Market Intelligence · MN / Minneapolis

Minneapolis, MN 55420 Housing Market

The typical home value in Minneapolis 55420 is $332,023, up 1.5% over the past year. The median list price stands at $339,950, with homes staying on the market for a median of 41 days.

Updated September 2026Median value$332K

The median home value in Minneapolis, MN 55420 is $332K as of September 2026, up 1.5% 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 55420 range

$305K to $359K

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

+1.5% over 12 months

Sep 2025$327K

Low $327KHigh $334K

Sep 2026$332K

The numbers

What is the 55420 housing market like?

As of September 2026

Typical home value

$332K

1.5%YoY

Median list price

$340K

0.7%MoM

Days on market

51.9%MoM

Homes for sale

8.6%MoM

Price cuts

15.4%

15.3%MoM

New listings

10.0%MoM

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

The outlook

55420 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55420 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 55420 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 55420?

Zillow's forecast does not call for a drop: it expects typical home values in 55420 to rise 1.5% by September 2027, after a 1.5% 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 55420 home prices compare?

55420$332,023
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, the 55420 ZIP has 38 homes for sale, with 22 new listings added recently. The market shows moderate activity, though 15.4% of listings have seen a price cut. This suggests some sellers are adjusting expectations in a market that has seen modest appreciation. If you are considering selling, expect a patient buyer pool and realistic pricing from the start.

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Common questions

What people ask us.

What is the typical home value in 55420?

The typical home value is $332,023, which represents a 1.5% increase over the past year.

How long do homes typically stay on the market in this ZIP?

Homes in 55420 have a median of 41 days on market as of September 2026.

What is the median list price?

The median list price is $339,950 as of September 2026.

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