Downtown East, Minneapolis, MN—55415
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown East, Minneapolis, MN
As of Oct '25, the median home price in Downtown East, Minneapolis, MN is $335,000, with a year-over-year change of 7.5%. This indicates that home prices in Downtown East, Minneapolis, MN are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 7.6% |
| Single Family | N/A | N/A |
| Condos | $335,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $180,000 | 0.0% |
2 Bed | $511,000 | -1.9% |
3 Bed | $939,000 | -1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown East, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Downtown East, Minneapolis, MN is $2,160, with a year-over-year rent change of -17.2%. Per bedroom, the median rent as of July '25 in Downtown East, Minneapolis, MN is studios: $1,180, 1-bedrooms: $1,740, 2-bedrooms: $2,850, 3-bedrooms: $5,120. The most common rental property sizes in Downtown East, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 42.2% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,910 | $2,160 |
| Studio Rent | $1,200 | $1,180 |
| 1 Bed Rent | $1,780 | $1,740 |
| 2 Bed Rent | $2,500 | $2,850 |
| 3 Bed Rent | $4,850 | $5,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown East, Minneapolis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown East, Minneapolis, MN is 64. This is a decrease of -17.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $439,000 | 11.0% |
Listing Count | 63 | 4.0% |
| Listings as % of Homes | 1.1% | 4.0% |
Days on Market | 64 | -17.0% |
Demographics — Downtown East, Minneapolis, MN
As of the latest ACS Survey released in 2023, Downtown East, Minneapolis, MN has a population of 6,470, which has increased by 44.5% over the past 5 years. Downtown East, Minneapolis, MN is a less popular place for families, as children make up 11.0% of the population. The area has a highly educated workforce, with 69.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,470 | 44.5% |
% Under 18 | 11.0% | -20.3% |
% Seniors | 8.2% | 115.8% |
% WFH | 30.2% | 292.2% |
% w/ College Degree | 69.9% | 30.4% |
As of the latest ACS Survey released in 2023, Downtown East, Minneapolis, MN is a predominantly white area, with 60.8% of the population identifying as white. The white population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Downtown East, Minneapolis, MN is black, making up 18.6% of the population. Foreign-born residents account for 16.2% of the population in Downtown East, Minneapolis, MN, and this percentage has increased by 28.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.8% | 7.2% |
% Black | 18.6% | -37.6% |
% Hispanic | 4.0% | 48.1% |
% Asian | 9.5% | 120.9% |
% Foreign Born | 16.2% | 28.6% |
Mortgage and Risk — Downtown East, Minneapolis, MN
According to HUD data as of 2023, there were 88 mortgage originations in Downtown East, Minneapolis, MN, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown East, Minneapolis, MN. Investor activity is low, as 3.0% of loans were by investors. 1.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 1.0% |
Loan Activity
Rentals and Section 8 — Downtown East, Minneapolis, MN
Downtown East, Minneapolis, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 146 |
Total Units Section 8 | 146 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,780 | $2,070 |
| 2 Bedroom | $30 | $2,500 | $2,530 |
| 3 Bedroom | -$1,480 | $4,850 | $3,370 |
| 4 Bedroom | N/A | N/A | $3,770 |
Affordability — Downtown East, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $335,000 |
| Median Household Income | $126,000 |