Minneapolis, MN 55417 Real Estate Market Report

ZIP Code: 55417
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.

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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.

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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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 Minneapolis are averaging 6.4%, reflecting a stable market environment for property owners in this area compared to early 2026 origination levels.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $359,900 median sold price is the primary indicator of market value and recent transaction activity in 55417; with a median days on market of 239, these sales represent a slower sales velocity and suggest a representative recent sale pace in a market with relatively constrained active supply.

2. $325,000 median listing price sits below the median sold price, which may indicate pricing variation between seller expectations and completed transactions and could signal pricing friction that buyers can use during negotiations.

3. $310 median price per square foot, combined with a price year-over-year trend of up, suggests modest appreciation and supports modest growth expectations for SFR and condominium values in this ZIP code.

4. $1,772 median market rent is occurring while rent year-over-year trend is down; coupled with elevated interest rate pressure and local 30-year fixed mortgage rates averaging 6.4%, this divergence may reduce investor cash-flow upside near term and suggests caution for buy-to-rent acquisitions.

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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.

Minneapolis, MN 55417 Real Estate Market Report

ZIP Code: 55417
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.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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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 Minneapolis are averaging 6.4%, reflecting a stable market environment for property owners in this area compared to early 2026 origination levels.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of market value and recent transaction activity is the median sold price 199,900, and the price year-over-year trend is up, signaling modest appreciation pressure in recent transactions.

2. Although the market temperature is neutral, the long median days on market 314 indicates slower sales velocity; this, combined with elevated inventory relative to sales, may indicate increased pricing friction and more time required to transact at offer prices.

3. The median price per square foot 233 alongside a median market rent of 1,772 occurs while the rent year-over-year trend is down, suggesting softer rental demand within the ZIP compared with broader Minneapolis apartment rent behavior.

4. Elevated interest rate pressure (elevated) and Current 30-year fixed mortgage rates in Minneapolis are averaging 6.4%, which may temper buyer purchasing power and reinforce the observed slower transaction velocity.

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Notable Properties

The following 4 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.