Market Intelligence · MN / Minneapolis

Minneapolis, MN 55408 Housing Market

Homes in Minneapolis 55408 are valued at $286,983 on average, up 1.4% over the past year. The median list price sits at $211,225, with homes typically spending 49 days on the market before sale.

Updated September 2026Median value$287K

The median home value in Minneapolis, MN 55408 is $287K as of September 2026, up 1.4% 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 55408 range

$264K to $310K

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

+1.4% over 12 months

Sep 2025$283K

Low $283KHigh $289K

Sep 2026$287K

The numbers

What is the 55408 housing market like?

As of September 2026

Typical home value

$287K

1.4%YoY

Median list price

$211K

3.3%MoM

Days on market

38.0%MoM

Homes for sale

15.4%MoM

Price cuts

17.8%

17.0%MoM

New listings

7.1%MoM

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

The outlook

55408 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55408 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 55408 rose 1.4%, per the Zillow Home Value Index.

Will home prices drop in 55408?

Zillow's forecast does not call for a drop: it expects typical home values in 55408 to rise 1.1% by September 2027, after a 1.4% 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 55408 home prices compare?

55408$286,983
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 55408 area had 75 homes for sale as of September 2026, with 30 new listings added that month. The median days on market of 49 suggests a moderate pace of activity. About 17.8% of listings have seen price reductions, which is worth noting given the modest upward trend in home values. For sellers, this mix signals a market where price expectations matter more than they did a year ago.

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Down payment20% · $57,397

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Common questions

What people ask us.

What is the typical home value in 55408?

The typical home value in Minneapolis 55408 is $286,983, up 1.4% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market in 55408 is 49 days as of September 2026.

What share of homes have had price cuts?

As of September 2026, 17.8% of listings in the area have seen price reductions.

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Nearby ZIP markets.

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