The story of this market
The typical home in ZIP 55401 sells for about $369,799, or $248 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,495 a month.
This ZIP has no home sales of its own, so its market figures come from Minneapolis, Minnesota (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 55401 — Minneapolis
The 55401 housing market is experiencing downward pressure on values with a 0.7% year-over-year decline and elevated vacancy rates. High inventory levels relative to demand suggest a cooling trend for this urban submarket.
This ZIP is well-suited for urban professionals, commuters, and investors who value proximity to the downtown core and modern multi-unit housing stock.
Median prices moved up 2.5% year over year.
Homes spend a median of 20 days on market with 2.8 months of supply — a fast-moving market.
29% of listings have cut prices · homes sell at 100.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 4.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55401, 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.
The area features a high concentration of remote workers and a significant share of relatively new multi-unit residential developments.
The ZIP is centrally located in Minneapolis, providing high accessibility to the city's primary employment cores via local transit and highway corridors.
The area is situated in the urban core with proximity to riverfront parks, trails, and the shopping and dining districts of downtown Minneapolis.
The rental market is characterized by a high renter share of 69% and elevated vacancy rates of approximately 9.0%, suggesting a competitive environment for landlords.
The local economy is anchored by the Minneapolis-St. Paul-Bloomington metro area, with a diverse mix of corporate headquarters and service-sector employers.
The area is served by major highway corridors and public transit infrastructure typical of the Minneapolis urban core.
Data retrieved from Census ZCTA profiles and local market reports.
- Mall of America®4.69 mi
- Valleyfair4.215.6 mi
- Great Wolf Lodge | Minnesota3.98.5 mi
- Nickelodeon Universe4.59 mi
- Slick City Action Park4.510.5 mi
- U.S. Bank Stadium4.60.9 mi
- Grand Casino Arena4.68.7 mi
- Minneapolis Convention Center4.51 mi
- Minnesota State Fair4.74.8 mi
- Topgolf Brooklyn Center4.36.1 mi
- Mall of America®4.69 mi
- U.S. Bank Stadium4.60.9 mi
- Como Park Zoo & Conservatory4.75.7 mi
- Minneapolis Institute of Art4.81.7 mi
- Great Wolf Lodge | Minnesota3.98.5 mi
- Minneapolis Institute of Art4.81.7 mi
- Science Museum of Minnesota4.68.8 mi
- University of Minnesota Landscape Arboretum4.818.9 mi
- Union Depot4.59.3 mi
- Walker Art Center4.51.4 mi
- Como Park Zoo & Conservatory4.75.7 mi
- Minneapolis Sculpture Garden4.71.4 mi
- Centennial Lakes Park4.78.5 mi
- Lake Harriet Regional Park4.84.3 mi
- Boom Island Park4.70.6 mi
- Watergate Marina4.57.8 mi
- Topgolf Brooklyn Center4.36.1 mi
- National Sports Center4.512.3 mi
- Edinburgh USA4.49.3 mi
- The Minikahda Club4.43.8 mi
- Puttery4.70.1 mi
- Mall of America®4.69 mi
- Rosedale Center4.35.1 mi
- Twin Cities Premium Outlets4.511.9 mi
- Ridgedale Center4.48.3 mi
- Karmel Mall4.12.5 mi
- Minneapolis-Saint Paul International Airport4.47.3 mi
- Shoyu3.77.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive trails and green space along the river.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 93.4% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $312,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.