | 330.2% |
% w/ College Degree | 62.6% | 17.2% |
As of the latest ACS Survey released in 2023, Kingfield, Minneapolis, MN is a predominantly white area, with 73.0% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Kingfield, Minneapolis, MN is black, making up 8.5% of the population. Foreign-born residents account for 8.3% of the population in Kingfield, Minneapolis, MN, and this percentage has decreased by 25.9% 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 | 73.0% | 3.7% |
% Black | 8.5% | 0.0% |
% Hispanic | 8.3% | -38.1% |
% Asian | 3.1% | -6.1% |
% Foreign Born | 8.3% | -25.9% |
Mortgage and Risk — Kingfield, Minneapolis, MN
According to HUD data as of 2023, there were 93 mortgage originations in Kingfield, Minneapolis, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Kingfield, Minneapolis, MN. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Kingfield, Minneapolis, MN
Kingfield, Minneapolis, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,020 | $1,340 |
| 2 Bedroom | $310 | $1,320 | $1,630 |
| 3 Bedroom | -$180 | $2,350 | $2,170 |
| 4 Bedroom | N/A | N/A | $2,430 |
Affordability — Kingfield, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $363,000 |
| Median Household Income | $98,100 |