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Minneapolis city, MN

ZIP 55417 — 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 55417

Median Home Value
$368,400
Median Rent
$1,271
Affordability Snapshot
$101,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,367/mo PITI).

12%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

24.2 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 55417 in Minneapolis city, MN, a household would need roughly $101,000 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 $2,367. That sits below the local median household income ($122,639), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
82.5%+26% vs US avg
x
Vacancy Rate
5.4%-48% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
17.8%+39% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
21.8%-43% vs US avg
x
$368,400
Home Value
$1,271
Rent
1944
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 detached80.0%
  • 1-unit attached2.9%
  • 2-9 units6.3%
  • 10+ units10.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$368,400
Median rent$1,271
Owner-occupied82.5%
Vacant5.4%
Price-to-income3.0x
Est. income to buy$101,000