The story of this market
The typical home in ZIP 55412 sells for about $239,000, or $165 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,401 a month.
ZIP 55412 — Minneapolis
The 55412 housing market remains stable with modest price appreciation driven by demand for affordable entry-level housing. While inventory remains tight, the market is characterized by steady activity and a focus on residential renovation, reflecting broader trends in the Minneapolis urban core.
This ZIP is well-suited for first-time homebuyers and investors seeking entry-level price points in the Minneapolis market, as well as renters looking for proximity to the city center.
Median prices moved up 2.1% year over year.
Homes spend a median of 38 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.9% · poverty 15.9% — a mixed stability 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 6.6%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55412, 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 55412 area remain higher than the Minneapolis city average, with ongoing efforts by local law enforcement to address property and violent crime trends.
Schools serving the area are part of the Minneapolis Public Schools district, which faces ongoing challenges regarding academic performance and resource allocation compared to suburban counterparts.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and winter weather, with no specific high-risk flood zones identified as primary market drivers.
Economic momentum is driven by proximity to the Minneapolis urban core, with ongoing small-scale residential infill and renovation projects rather than large-scale corporate campus developments.
Property taxes are assessed by Hennepin County based on market value, with rates influenced by city-wide levies and school district referendums.
Residents benefit from direct access to I-94 and Highway 100, providing a standard 15-20 minute commute to downtown Minneapolis employment hubs.
The area features several local parks including North Mississippi Regional Park and proximity to the Mississippi River trails, offering significant outdoor recreational access.
The rental market is characterized by steady demand for affordable housing, with a significant presence of individual investors managing single-family rental properties.
The local economy is tied to the broader Minneapolis-St. Paul metropolitan area, with major employment sectors including healthcare, retail, and public administration.
The area is served by Metro Transit bus routes connecting to downtown Minneapolis and the broader light rail network.
Development is largely focused on urban renewal and the rehabilitation of existing housing stock.
Hennepin County Assessor manages property valuations with annual adjustments based on market sales data.
Parcels are subject to Minneapolis Public Schools district taxes and Hennepin County special service districts.
Property insurance premiums are consistent with urban Minnesota averages, with standard coverage for wind and hail damage.
Data retrieved from data.census.gov ZCTA-level tables.
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®4.611.9 mi
- Valleyfair4.217.2 mi
- Great Wolf Lodge | Minnesota3.911.4 mi
- Nickelodeon Universe4.511.9 mi
- Slick City Action Park4.57.5 mi
- U.S. Bank Stadium4.64 mi
- Grand Casino Arena4.611.2 mi
- Minneapolis Convention Center4.53.9 mi
- Minnesota State Fair4.77.1 mi
- Topgolf Brooklyn Center4.33.4 mi
- Mall of America®4.611.9 mi
- U.S. Bank Stadium4.64 mi
- Como Park Zoo & Conservatory4.77.8 mi
- Minneapolis Institute of Art4.84.6 mi
- Great Wolf Lodge | Minnesota3.911.4 mi
- Minneapolis Institute of Art4.84.6 mi
- Science Museum of Minnesota4.611.3 mi
- University of Minnesota Landscape Arboretum4.819 mi
- Union Depot4.511.7 mi
- Walker Art Center4.53.8 mi
- Como Park Zoo & Conservatory4.77.8 mi
- Minneapolis Sculpture Garden4.73.7 mi
- Centennial Lakes Park4.710.8 mi
- Lake Harriet Regional Park4.86.5 mi
- Elm Creek Park Reserve4.710.4 mi
- PropMD4.97.8 mi
- Topgolf Brooklyn Center4.33.4 mi
- National Sports Center4.510.1 mi
- Edinburgh USA4.46.3 mi
- The Minikahda Club4.45.6 mi
- Puttery4.73.2 mi
- Mall of America®4.611.9 mi
- Rosedale Center4.36.4 mi
- Ridgedale Center4.47.6 mi
- Karmel Mall4.15.1 mi
- Southdale Center4.29.9 mi
- Minneapolis-Saint Paul International Airport4.410.4 mi
- Shoyu3.710.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park along the Mississippi River with trails and nature center.
Community park featuring sports fields and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.