Market Intelligence · MN / Minneapolis

Minneapolis, MN 55406 Housing Market

Homes in Minneapolis 55406 have a typical value of $342,706, up 2.2% over the past year. The median list price sits at $344,750, with homes spending a median of 31 days on market as of September 2026.

Updated September 2026Median value$343K

The median home value in Minneapolis, MN 55406 is $343K as of September 2026, up 2.2% 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 55406 range

$315K to $370K

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

+2.2% over 12 months

Sep 2025$335K

Low $335KHigh $343K

Sep 2026$343K

The numbers

What is the 55406 housing market like?

As of September 2026

Typical home value

$343K

2.2%YoY

Median list price

$345K

1.4%MoM

Days on market

6.9%MoM

Homes for sale

8.0%MoM

Price cuts

10.8%

36.4%MoM

New listings

13.6%MoM

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

The outlook

55406 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55406 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 55406 rose 2.2%, per the Zillow Home Value Index.

Will home prices drop in 55406?

Zillow's forecast does not call for a drop: it expects typical home values in 55406 to rise 1.7% by September 2027, after a 2.2% 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 55406 home prices compare?

55406$342,706
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 neighborhood has 54 homes for sale and 50 new listings as of September 2026, suggesting steady inventory flow. The median days on market of 31 indicates homes are moving at a moderate pace. About 10.8% of listings have seen a price cut, which is a sign that some sellers are adjusting expectations. The year-over-year value gain of 2.2% is modest but positive. For sellers, this market rewards realistic pricing and good condition, since buyer interest is selective rather than competitive.

Monthly payment

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Home price

Down payment20% · $68,541

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Common questions

What people ask us.

What is the typical home value in 55406?

The typical home value is $342,706 as of September 2026, up 2.2% over the past year.

How long do homes stay on market in 55406?

The median days on market is 31 as of September 2026.

What is the median list price in 55406?

The median list price is $344,750 as of September 2026.

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Nearby ZIP markets.

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