Beltrami, Minneapolis, MN—55413
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beltrami, Minneapolis, MN
As of Oct '25, the median home price in Beltrami, Minneapolis, MN is $317,000, with a year-over-year change of 2.7%. This indicates that home prices in Beltrami, 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 | $317,000 | 2.7% |
| Single Family | $354,000 | 2.0% |
| Condos | $259,000 | 17.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $225,000 | -0.9% |
2 Bed | $333,000 | 0.3% |
3 Bed | $366,000 | 1.9% |
4 Bed | $399,000 | 2.0% |
| 5 Bed | $446,000 | 0.9% |
% of Housing Stock
Rental Trends — Beltrami, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Beltrami, Minneapolis, MN is $1,780, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Beltrami, Minneapolis, MN is studios: $1,340, 1-bedrooms: $1,520, 2-bedrooms: $1,710, 3-bedrooms: $2,450, 4-bedrooms: $2,480. The most common rental property sizes in Beltrami, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 45.2% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,690 | $1,780 |
| Studio Rent | $1,280 | $1,340 |
| 1 Bed Rent | $1,500 | $1,520 |
| 2 Bed Rent | $1,600 | $1,710 |
| 3 Bed Rent | $2,250 | $2,450 |
| 4 Bed Rent | $2,400 | $2,480 |
% of Rental Stock
Property Listings — Beltrami, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Beltrami, Minneapolis, MN is 28. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | -2.0% |
Listing Count | 32 | -19.0% |
| Listings as % of Homes | 0.3% | -19.0% |
Days on Market | 28 | -29.0% |
Demographics — Beltrami, Minneapolis, MN
As of the latest ACS Survey released in 2023, Beltrami, Minneapolis, MN has a population of 14,300, which has increased by 2.7% over the past 5 years. Beltrami, Minneapolis, MN is a less popular place for families, as children make up 11.2% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 2.7% |
% Under 18 | 11.2% | -14.5% |
% Seniors | 16.5% | 27.9% |
% WFH | 23.0% | 283.3% |
% w/ College Degree | 57.7% | 19.7% |
As of the latest ACS Survey released in 2023, Beltrami, Minneapolis, MN is a predominantly white area, with 70.9% of the population identifying as white. The white population has grown by 6.1% in the last 5 years. The second most common race or ethnicity in Beltrami, Minneapolis, MN is black, making up 12.1% of the population. Foreign-born residents account for 12.7% of the population in Beltrami, Minneapolis, MN, and this percentage has decreased by 26.2% 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 | 70.9% | 6.1% |
% Black | 12.1% | -16.0% |
% Hispanic | 6.4% | -44.3% |
% Asian | 4.0% | 11.1% |
% Foreign Born | 12.7% | -26.2% |
Mortgage and Risk — Beltrami, Minneapolis, MN
According to HUD data as of 2023, there were 164 mortgage originations in Beltrami, Minneapolis, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Beltrami, Minneapolis, MN. Investor activity is low, as 8.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Beltrami, Minneapolis, MN
As of 2024, the percent of homes in Beltrami, Minneapolis, MN under the Section 8 program is 5.8%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Beltrami, Minneapolis, MN, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 821 |
Total Units Section 8 | 262 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,500 | $1,430 |
| 2 Bedroom | $140 | $1,600 | $1,740 |
| 3 Bedroom | $70 | $2,250 | $2,320 |
| 4 Bedroom | $200 | $2,400 | $2,600 |
Affordability — Beltrami, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $317,000 |
| Median Household Income | $84,300 |