Corcoran 55340

Hennepin County, MN · 4,995 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

60affordability /100

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

Payment burden
24%
affordable
Days on market
55
daily
Price cuts
23.8%
of active
Valuation
-2.8%
vs assessor
Look up an address
78
/100
Stable
stable · balanced · prices rising year-over-year.
Price trend
62
Affordability
95
Valuation
90
Economic health
60

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

54/ 100SellerBalancedBuyer
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.

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Market snapshoteach number, once

Median price
$689,421
▴ 0.4% YoY
Days on market
55
daily · zip_data
Median rent
$1,290
ZORI
Investor score
28/100
cash-flow lens
Active listings
83
90-day

Valuation3 lenses, different anchors

vs assessor
-2.8%
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
+47.4%
County-wide market — the widest, slowest signal.
Hennepin+47.4%
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 velocity31%
Supply tightness0%
Affordability35%
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-6.0%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$3,482
Payment burden24%
Median income · ZIP$174,120
Mortgage rate6.49% · 30yr
Total monthly own$4,172
Monthly rent$1,290
Market dynamics
Price cut %23.8%
Momentumstable
LeverageBALANCED
Months of supply16.8
Sales (90d)0
Investment analysis
Median rent$1,290
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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Hennepin County contextmacro · jobs · debt · migration

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

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