Market Intelligence · MN / Minneapolis

Minneapolis, MN 55427 Housing Market

Homes in Minneapolis, MN 55427 have a typical value of $362,353, up 1.5% over the past year. The median list price is $362,200, with homes staying on the market for a median of 40 days.

Updated September 2026Median value$362K

The median home value in Minneapolis, MN 55427 is $362K 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 55427 range

$333K to $391K

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$357K

Low $357KHigh $366K

Sep 2026$362K

The numbers

What is the 55427 housing market like?

As of September 2026

Typical home value

$362K

1.5%YoY

Median list price

$362K

2.8%MoM

Days on market

2.6%MoM

Homes for sale

6.1%MoM

Price cuts

21.6%

26.9%MoM

New listings

50.0%MoM

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

The outlook

55427 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55427 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 55427 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 55427?

Zillow's forecast does not call for a drop: it expects typical home values in 55427 to rise 1.4% 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 55427 home prices compare?

55427$362,353
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 62 homes for sale in 55427 with 36 new listings entered the market. The median days on market sits at 40, a moderate pace suggesting neither a rushed sale nor extended vacancy. One notable factor is the share of listings with a price cut at 21.6%, indicating some sellers are adjusting expectations. While the typical home value has gained 1.5% over the past year, the presence of price cuts suggests that sellers should price strategically and be prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $72,471

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Rate (%)

Common questions

What people ask us.

What is the typical home value in 55427?

The typical home value in Minneapolis, MN 55427 is $362,353, up 1.5% over the past year.

How many homes are currently for sale in this ZIP?

As of September 2026, there are 62 homes for sale with 36 new listings.

How long do homes typically stay on the market here?

The median days on market in 55427 is 40 days as of September 2026.

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