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Minneapolis city, MN

ZIP 55454 — Housing & Real Estate

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

Low Income AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55454

Median Home Value
$184,700
Median Rent
$890
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,186/mo PITI).

40%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

7.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

17.3 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 55454 in Minneapolis city, MN, a household would need roughly $51,000 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 $1,186. That is about 93% above the local median household income ($26,429), 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
9.9%-85% vs US avg
x
Vacancy Rate
4.7%-55% vs US avg
x
Broadband Access
75.7%-13% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
62.3%+63% vs US avg
x
$184,700
Home Value
$890
Rent
1975
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached1.6%
  • 1-unit attached5.4%
  • 2-9 units13.5%
  • 10+ units79.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$184,700
Median rent$890
Owner-occupied9.9%
Vacant4.7%
Price-to-income7.0x
Est. income to buy$51,000