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  5. /Loring Park, Minneapolis, MN - 55403

Loring Park, Minneapolis, MN—55403

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$208,000
5.6% YoY Growth
Household Income
$59,900
25.2% YoY Growth
Days on Market
47
4.0% Shorter YoY
Home Price Forecast
-1.2%
Median Rent
$1,110
6.0% YoY Growth
1-Bed Rent
$1,200
0.8% YoY Growth
2-Bed Rent
$2,000
31.5% YoY Growth
3-Bed Rent
$3,450
34.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Loring Park, Minneapolis, MN

As of May '26, the median home price in Loring Park, Minneapolis, MN is $208,000, with a year-over-year change of -5.6%. This indicates that home prices in Loring Park, Minneapolis, MN are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$208,000-5.6%
Single Family $803,0000.4%
Condos $184,000-8.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $153,000
    -1.9%
    2 Bed
    		$284,0000.0%
    3 Bed
    		$562,0000.9%
    4 Bed
    		$1,033,0000.5%
    5 Bed $1,295,6070.3%
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    % of Housing Stock

    Studio
    20.8%
    1 Bedroom
    51.0%
    2 Bedrooms
    20.5%
    3 Bedrooms
    2.9%
    4 Bedrooms
    2.0%
    5+ Bedrooms
    2.8%

    Rental Trends — Loring Park, Minneapolis, MN

    As of July '25, Rentcast reports the average rent in Loring Park, Minneapolis, MN is $1,420, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Loring Park, Minneapolis, MN is studios: $946, 1-bedrooms: $1,230, 2-bedrooms: $2,130, 3-bedrooms: $3,510, 4-bedrooms: $10,000. The most common rental property sizes in Loring Park, Minneapolis, MN are 1-bedroom and studio, accounting for 56.7% and 24.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,110$1,420
    Studio Rent $895$946
    1 Bed Rent $1,200$1,230
    2 Bed Rent $2,000$2,130
    3 Bed Rent $3,450$3,510
    4 Bed Rent $10,000$10,000
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    % of Rental Stock

    Studio
    24.2%
    1 Bedroom
    56.7%
    2 Bedrooms
    15.6%
    3 Bedrooms
    1.5%
    4 Bedrooms
    0.8%
    5+ Bedrooms
    1.2%

    Property Listings — Loring Park, Minneapolis, MN

    As of May '26, Realtor.com reports that the median days on market for a home in Loring Park, Minneapolis, MN is 47. This is a decrease of -4.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$230,000-16.0%
    Listing Count
    		95-15.0%
    Listings as % of Homes0.6%-15.0%
    Days on Market
    		47-4.0%
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    Demographics — Loring Park, Minneapolis, MN

    As of the latest ACS Survey released in 2023, Loring Park, Minneapolis, MN has a population of 17,400, which has increased by 4.6% over the past 5 years. Loring Park, Minneapolis, MN is a less popular place for families, as children make up 6.7% of the population. The area has a highly educated workforce, with 59.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,4004.6%
    % Under 18
    		6.7%1.5%
    % Seniors
    		12.8%6.7%
    % WFH
    		22.0%323.1%
    % w/ College Degree
    		59.3%-0.7%
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    As of the latest ACS Survey released in 2023, Loring Park, Minneapolis, MN is a predominantly white area, with 68.7% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Loring Park, Minneapolis, MN is black, making up 14.8% of the population. Foreign-born residents account for 13.0% of the population in Loring Park, Minneapolis, MN, and this percentage has decreased by 11.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		68.7%-1.3%
    % Black
    		14.8%3.5%
    % Hispanic
    		7.0%7.7%
    % Asian
    		4.7%-7.8%
    % Foreign Born
    		13.0%-11.6%
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    Mortgage and Risk — Loring Park, Minneapolis, MN

    According to HUD data as of 2023, there were 183 mortgage originations in Loring Park, Minneapolis, MN, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Loring Park, Minneapolis, MN. Investor activity is low, as 3.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		183
    % Conventional Loans
    		98.0%
    % Government Loans
    		2.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		2.0%
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    Rentals and Section 8 — Loring Park, Minneapolis, MN

    As of 2024, the percent of homes in Loring Park, Minneapolis, MN under the Section 8 program is 14.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Loring Park, Minneapolis, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,281
    Total Units Section 8
    		1,258
    % Rentals under Section 8
    		14.1%
    % Occupied Section 8
    		86.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$160$1,200$1,360
    2 Bedroom-$340$2,000$1,660
    3 Bedroom-$1,240$3,450$2,210
    4 Bedroom-$7,520$10,000$2,480

    Affordability — Loring Park, Minneapolis, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$208,000
    Median Household Income$59,900

    Loring Park, Minneapolis, MN — ZIP Code Boundary Map

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    Frequently Asked Questions