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Minneapolis city, MN

ZIP 55413 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55413

Median Home Value
$354,200
Median Rent
$1,387
Affordability Snapshot
$97,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,275/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.3 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 55413 in Minneapolis city, MN, a household would need roughly $97,000 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 $2,275. That is about 15% above the local median household income ($84,252), 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
38.7%-41% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
91.8%+6% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
12.5%-75% vs US avg
x
Mortgage-Free
28.3%-26% vs US avg
x
$354,200
Home Value
$1,387
Rent
1963
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 detached22.7%
  • 1-unit attached6.7%
  • 2-9 units30.1%
  • 10+ units40.4%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$354,200
Median rent$1,387
Owner-occupied38.7%
Vacant7.7%
Price-to-income4.2x
Est. income to buy$97,000