The housing market in 55404 Minneapolis, MN is slightly lower than the median US housing value of $338,100 at $261,500. The 1 year appreciation rate in 55404 Minneapolis is also lower than the national rate of 8.27%, coming in at just 4.79%. This could indicate that the housing prices may not be rising as swiftly as it may be elsewhere, and homeowners could potentially benefit from this slower growth. Despite the lower median value and appreciation rate, 55404 Minneapolis still offers great options for potential buyers looking for a home in an urban environment with plenty of amenities to take advantage of.
The median home cost in Minneapolis (zip 55404) is $261,500. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55404) is up 7.1%.
Average Age of Homes
- The median age of Minneapolis (zip 55404) real estate is 58 years old
The Rental Market in Minneapolis (zip 55404)
- Renters make up 75.2% of the Minneapolis (zip 55404) population
- 4.3% of houses and apartments in Minneapolis (zip 55404), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.