How much is a home in 55406 worth?

The typical home value in 55406 is $345,958, up 2.1% over the past year. The median list price is $340,000.

How fast are homes selling in 55406?

Homes in 55406 are spending a median of 29 days on market. With 44 new listings recently added, buyers have options, so well-priced homes tend to move faster than overpriced ones.

Are sellers cutting prices in 55406?

Yes, 17.0% of listings in 55406 have had a price cut. That share suggests most listings are holding their asking price, but a meaningful portion of sellers have had to adjust.

Market Intelligence · MN / Minneapolis

Minneapolis, MN 55406 Housing Market

The typical home in Minneapolis, MN 55406 is valued at $345,958, up 2.1% over the past year. The median list price stands at $340,000, and homes are spending a median of 29 days on market. That is a fairly steady market by most measures.

Updated August 2026Median value$346K

The median home value in Minneapolis, MN 55406 is $346K as of August 2026, up 2.1% 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

$318K to $374K

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

+2.1% over 12 months

Aug 2025$339K

Low $339KHigh $346K

Aug 2026$346K

The numbers

What is the 55406 housing market like?

As of August 2026

Typical home value

$346K

2.1%YoY

Median list price

$340K

2.7%MoM

Days on market

11.5%MoM

Homes for sale

8.7%MoM

Price cuts

17.0%

72.4%MoM

New listings

4.3%MoM

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

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The comparison

How do 55406 home prices compare?

55406$345,958
Minneapolis$344,241
Minnesota$300,428
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Minneapolis: 48 ZIPs; Minnesota: 716 ZIPs; United States: 26,265 ZIPs).

Context

Values in 55406 have moved up modestly, with the typical home at $345,958, a gain of 2.1% over the past year. There are 50 homes for sale right now, with 44 new listings coming on, so buyers have a reasonable selection to work through. Homes are moving at a median of 29 days on market, which points to steady demand rather than a frenzy. Meanwhile, 17.0% of listings have taken a price cut, suggesting some sellers are starting out above where the market will meet them. For a seller, the honest read is that pricing realistically from day one matters more than testing the top of the range.

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