Cedar-Riverside, Minneapolis, MN—55454
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar-Riverside, Minneapolis, MN
As of Nov '25, the median home price in Cedar-Riverside, Minneapolis, MN is $152,000, with a year-over-year change of -0.9%. This indicates that home prices in Cedar-Riverside, Minneapolis, MN are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | -0.9% |
| Single Family | $171,000 | 0.6% |
| Condos | $144,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $115,000 | 4.5% |
2 Bed | $159,000 | -5.9% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cedar-Riverside, Minneapolis, MN
As of July '25, Rentcast reports the average rent in Cedar-Riverside, Minneapolis, MN is $1,610, with a year-over-year rent change of 13.4%. Per bedroom, the median rent as of July '25 in Cedar-Riverside, Minneapolis, MN is studios: $1,350, 1-bedrooms: $1,490, 2-bedrooms: $1,800, 3-bedrooms: $1,800. The most common rental property sizes in Cedar-Riverside, Minneapolis, MN are 1-bedroom and 2-bedroom, accounting for 37.9% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,610 |
| Studio Rent | $1,250 | $1,350 |
| 1 Bed Rent | $1,240 | $1,490 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cedar-Riverside, Minneapolis, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in Cedar-Riverside, Minneapolis, MN is 137. This is a increase of 29.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | -3.0% |
Listing Count | 17 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 137 | 29.0% |
Demographics — Cedar-Riverside, Minneapolis, MN
As of the latest ACS Survey released in 2023, Cedar-Riverside, Minneapolis, MN has a population of 8,630, which has decreased by -14.7% over the past 5 years. Cedar-Riverside, Minneapolis, MN is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,630 | -14.7% |
% Under 18 | 24.6% | -1.6% |
% Seniors | 13.4% | 88.7% |
% WFH | 15.6% | 205.9% |
% w/ College Degree | 27.3% | 11.9% |
As of the latest ACS Survey released in 2023, Cedar-Riverside, Minneapolis, MN is a predominantly black area, with 57.8% of the population identifying as black. The black population has grown by 13.6% in the last 5 years. The second most common race or ethnicity in Cedar-Riverside, Minneapolis, MN is white, making up 25.2% of the population. Foreign-born residents account for 39.4% of the population in Cedar-Riverside, Minneapolis, MN, and this percentage has increased by 10.4% 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 | 25.2% | -16.8% |
% Black | 57.8% | 13.6% |
% Hispanic | 4.4% | 63.0% |
% Asian | 5.7% | -51.3% |
% Foreign Born | 39.4% | 10.4% |
Mortgage and Risk — Cedar-Riverside, Minneapolis, MN
According to HUD data as of 2023, there were 13 mortgage originations in Cedar-Riverside, Minneapolis, MN, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Cedar-Riverside, Minneapolis, MN. Investor activity is low, as 8.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 13 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 8.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 0.0% |
Rentals and Section 8 — Cedar-Riverside, Minneapolis, MN
Cedar-Riverside, Minneapolis, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,706 |
Total Units Section 8 | 1,168 |
% Rentals under Section 8 | 36.3% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,240 | $1,200 |
| 2 Bedroom | -$340 | $1,800 | $1,460 |
| 3 Bedroom | $170 | $1,800 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Cedar-Riverside, Minneapolis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $152,000 |
| Median Household Income | $26,400 |