Housing in Minneapolis, MN 55413 is relatively expensive compared to the median US house value. The median value of a house in the area is $326,700, which is slightly below the national median of $338,100. However, houses in Minneapolis have still appreciated over the past year. The appreciation rate for houses in Minneapolis was 4.79%, slightly lower than the national average of 8.27%. Despite the lower rate of appreciation, housing in Minneapolis remains an attractive option for potential home buyers.
The median home cost in Minneapolis (zip 55413) is $326,700. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Minneapolis (zip 55413) is up 7.1%.
Average Age of Homes
- The median age of Minneapolis (zip 55413) real estate is 76 years old
The Rental Market in Minneapolis (zip 55413)
- Renters make up 53.6% of the Minneapolis (zip 55413) population
- 4.8% of houses and apartments in Minneapolis (zip 55413), 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.