The story of this market
The typical home in ZIP 55410 sells for about $650,000, or $325 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,805 a month.
ZIP 55410 — Minneapolis
The 55410 housing market remains highly competitive, driven by low inventory and strong demand for the area's high-quality housing stock and proximity to the Chain of Lakes. Prices have seen steady year-over-year growth, supported by high median household incomes and a stable local economy. The market is currently balanced, with homes selling near list price in a relatively short timeframe.
This ZIP is ideal for families and professionals seeking a blend of urban accessibility and suburban-style green space, supported by high household incomes and strong school quality.
Median prices moved up 2.1% year over year.
Homes spend a median of 28 days on market with 2.4 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 2.3% — 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 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55410, 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.
Crime rates in the 55410 area are generally lower than the Minneapolis city-wide average, with the neighborhood characterized by stable residential safety trends.
The area is served by highly-rated public schools within the Minneapolis Public Schools district, often cited as a primary draw for families.
The area faces standard regional risks including severe summer storms and winter weather; flood risk is minimal for most residential parcels.
Economic momentum is driven by proximity to the Minneapolis employment core and the nearby Edina commercial corridor, with steady infill development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents benefit from direct access to major thoroughfares like Highway 100 and I-35W, providing efficient transit to downtown Minneapolis.
The ZIP features extensive access to the Chain of Lakes, including Lake Harriet and Bde Maka Ska, offering numerous trails, parks, and recreational amenities.
The rental market is characterized by high demand for single-family home rentals, with low vacancy rates and steady rent growth.
The local economy is anchored by the broader Minneapolis-St. Paul metro area, with strong representation in healthcare, retail, and professional services.
The area is well-served by arterial roads and public bus transit, with easy access to the regional highway network.
Development is largely constrained by the established nature of the neighborhood, focusing on residential upgrades and minor commercial improvements.
Hennepin County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to Minneapolis Public Schools and Hennepin County taxing jurisdictions.
Property insurance premiums are stable, reflecting the area's low-hazard profile and high-quality housing stock.
Data retrieved from Census Reporter and AreaOps profiles for ZCTA 55410.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.66 mi
- Valleyfair4.210.5 mi
- Great Wolf Lodge | Minnesota3.95.4 mi
- Nickelodeon Universe4.56 mi
- Slick City Action Park4.512.9 mi
- U.S. Bank Stadium4.65 mi
- Grand Casino Arena4.611 mi
- Minneapolis Convention Center4.54.3 mi
- Minnesota State Fair4.78.5 mi
- Topgolf Brooklyn Center4.310.7 mi
- Mall of America®4.66 mi
- U.S. Bank Stadium4.65 mi
- Como Park Zoo & Conservatory4.79.4 mi
- Minnesota Zoo4.612.2 mi
- Valleyfair4.210.5 mi
- Minneapolis Institute of Art4.83.7 mi
- Science Museum of Minnesota4.611.1 mi
- University of Minnesota Landscape Arboretum4.814.8 mi
- Union Depot4.511.8 mi
- Walker Art Center4.53.8 mi
- Como Park Zoo & Conservatory4.79.4 mi
- Minneapolis Sculpture Garden4.73.9 mi
- Centennial Lakes Park4.73.6 mi
- Lake Harriet Regional Park4.81 mi
- Boom Island Park4.75.7 mi
- Watergate Marina4.57.8 mi
- Lake Harriet4.40.9 mi
- Lake Harriet4.40.9 mi
- Topgolf Brooklyn Center4.310.7 mi
- The Minikahda Club4.41.7 mi
- Puttery4.75.1 mi
- Braemar Golf Course4.44.6 mi
- Brookview Golf Course and Lawn Bowling4.25 mi
- Mall of America®4.66 mi
- Rosedale Center4.39.8 mi
- Twin Cities Premium Outlets4.58.9 mi
- Ridgedale Center4.46.5 mi
- Karmel Mall4.12.9 mi
- Minneapolis-Saint Paul International Airport4.45.8 mi
- Shoyu3.76 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational hub featuring walking paths, a bandshell, and beach access.
The largest lake in Minneapolis, offering extensive trails and water activities.
A premier shopping and dining district bordering Edina and Minneapolis.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).