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Minneapolis city, MN

ZIP 55411 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55411

Median Home Value
$233,500
Median Rent
$1,052
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,500/mo PITI).

24%
Rent-to-Income Ratio

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

4.4x
Home Price-to-Income Ratio

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

18.5 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 55411 in Minneapolis city, MN, a household would need roughly $64,000 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 $1,500. That is about 20% above the local median household income ($53,368), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
52.1%-20% vs US avg
x
Vacancy Rate
8.6%-17% vs US avg
x
Broadband Access
85.6%-2% vs US avg
x
4+ Bedrooms
7.9%-47% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
37.6%-24% vs US avg
x
Mortgage-Free
20.1%-47% vs US avg
x
$233,500
Home Value
$1,052
Rent
1944
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached54.9%
  • 1-unit attached4.8%
  • 2-9 units20.5%
  • 10+ units19.0%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$233,500
Median rent$1,052
Owner-occupied52.1%
Vacant8.6%
Price-to-income4.4x
Est. income to buy$64,000