Minneapolis, MN 55430 Real Estate Market Report

ZIP Code: 55430
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Minneapolis, MN (ZIP: 55430) shows a median sold price of $274,950, reflecting a competitive market environment. This price indicates a stable appreciation trend, contributing to a robust market despite elevated interest rate pressure. The neighborhood has increased 8% since 2025, suggesting a strong demand for properties despite the cautious buyer sentiment driven by current interest rates.

The market is characterized by elevated inventory levels, with a median days on market of 266, indicating a slower sales velocity. This extended time frame may suggest a need for adjustments in pricing strategies as buyers remain sensitive to payment structures. The overall market temperature is neutral, indicating a balance between supply and demand, though the elevated interest rates may be impacting transaction volumes and buyer urgency.

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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 the Minneapolis MN 55430 area average around 6.11% to 6.41%, which is notably lower than the 6.65% average seen one year ago in March 2025.

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 median sold price of $274,950 reflects a competitive market with significant year-over-year appreciation, having increased 8% since 2025.

2. With a median days on market of 266, the market is experiencing slower sales velocity, which may indicate pricing friction for sellers.

3. Elevated inventory levels suggest moderate sales activity, as buyers remain cautious amid current interest rate pressures.

4. The median market rent stands at $1,916, indicating strong rental demand and consistent year-over-year rent increases, which may attract investor interest.

5. Current 30-year fixed mortgage rates range from 6.11% to 6.41%, reflecting a slight decrease from last year's average, potentially easing some buyer concerns.

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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.