Minneapolis, MN 55412 Real Estate Market Report
ZIP Code: 55412
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 55412 area are averaging approximately 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The median sold price is 239,900, which should be treated as the primary indicator of local market value and recent transaction activity; recent price momentum is up based on available trend signals.
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The median days on market is 241, signaling slower sales velocity and suggesting pricing friction or longer negotiation timelines despite stable demand; given the market temperature is neutral, this slower velocity appears to reflect a balanced market rather than a clear buyer- or seller-driven imbalance.
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The median price per square foot is 211, supporting a relatively firm per-unit valuation for SFR and condominium stock; combined with a characterization of relatively constrained active supply in the analyzed sample, this suggests sellers can still achieve above-list outcomes in representative recent sales.
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The median market rent is 1,645, and interest rate pressure is described as moderate with current 30-year fixed mortgage rates averaging approximately 6.5% in the area, which may keep investor buying selective while supporting continued rental demand.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Minneapolis, MN 55412 Real Estate Market Report
ZIP Code: 55412
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 55412 area are averaging approximately 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood valuation is best represented by the median sold price of $83,000, which, combined with a year-over-year up price trend, suggests recent transaction-level appreciation and supports pricing based on realized sales rather than asking prices.
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The median days on market of 486 indicates materially slower sales velocity; this long time-to-contract may reflect pricing friction or buyer selectivity and suggests sellers should consider staged pricing or targeted marketing to reduce time on market. slower sales velocity
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The median price per square foot of $77.86 provides a clear per-unit valuation baseline for underwriting and comps; given the combination of rising prices and prolonged days on market, underwriters and investors should apply conservative hold-time assumptions and stress-test exit timing. contextual baseline
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Rental fundamentals show a median market rent of $1,500 alongside a up rent year-over-year trend, while interest rate pressure is reported as moderate and local 30-year fixed mortgage rates are averaging approximately 6.5%, which together suggest rental demand supports buy-to-rent strategies but financing costs should be carefully modeled.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.3% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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