The story of this market
The typical home in ZIP 55416 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 55416 — Minneapolis
The 55416 housing market is currently very competitive with a median sale price of $465,000, reflecting a 12% year-over-year increase. Homes are selling quickly with a median of 19 days on market. Several metrics including sales count, months of supply, and sale-to-list ratio are not currently published at the ZIP level.
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) — a stable, low-distress profile.
ZCTA 55416
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.
not determinable
- Mall of America®4.68.1 mi
- Valleyfair4.211.6 mi
- Great Wolf Lodge | Minnesota3.97.5 mi
- Nickelodeon Universe4.58.1 mi
- Slick City Action Park4.510.7 mi
- U.S. Bank Stadium4.64.6 mi
- Grand Casino Arena4.611.9 mi
- Minneapolis Convention Center4.53.8 mi
- Minnesota State Fair4.78.7 mi
- Topgolf Brooklyn Center4.39 mi
- Mall of America®4.68.1 mi
- U.S. Bank Stadium4.64.6 mi
- Como Park Zoo & Conservatory4.79.7 mi
- Minneapolis Institute of Art4.83.6 mi
- Valleyfair4.211.6 mi
- Minneapolis Institute of Art4.83.6 mi
- Science Museum of Minnesota4.612 mi
- University of Minnesota Landscape Arboretum4.814.5 mi
- Union Depot4.512.6 mi
- Walker Art Center4.53.1 mi
- Como Park Zoo & Conservatory4.79.7 mi
- Minneapolis Sculpture Garden4.73.1 mi
- Centennial Lakes Park4.75.6 mi
- Lake Harriet Regional Park4.82.2 mi
- Boom Island Park4.74.8 mi
- Wayzata Yacht Club4.87.8 mi
- PropMD4.96.9 mi
- Topgolf Brooklyn Center4.39 mi
- Edinburgh USA4.411.5 mi
- The Minikahda Club4.41.1 mi
- Puttery4.74.4 mi
- Braemar Golf Course4.45.8 mi
- Mall of America®4.68.1 mi
- Rosedale Center4.39.6 mi
- Twin Cities Premium Outlets4.511 mi
- Ridgedale Center4.44.8 mi
- Karmel Mall4.13 mi
- Minneapolis-Saint Paul International Airport4.47.6 mi
- Shoyu3.77.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 82.6% 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 $465,000 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.