Minneapolis, MN 55407 - Real Estate Investment Insights & Performance Data

Welcome to our 55407 real estate data hub, tailored for investors in Minneapolis, MN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 55407 in Minneapolis, MN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HENNEPIN COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Minneapolis, MN real estate investing. Uncover the wealth of information available, and position yourself for success in the Minneapolis property market.

• Location Overview

  • Zip Code: 55407
  • City: Minneapolis
  • State: MN
  • Metro Area: Minneapolis-St. Paul-Bloomington, MN-WI
  • County Name: HENNEPIN COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $295,957
  • Average Home Price (Single Family Homes): $304,152
  • Average Monthly Rental Price (All Types): $1,450
  • Price-to-Rent Ratio: 17
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.9%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,340
  • Average 3 Bedroom Section 8 Rental Rates: $1,820
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.41
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.55
  • Number of Units Offered in Section 8 in the County: 13332
  • Number of Occupied Units in Section 8 in the County: 12545
  • Percentage of Section 8 Units Occupied in the County: 94.09999847%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 348.88
  • Total % Appreciation since 2000 (Government Data): 138.07
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.89%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.45%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.04%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 18.71%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 93.06%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.2%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 94.74%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.28%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.26%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 14.99%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%