Market Intelligence · MN / Minneapolis

Minneapolis, MN 55416 Housing Market

The typical home value in Minneapolis, MN 55416 is $409,904, down 0.8% over the past year as of 2026-08-01. Homes are listed at a median price of $429,950 and spend a median of 40 days on the market.

Updated August 2026Median value$410K

The median home value in Minneapolis, MN 55416 is $410K as of August 2026, down 0.8% 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 55416 range

$377K to $443K

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

-0.8% over 12 months

Typical home value in 55416 over the last 12 months: $413K in Aug 2025 to $410K in Aug 2026 (-0.8%).

Aug 2025$413K

Aug 2026$410K

The numbers

What is the 55416 housing market like?

Typical home value

$410K

Down0.8%YoY

Median list price

$430K

Down0.2%MoM

Days on market

40

Down18.4%MoM

Homes for sale

130

Up10.2%MoM

Price cuts

24.3%

Up14.6%MoM

New listings

64

Up18.5%MoM

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

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The comparison

How do 55416 home prices compare?

  • 55416$409,904
  • 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

As of 2026-08-01, there are 130 homes for sale in 55416, with 64 new listings coming on. The median list price is $429,950, while the typical home value is $409,904, down 0.8% over the past year. Homes are moving in a median of 40 days, and 24.3% of listings have had a price cut. That share of reductions suggests some sellers are starting above what buyers will pay. If you are thinking about selling, realistic pricing from day one matters more than it did a year ago.

Monthly payment

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20% · $81,981

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