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Minneapolis city, MN

ZIP 55415 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55415

Median Home Value
$581,500
Median Rent
$1,805
Affordability Snapshot
$160,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,735/mo PITI).

17%
Rent-to-Income Ratio

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

4.6x
Home Price-to-Income Ratio

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

26.8 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 55415 in Minneapolis city, MN, a household would need roughly $160,000 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 $3,735. That is about 27% above the local median household income ($126,480), 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
33.6%-49% vs US avg
x
Vacancy Rate
5.9%-43% vs US avg
x
Broadband Access
94.0%+8% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
14.5%-71% vs US avg
x
Mortgage-Free
25.3%-34% vs US avg
x
$581,500
Home Value
$1,805
Rent
2011
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached2.5%
  • 1-unit attached0.9%
  • 2-9 units1.2%
  • 10+ units95.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$581,500
Median rent$1,805
Owner-occupied33.6%
Vacant5.9%
Price-to-income4.6x
Est. income to buy$160,000