Fulton, Minneapolis, MN—55410
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fulton, Minneapolis, MN
As of Oct '25, the median home price in Fulton, Minneapolis, MN is $574,000, with a year-over-year change of 4.2%. This indicates that home prices in Fulton, Minneapolis, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $574,000 | 4.2% |
| Single Family | $602,000 | 4.2% |
| Condos | $248,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $215,000 | 2.4% |
2 Bed | $418,000 | 4.8% |
3 Bed | $540,000 | 4.4% |
4 Bed | $758,000 | 3.7% |
| 5 Bed | $1,173,000 | 2.9% |
% of Housing Stock
Rental Trends — Fulton, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Fulton, Minneapolis, MN is $2,540, with a year-over-year rent change of 6.3%. Per bedroom, the median rent as of July '25 in Fulton, Minneapolis, MN is studios: $1,200, 1-bedrooms: $1,380, 2-bedrooms: $3,020, 3-bedrooms: $2,560, 4-bedrooms: $3,110. The most common rental property sizes in Fulton, Minneapolis, MN are 2-bedroom and 1-bedroom, accounting for 42.2% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,540 |
| Studio Rent | $1,010 | $1,200 |
| 1 Bed Rent | $1,350 | $1,380 |
| 2 Bed Rent | $2,400 | $3,020 |
| 3 Bed Rent | $2,150 | $2,560 |
| 4 Bed Rent | $3,000 | $3,110 |
% of Rental Stock
Property Listings — Fulton, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fulton, Minneapolis, MN is 39. This is a increase of 23.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $685,000 | 21.0% |
Listing Count | 105 | -10.0% |
| Listings as % of Homes | 0.5% | -10.0% |
Days on Market | 39 | 23.0% |
Demographics — Fulton, Minneapolis, MN
As of the latest ACS Survey released in 2023, Fulton, Minneapolis, MN has a population of 20,400, which has remained stable by 0.0% over the past 5 years. Fulton, Minneapolis, MN is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 77.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,400 | 0.0% |
% Under 18 | 25.2% | 4.6% |
% Seniors | 14.9% | 15.5% |
% WFH | 32.1% | 200.0% |
% w/ College Degree | 77.5% | 8.1% |
As of the latest ACS Survey released in 2023, Fulton, Minneapolis, MN is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Fulton, Minneapolis, MN is hispanic, making up 4.4% of the population. Foreign-born residents account for 5.2% of the population in Fulton, Minneapolis, MN, and this percentage has decreased by 28.8% 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 | 86.1% | -2.8% |
% Black | 3.0% | 76.5% |
% Hispanic | 4.4% | 46.7% |
% Asian | 2.4% | -35.1% |
% Foreign Born | 5.2% | -28.8% |
Mortgage and Risk — Fulton, Minneapolis, MN
According to HUD data as of 2023, there were 492 mortgage originations in Fulton, Minneapolis, MN, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Fulton, Minneapolis, MN. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 492 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Fulton, Minneapolis, MN
As of 2024, the percent of homes in Fulton, Minneapolis, MN under the Section 8 program is 2.3%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fulton, Minneapolis, MN, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,350 | $1,550 |
| 2 Bedroom | -$510 | $2,400 | $1,890 |
| 3 Bedroom | $370 | $2,150 | $2,520 |
| 4 Bedroom | -$180 | $3,000 | $2,820 |
Affordability — Fulton, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $574,000 |
| Median Household Income | $145,000 |