University District, Minneapolis, MN—55414
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University District, Minneapolis, MN
As of Oct '25, the median home price in University District, Minneapolis, MN is $336,000, with a year-over-year change of -3.5%. This indicates that home prices in University District, Minneapolis, MN are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $336,000 | -3.5% |
| Single Family | $356,000 | 0.3% |
| Condos | $290,000 | -13.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $229,000 | 1.3% |
2 Bed | $341,000 | -3.1% |
3 Bed | $346,000 | 1.5% |
4 Bed | $369,000 | 0.0% |
| 5 Bed | $398,000 | -0.7% |
% of Housing Stock
Rental Trends — University District, Minneapolis, MN
As of July '25, Rentcast reports the average rent in University District, Minneapolis, MN is $1,810, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in University District, Minneapolis, MN is studios: $1,060, 1-bedrooms: $1,170, 2-bedrooms: $1,520, 3-bedrooms: $1,780, 4-bedrooms: $2,460. The most common rental property sizes in University District, Minneapolis, MN are 2-bedroom and 1-bedroom, accounting for 34.2% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $1,810 |
| Studio Rent | $1,040 | $1,060 |
| 1 Bed Rent | $1,050 | $1,170 |
| 2 Bed Rent | $1,550 | $1,520 |
| 3 Bed Rent | $1,750 | $1,780 |
| 4 Bed Rent | $2,500 | $2,460 |
% of Rental Stock
Property Listings — University District, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in University District, Minneapolis, MN is 47. This is a increase of 8.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $312,000 | 1.0% |
Listing Count | 47 | 25.0% |
| Listings as % of Homes | 0.2% | 25.0% |
Days on Market | 47 | 8.0% |
Demographics — University District, Minneapolis, MN
As of the latest ACS Survey released in 2023, University District, Minneapolis, MN has a population of 33,700, which has decreased by -2.8% over the past 5 years. University District, Minneapolis, MN is a less popular place for families, as children make up 4.7% of the population. The area has a highly educated workforce, with 67.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,700 | -2.8% |
% Under 18 | 4.7% | -19.0% |
% Seniors | 4.9% | 22.5% |
% WFH | 18.4% | 513.3% |
% w/ College Degree | 67.6% | 3.2% |
As of the latest ACS Survey released in 2023, University District, Minneapolis, MN is a predominantly white area, with 65.7% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in University District, Minneapolis, MN is asian, making up 12.4% of the population. Foreign-born residents account for 16.1% of the population in University District, Minneapolis, MN, and this percentage has decreased by 4.7% 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 | 65.7% | -5.2% |
% Black | 8.0% | 8.1% |
% Hispanic | 7.8% | 73.3% |
% Asian | 12.4% | -13.3% |
% Foreign Born | 16.1% | -4.7% |
Mortgage and Risk — University District, Minneapolis, MN
According to HUD data as of 2023, there were 149 mortgage originations in University District, Minneapolis, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in University District, Minneapolis, MN. Investor activity is high, as 23.0% 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 | 149 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 23.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — University District, Minneapolis, MN
As of 2024, the percent of homes in University District, Minneapolis, MN under the Section 8 program is 4.1%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in University District, Minneapolis, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 655 |
Total Units Section 8 | 472 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,050 | $1,370 |
| 2 Bedroom | $120 | $1,550 | $1,670 |
| 3 Bedroom | $470 | $1,750 | $2,220 |
| 4 Bedroom | -$10 | $2,500 | $2,490 |
Affordability — University District, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $336,000 |
| Median Household Income | $47,000 |