Market Intelligence · MN / Minneapolis

Minneapolis, MN 55406 Housing Market

The typical home value in Minneapolis 55406 is $352,910, up 2.4% over the past year. The median list price is $335,700, and homes are taking a median of 28 days on market.

Updated June 2026Median value$353K

The median home value in Minneapolis, MN 55406 is $353K as of June 2026, up 2.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 55406 range

$325K to $381K

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

+2.4% over 12 months

Typical home value in 55406 over the last 12 months: $345K in Jun 2025 to $353K in Jun 2026 (+2.4%).

Jun 2025$345K

Jun 2026$353K

The numbers

What is the 55406 housing market like?

Typical home value

$353K

Up2.4%YoY

Median list price

$336K

Days on market

28

Up115.4%MoM

Homes for sale

41

Price cuts

10.6%

New listings

56

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 55406 home prices compare?

  • 55406$352,910
  • Minneapolis$350,913
  • Minnesota$305,984
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 719 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there were 41 homes for sale in this part of Minneapolis, with 56 new listings added. The median list price sits at $335,700, while the typical home value is $352,910, up 2.4% over the past year. About 10.6% of listings carried a price cut, and the median time on market was 28 days. For sellers, the market is moving at a steady pace, so pricing carefully against recent local activity matters.

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