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Market Intelligence · MN / Minneapolis

Minneapolis, MN 55404 Housing Market

The typical home value in Minneapolis 55404 is $235,958, up 0.2% over the past year. Homes on the market list at a median price of $208,250 and stay listed for a median of 83 days.

Updated September 2026Median value$236K

The median home value in Minneapolis, MN 55404 is $236K as of September 2026, up 0.2% 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 55404 range

$217K to $255K

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

+0.2% over 12 months

Typical home value in 55404 over the last 12 months: $236K in Sep 2025 to $236K in Sep 2026 (+0.2%).

Sep 2025$236K

Sep 2026$236K

The numbers

What is the 55404 housing market like?

Typical home value

$236K

Up0.2%YoY

Median list price

$208K

Up4.2%MoM

Days on market

83

Up18.6%MoM

Homes for sale

59

Up1.7%MoM

Price cuts

8.1%

Down58.6%MoM

New listings

14

Up16.7%MoM

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

The outlook

55404 housing market forecast 2027

+0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55404 to rise 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 55404 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 55404?

Zillow's forecast does not call for a drop: it expects typical home values in 55404 to rise 0.6% by September 2027, after a 0.2% rise 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 55404 home prices compare?

  • 55404$235,958
  • 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

As of September 2026, there are 59 homes for sale in 55404, with 14 new listings added recently. The median list price of $208,250 sits notably below the typical home value of $235,958, suggesting some pricing pressure in the market. Over the past year, home values have grown 0.2%, a modest gain that reflects steady but not robust appreciation. With homes averaging 83 days on market and only 8.1% of listings carrying a price cut, the market appears moderately balanced, though sellers should be realistic about pace.

Monthly payment

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20% · $47,192

Common questions

What people ask us.

What is a typical home worth in 55404?

The typical home value in Minneapolis 55404 is $235,958, up 0.2% over the past year.

How long do homes stay on the market here?

Homes in this ZIP spend a median of 83 days on market as of September 2026.

How many homes are for sale right now?

There are 59 homes for sale in 55404 as of September 2026, with 14 new listings added recently.

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