Minneapolis, MN 55430 Real Estate Market Report

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

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

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

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

Key Findings

1. The primary market value signal is the median sold price of 283,000, which reflects recent transaction activity and suggests current market value for SFR and condominium properties in ZIP 55430; this is the most reliable price indicator and should guide valuation and underwriting decisions.
2. The median days on market is 778, indicating slower sales velocity and prolonged time-to-contract in the sample; slower sales velocity may require sellers and agents to plan for extended marketing windows and buyers to expect longer negotiation timelines.
3. Financing conditions are a headwind: Current 30-year fixed mortgage rates averaging 6.49% combined with elevated interest rate pressure appear likely to constrain affordability and may moderate buyer competition despite stable price trends.
4. Inventory and pricing context show a median listing price of 270,000 versus the median sold price of 283,000 alongside a median price per square foot of 228 and median market rent of 1,275; the sample indicates relatively constrained active supply with a neutral market temperature, suggesting pricing friction but a generally balanced market where careful pricing strategy can drive successful closings.

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.