The story of this market
The typical home in ZIP 55415 sells for about $314,970, or $340 per square foot.
Prices are down 19% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,870 a month.
ZIP 55415 — Minneapolis
The 55415 housing market is currently experiencing a cooling phase, evidenced by a significant year-over-year decline in median prices and a moderate supply of inventory. High interest rates and a shift in buyer sentiment have contributed to a less competitive environment compared to previous years. While the area remains a hub for new apartment construction, the for-sale market is adjusting to broader economic pressures.
This ZIP is ideal for young professionals and urban commuters who prioritize walkability, proximity to downtown employment hubs, and access to modern high-rise amenities.
Median prices moved down 19.0% year over year.
Homes spend a median of 58 days on market with 5.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 14.0% — 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 3.2%/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 4.0%/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 55415, 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 downtown Minneapolis area are higher than the national average, with property crime being the primary concern for residents and visitors.
Public schools serving this area are part of the Minneapolis Public Schools district, which faces ongoing challenges regarding performance metrics and resource allocation.
The area is primarily urban with low risk for wildfires, though localized flooding can occur during extreme weather events; standard urban insurance policies apply.
The area has seen significant residential development, adding nearly 3,000 new apartment units in the last decade, driven by its proximity to the central business district.
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 excellent access to the Minneapolis skyway system, Metro Transit light rail, and major highway corridors like I-35W and I-94.
The ZIP features proximity to the Mississippi River waterfront, Gold Medal Park, and the Mill City Museum, offering extensive walking trails and cultural amenities.
The rental market is highly active with a large supply of new luxury apartment inventory, leading to competitive pricing and moderate vacancy pressure.
The economy is anchored by major corporate headquarters in downtown Minneapolis, including finance, retail, and healthcare sectors.
The area is a central hub for the Metro Transit light rail system and provides easy access to major regional highway arteries.
Ongoing urban infill projects continue to prioritize high-density residential and mixed-use developments near the riverfront.
Hennepin County Assessor manages property valuations with annual adjustments based on market sales data.
Parcels are subject to Minneapolis Public Schools, Hennepin County, and various municipal special service districts.
Standard urban property insurance market with typical coverage requirements for high-rise and multi-family residential structures.
Data retrieved from data.census.gov ZCTA 55415 profile.
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®4.68.4 mi
- Valleyfair4.215.6 mi
- Great Wolf Lodge | Minnesota3.98 mi
- Nickelodeon Universe4.58.4 mi
- Slick City Action Park4.511.3 mi
- U.S. Bank Stadium4.60.2 mi
- Grand Casino Arena4.67.9 mi
- Minneapolis Convention Center4.50.9 mi
- Minnesota State Fair4.74.2 mi
- Topgolf Brooklyn Center4.36.8 mi
- Mall of America®4.68.4 mi
- U.S. Bank Stadium4.60.2 mi
- Como Park Zoo & Conservatory4.75.1 mi
- Minneapolis Institute of Art4.81.4 mi
- Great Wolf Lodge | Minnesota3.98 mi
- Minneapolis Institute of Art4.81.4 mi
- Science Museum of Minnesota4.68.1 mi
- Union Depot4.58.6 mi
- University of Minnesota Landscape Arboretum4.819.2 mi
- Walker Art Center4.51.6 mi
- Como Park Zoo & Conservatory4.75.1 mi
- Minneapolis Sculpture Garden4.71.7 mi
- Centennial Lakes Park4.78.2 mi
- Lake Harriet Regional Park4.84.1 mi
- Boom Island Park4.71.3 mi
- Pool and Yacht Club4.77.7 mi
- Watergate Marina4.57 mi
- Topgolf Brooklyn Center4.36.8 mi
- National Sports Center4.512.7 mi
- Edinburgh USA4.410 mi
- The Minikahda Club4.43.9 mi
- Puttery4.70.8 mi
- Mall of America®4.68.4 mi
- Rosedale Center4.34.9 mi
- Twin Cities Premium Outlets4.511.3 mi
- Ridgedale Center4.48.8 mi
- Karmel Mall4.12.2 mi
- Minneapolis-Saint Paul International Airport4.46.6 mi
- Shoyu3.76.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A prominent urban park located near the Mississippi River.
A historic site built into the ruins of a flour mill.
Home of the Minnesota Vikings and major event venue.
Key-figure check: median price diverges 21.6% from the nearest retained anchor (published ten-year series (2026)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $383,000 (21.6% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $383,000 (+21.6% vs the published ten-year series (2026)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.