Market Intelligence · MN / Minneapolis

Minneapolis, MN 55403 Housing Market

Homes in Minneapolis 55403 are down 7.5% in value over the past year, with a typical home value of $194,620. The median list price stands at $256,225, and homes take a median 69 days to sell.

Updated September 2026Median value$195K

The median home value in Minneapolis, MN 55403 is $195K as of September 2026, down 7.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 55403 range

$179K to $210K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-7.5% over 12 months

Sep 2025$210K

Low $195KHigh $210K

Sep 2026$195K

The numbers

What is the 55403 housing market like?

As of September 2026

Typical home value

$195K

7.5%YoY

Median list price

$256K

7.9%MoM

Days on market

1.5%MoM

Homes for sale

100

5.3%MoM

Price cuts

15.7%

18.7%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

55403 housing market forecast 2027

+0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55403 to stay roughly flat by September 2027 (up 0.1%).

Over the 12 months through September 2026, typical home values in 55403 fell 7.5%, per the Zillow Home Value Index.

Will home prices drop in 55403?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 55403 to stay roughly flat by September 2027 (up 0.1%), after a 7.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 55403 home prices compare?

55403$194,620
Minneapolis$342,662
Minnesota$298,219
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 716 ZIPs; United States: 26,262 ZIPs).

Context

The 55403 market has 100 homes for sale as of September 2026, with 18 new listings entering the market recently. Homes are spending 69 days on the market before sale, which signals a measured pace. About 15.7% of listings have seen a price cut, suggesting sellers are adjusting expectations downward. The gap between typical home value and median list price reflects the current conditions. If you're considering selling, expect a slower, more competitive environment than in recent years.

Monthly payment

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Home price

Down payment20% · $38,924

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Common questions

What people ask us.

What is a typical home value in Minneapolis 55403?

The typical home value in 55403 is $194,620 as of September 2026, down 7.5% over the past year.

How long do homes take to sell in 55403?

The median days on market is 69, reflecting a gradual sales cycle in this area.

What share of homes are seeing price cuts?

About 15.7% of listings have had a price reduction as of September 2026.

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Nearby ZIP markets.

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