Corcoran 55340

Hennepin County, MN · 4,995 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

61affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden

24.4%

affordable

Days on market

daily

Price cuts

23.8%

of active

Valuation

-2.4%

vs assessor

Look up an address

/100

Stable

stable · balanced · prices rising year-over-year.

Price trend

Affordability

Valuation

Economic health

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

Balanced Market

DOM: 89d (rising) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)0

Valuation Gap (25%)60

Supply & Demand (20%)100

Buy vs Rent (15%)100

Cancellation Rate (10%)0

Days on Market (5%)75

Balanced market in 55340. List price is roughly fair — focus on condition and value. Payment burden: 24.0% of median income. Median days on market: 89. Renting is approximately 271% cheaper than buying (price-to-rent ratio: 44.5). Market appears 11% overpriced vs. assessed values.

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.

STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.

Address lookup$99 report path

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<iframe src="https://lotvox.com/embed/zip/55340" width="100%" height="300" style="border:0;border-radius:12px;overflow:hidden;max-width:640px" loading="lazy" title="Corcoran 55340 — Lotvox market card"></iframe>
<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/minneapolis/zip/55340?utm_source=embed&utm_medium=backlink">Corcoran 55340 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$686,514

▴ 0.1% YoY

Days on market

daily · zip_data

Median rent

$2,800

ZORI

Investor score

28/100

cash-flow lens

Active listings

90-day

Valuation3 lenses, different anchors

vs assessor

-2.4%

Market vs assessed value — a tax-roll lag, not a deal signal.

Avg assessor$670,200

county CAMA · properties_v

vs income

—

Fair-value model not available for this market.

fair_value_scores · 10-state coverage

vs county comps

+46.9%

County-wide market — the widest, slowest signal.

Hennepin+46.9%

Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.

Pricing detail

Price / sqft$233

Price-to-income4.0×

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How 55340 ranks in MN

percentile vs all Minnesota ZIPs · n=772

Market velocity34%

Supply tightness0%

Affordability41%

Investment yield4%

Appreciation4%

Affordability, supply & momentum

23SUPPLY

OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply16.8 mo

Days on Market55d

Inv vs History-5.3%

Listing Density--

Affordability — payment burden

Monthly payment (P&I)$3,548

Payment burden24.4%

Median income · ZIP$174,120

Mortgage rate6.71% · 30yr

Total monthly own$4,234

Monthly rent$2,800

Market dynamics

Price cut %23.8%

Momentumstable

LeverageBALANCED

Months of supply16.8

Sales (90d)0

Investment analysis

Median rent$2,800

Price-to-rent44.5

Est. cap rate1.5%

Buy vs rentfavors renting

Livability

Walk score1

Transit score2

Bike score—

Historical trends

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Price bandsmix-shift

Price Bands — the median behind the median

A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from the most recent recorded sale per property in Hennepin.

Current tiers · 12 months to Apr 26floor 10 sales/tier

3 tiers had too few sales in this ZIP and are shown at county or metro level — see the stamp on each row.

Tier	Median	$/sqft	Sales	Share	Source
Under $250k	$195k	$122	697	—	COUNTY · Hennepin, MN
$250k–$500k	$412k	—	59	33.9%	ZIP
$500k–$750k	$614k	—	57	32.8%	ZIP
$750k–$1M	$839k	—	35	20.1%	ZIP
$1M–$1.5M	$1.14M	—	16	9.2%	ZIP
$1.5M–$2M	$1.72M	—	102	—	COUNTY · Hennepin, MN
$2M+	$3.00M	$518	180	—	COUNTY · Hennepin, MN
All sales (the headline median)	$591k	—	174	100%	ZIP

No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.

National context — not local

NAR's aggregate existing-home median for the United States and the Midwest census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 55340.

United States
Midwest

Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.

Tiers computed from Lotvox parcel and deed substrate through Apr 26 (3 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.

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Hennepin County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

ZIP 55340→Hennepin County, MN

12-Month Direction

+11Moderate Improvement

Confidence

100%

DeterioratingStableImproving

BuildersLens Market Intelligence

Market Score

43· Weak

Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.

Payment Burden58

25.3%

affordable

Source: Lotvox · Updated 2026-05-15

Buy vs Rent26

1.609x

rent advantage

Source: Lotvox · Updated 2026-05-15

Valuation18

+46.9%

overvalued

Source: Lotvox comps · Updated 2026-05-15