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Minneapolis city, MN

ZIP 55419 — 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 55419

Median Home Value
$479,000
Median Rent
$1,367
Affordability Snapshot
$132,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,077/mo PITI).

11%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

29.2 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 55419 in Minneapolis city, MN, a household would need roughly $132,000 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 $3,077. That is roughly in line with the local median household income ($143,254). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.1%+21% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
4.8%-67% vs US avg
x
Built Pre-1939
12.8%+0% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
16.1%-68% vs US avg
x
Mortgage-Free
25.1%-34% vs US avg
x
$479,000
Home Value
$1,367
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached77.5%
  • 1-unit attached3.9%
  • 2-9 units8.0%
  • 10+ units10.2%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$479,000
Median rent$1,367
Owner-occupied79.1%
Vacant3.8%
Price-to-income3.3x
Est. income to buy$132,000