Market Intelligence · MN / Minneapolis

Minneapolis, MN 55409 Housing Market

Homes in Minneapolis 55409 have a typical value of $372,775, up 2.9% over the past year. The median list price stands at $299,550, with homes typically staying on the market for 33 days.

Updated September 2026Median value$373K

The median home value in Minneapolis, MN 55409 is $373K as of September 2026, up 2.9% 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 55409 range

$343K to $403K

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

+2.9% over 12 months

Sep 2025$362K

Low $362KHigh $373K

Sep 2026$373K

The numbers

What is the 55409 housing market like?

As of September 2026

Typical home value

$373K

2.9%YoY

Median list price

$300K

0.1%MoM

Days on market

13.2%MoM

Homes for sale

0.0%MoM

Price cuts

13.3%

72.3%MoM

New listings

20.0%MoM

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

The outlook

55409 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55409 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 55409 rose 2.9%, per the Zillow Home Value Index.

Will home prices drop in 55409?

Zillow's forecast does not call for a drop: it expects typical home values in 55409 to rise 1.7% by September 2027, after a 2.9% 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 55409 home prices compare?

55409$372,775
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

September 2026 shows 21 homes for sale in the ZIP, with 16 new listings added recently. The median days on market of 33 reflects a market moving at a steady pace. About 13.3% of listings have seen a price cut, which is a modest share suggesting sellers have generally priced homes close to current market value. For sellers, the combination of strong year-over-year appreciation and limited inventory gives you reasonable negotiating position, but steady marketing time means pricing matters.

Monthly payment

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Home price

Down payment20% · $74,555

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Common questions

What people ask us.

What is a typical home worth in 55409?

The typical home value in this ZIP is $372,775, up 2.9% over the past year.

How many homes are currently for sale?

There are 21 homes for sale as of September 2026, with 16 new listings recently added.

How long do homes typically stay on the market?

The median days on market is 33 as of September 2026.

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Nearby ZIP markets.

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