The story of this market
The typical home in ZIP 55406 sells for about $340,000, or $250 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,281 a month.
ZIP 55406 — Minneapolis
The 55406 housing market remains competitive with a median sale price of $340,000, reflecting a 3% year-over-year increase. While sales volume has slowed compared to the previous year, the market maintains steady demand for available inventory. High interest rates continue to influence buyer purchasing power, keeping the market pace moderate.
Median prices moved up 3.0% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55406, Hennepin County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from U.S. Census Bureau ACS 5-year estimates via UnitedStatesZipCodes.org and Zip-Codes.com.
- Mall of America®4.66 mi
- Valleyfair4.214.9 mi
- Great Wolf Lodge | Minnesota3.95.7 mi
- Nickelodeon Universe4.56 mi
- Slick City Action Park4.514.2 mi
- U.S. Bank Stadium4.62.8 mi
- Grand Casino Arena4.66 mi
- Minneapolis Convention Center4.53.2 mi
- Minnesota State Fair4.73.6 mi
- Topgolf Brooklyn Center4.39.6 mi
- Mall of America®4.66 mi
- U.S. Bank Stadium4.62.8 mi
- Como Park Zoo & Conservatory4.74.5 mi
- Minnesota Zoo4.612 mi
- Minneapolis Institute of Art4.82.7 mi
- Minneapolis Institute of Art4.82.7 mi
- Science Museum of Minnesota4.66.1 mi
- Union Depot4.56.7 mi
- University of Minnesota Landscape Arboretum4.820 mi
- Walker Art Center4.53.7 mi
- Como Park Zoo & Conservatory4.74.5 mi
- Minneapolis Sculpture Garden4.73.8 mi
- Centennial Lakes Park4.77.2 mi
- Lake Harriet Regional Park4.84.2 mi
- Boom Island Park4.74.2 mi
- Pool and Yacht Club4.74.9 mi
- Watergate Marina4.54.1 mi
- White Sands Beach4.51.1 mi
- Topgolf Brooklyn Center4.39.6 mi
- Edinburgh USA4.412.9 mi
- The Minikahda Club4.44.8 mi
- Puttery4.73.7 mi
- Braemar Golf Course4.49.4 mi
- Mall of America®4.66 mi
- Rosedale Center4.35.6 mi
- Twin Cities Premium Outlets4.58.6 mi
- Ridgedale Center4.410.7 mi
- Karmel Mall4.13 mi
- Minneapolis-Saint Paul International Airport4.43.9 mi
- Shoyu3.74.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.