The story of this market
The typical home in ZIP 55414 sells for about $379,600, or $241 per square foot.
Prices are down 1.7% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,425 a month.
ZIP 55414 — Minneapolis
The 55414 housing market remains neutral, characterized by high rental demand due to the university presence and a stable but slow-moving sales market. Prices have seen a slight year-over-year decline, reflecting broader regional trends, while inventory remains constrained for single-family homes.
This ZIP is ideal for students, university faculty, and young professionals who prioritize proximity to campus and transit-oriented urban living over traditional single-family suburban space.
Median prices moved down 1.7% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.1% · poverty 36.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55414, 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.
Crime rates in the area are higher than the regional average, largely driven by the high density of the University of Minnesota campus and surrounding urban commercial corridors.
The area is served by Minneapolis Public Schools, which offer a diverse range of magnet and community programs, though performance ratings vary significantly by individual school site.
The area faces standard urban risks, including localized flood potential near the Mississippi River and typical Midwestern wind/storm exposure; insurance markets remain stable.
Economic momentum is anchored by the University of Minnesota and proximity to the Minneapolis central business district, with ongoing mixed-use redevelopment along the riverfront.
Property taxes are assessed by Hennepin County based on market value; the area is subject to Minneapolis municipal levies and specific school district referendums.
The ZIP offers excellent transit connectivity via the METRO Green Line light rail and multiple bus corridors, providing direct access to both downtown Minneapolis and St. Paul.
Residents have immediate access to the Mississippi River parkway system, numerous neighborhood parks, and the vibrant dining and retail districts of Dinkytown and Stadium Village.
The rental market is highly active due to the large student population, resulting in high turnover and consistent demand for multi-family housing units.
The economy is heavily influenced by the University of Minnesota, which serves as the primary employer, alongside a robust mix of retail, hospitality, and professional services.
The area is a major transit hub served by the METRO Green Line, providing high-frequency light rail service between the two downtown cores.
Development is focused on high-density residential and mixed-use projects near the light rail stations to accommodate student and workforce housing demand.
Parcels are subject to Minneapolis Public Schools (ISD 1) and various municipal utility and watershed district assessments.
Standard property insurance coverage is available; premiums are influenced by urban density and proximity to the river.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.68.6 mi
- Valleyfair4.217 mi
- Great Wolf Lodge | Minnesota3.98.3 mi
- Nickelodeon Universe4.58.6 mi
- Slick City Action Park4.512.7 mi
- U.S. Bank Stadium4.62.1 mi
- Grand Casino Arena4.66.1 mi
- Minneapolis Convention Center4.52.9 mi
- Minnesota State Fair4.72.2 mi
- Topgolf Brooklyn Center4.37.3 mi
- Mall of America®4.68.6 mi
- U.S. Bank Stadium4.62.1 mi
- Como Park Zoo & Conservatory4.73.1 mi
- Minneapolis Institute of Art4.83.1 mi
- Great Wolf Lodge | Minnesota3.98.3 mi
- Minneapolis Institute of Art4.83.1 mi
- Science Museum of Minnesota4.66.2 mi
- Union Depot4.56.7 mi
- Walker Art Center4.53.6 mi
- Minnesota State Capitol4.75.8 mi
- Como Park Zoo & Conservatory4.73.1 mi
- Minneapolis Sculpture Garden4.73.7 mi
- Centennial Lakes Park4.79.4 mi
- Lake Harriet Regional Park4.85.7 mi
- Boom Island Park4.72.8 mi
- Pool and Yacht Club4.76.4 mi
- Watergate Marina4.56.1 mi
- Topgolf Brooklyn Center4.37.3 mi
- National Sports Center4.512.5 mi
- Edinburgh USA4.410.7 mi
- The Minikahda Club4.45.7 mi
- Puttery4.72.7 mi
- Mall of America®4.68.6 mi
- Rosedale Center4.33.2 mi
- Twin Cities Premium Outlets4.511.2 mi
- Karmel Mall4.13.8 mi
- Ridgedale Center4.410.9 mi
- Minneapolis-Saint Paul International Airport4.46.4 mi
- Shoyu3.76.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive riverfront trails and green space.
Historic commercial district serving the university community.
Major collegiate football venue and event space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.