US5.com
  1. Home
  2. States
  3. Minnesota
  4. ZIP 55410
  5. Housing & Real Estate
Minneapolis city, MN

ZIP 55410 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55410

Median Home Value
$597,400
Median Rent
$1,513
Affordability Snapshot
$164,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,838/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

32.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55410 in Minneapolis city, MN, a household would need roughly $164,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,838. That is roughly in line with the local median household income ($144,973). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.8%+22% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
96.4%+11% vs US avg
x
4+ Bedrooms
9.9%-33% vs US avg
x
Built Pre-1939
11.6%-10% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
18.3%-63% vs US avg
x
Mortgage-Free
29.7%-22% vs US avg
x
$597,400
Home Value
$1,513
Rent
1947
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached76.7%
  • 1-unit attached5.5%
  • 2-9 units7.4%
  • 10+ units10.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$597,400
Median rent$1,513
Owner-occupied79.8%
Vacant3.2%
Price-to-income4.1x
Est. income to buy$164,000