Market Intelligence · MN / Minneapolis

Minneapolis, MN 55416 Housing Market

The typical home value in Minneapolis 55416 is $407,801, down 0.7% over the past year. Homes are listing at a median price of $410,000 and spending an average of 43 days on the market.

Updated September 2026Median value$408K

The median home value in Minneapolis, MN 55416 is $408K as of September 2026, down 0.7% 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 55416 range

$375K to $440K

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

-0.7% over 12 months

Sep 2025$411K

Low $407KHigh $413K

Sep 2026$408K

The numbers

What is the 55416 housing market like?

As of September 2026

Typical home value

$408K

0.7%YoY

Median list price

$410K

4.6%MoM

Days on market

7.5%MoM

Homes for sale

147

13.1%MoM

Price cuts

26.8%

10.2%MoM

New listings

9.4%MoM

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

The outlook

55416 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55416 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 55416 fell 0.7%, per the Zillow Home Value Index.

Will home prices drop in 55416?

Zillow's forecast does not call for a drop: it expects typical home values in 55416 to rise 1.3% by September 2027, after a 0.7% decline 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 55416 home prices compare?

55416$407,801
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

As of September 2026, there are 147 homes for sale in 55416, with 58 new listings added recently. The market shows signs of softening. A notable 26.8% of listings have already received price cuts, indicating that sellers are adjusting expectations to match buyer interest. With homes spending 43 days on the market before finding a buyer, this is a slower-moving market than many areas. If you're thinking about selling, expect a patient process and be prepared for the possibility of negotiation.

Monthly payment

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Home price

Down payment20% · $81,560

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Common questions

What people ask us.

What is the typical home value in 55416?

The typical home value is $407,801, which is down 0.7% over the past year.

How long do homes stay on the market in 55416?

The median days on market is 43 as of September 2026.

What share of homes have had price cuts?

26.8% of listings in 55416 have had a price cut, as of September 2026.

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Nearby ZIP markets.

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