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Minneapolis city, MN

ZIP 55418 — 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 55418

Median Home Value
$332,500
Median Rent
$1,225
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,136/mo PITI).

15%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

22.6 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 55418 in Minneapolis city, MN, a household would need roughly $92,000 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 $2,136. That is roughly in line with the local median household income ($95,630). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.6%+0% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
90.6%+4% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
11.2%-13% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
28.9%-24% vs US avg
x
$332,500
Home Value
$1,225
Rent
1948
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached62.9%
  • 1-unit attached3.5%
  • 2-9 units19.9%
  • 10+ units13.1%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$332,500
Median rent$1,225
Owner-occupied65.6%
Vacant6.2%
Price-to-income3.5x
Est. income to buy$92,000