The story of this market
The typical home in ZIP 55404 sells for about $199,000, or $115 per square foot.
Prices are down 4% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,082 a month.
ZIP 55404 — Minneapolis
The 55404 ZIP code is experiencing a decline in median home prices, down 4% year-over-year to $199,000. The market is characterized by a high renter population and significant cost-burden metrics. Many specific metrics such as rent and tax rates are not currently published at the ZIP level.
Median prices moved down 4.0% year over year.
Homes spend a median of 44 days on market with 2.8 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.7% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.1% · poverty 32.1% — elevated distress and economic pressure.
ZCTA 55404, 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.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Data retrieved from Census Reporter and United States Zip Codes
- Mall of America®4.67.4 mi
- Valleyfair4.214.6 mi
- Great Wolf Lodge | Minnesota3.96.9 mi
- Nickelodeon Universe4.57.4 mi
- Slick City Action Park4.511.9 mi
- U.S. Bank Stadium4.60.9 mi
- Grand Casino Arena4.67.9 mi
- Minneapolis Convention Center4.50.9 mi
- Minnesota State Fair4.74.6 mi
- Topgolf Brooklyn Center4.37.8 mi
- Mall of America®4.67.4 mi
- U.S. Bank Stadium4.60.9 mi
- Como Park Zoo & Conservatory4.75.5 mi
- Minneapolis Institute of Art4.80.6 mi
- Great Wolf Lodge | Minnesota3.96.9 mi
- Minneapolis Institute of Art4.80.6 mi
- Science Museum of Minnesota4.68.1 mi
- University of Minnesota Landscape Arboretum4.818.6 mi
- Union Depot4.58.6 mi
- Walker Art Center4.51.4 mi
- Como Park Zoo & Conservatory4.75.5 mi
- Minneapolis Sculpture Garden4.71.5 mi
- Centennial Lakes Park4.77.2 mi
- Lake Harriet Regional Park4.83.2 mi
- Boom Island Park4.72.2 mi
- Pool and Yacht Club4.77.3 mi
- Watergate Marina4.56.4 mi
- Lake of the Isles4.82.4 mi
- Topgolf Brooklyn Center4.37.8 mi
- Edinburgh USA4.411 mi
- The Minikahda Club4.43.2 mi
- Puttery4.71.5 mi
- Braemar Golf Course4.48.8 mi
- Mall of America®4.67.4 mi
- Rosedale Center4.35.7 mi
- Twin Cities Premium Outlets4.510.3 mi
- Ridgedale Center4.48.6 mi
- Karmel Mall4.11.3 mi
- Minneapolis-Saint Paul International Airport4.45.7 mi
- Shoyu3.75.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).