Minneapolis 55408

Hennepin County, MN · 7,423 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
24.6%
affordable
Days on market
44
daily
Price cuts
12.3%
of active
Valuation
+25.4%
vs assessor
Look up an address
73
/100
Stable
warming · balanced · prices rising year-over-year.
Price trend
70
Affordability
95
Valuation
50
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

39/ 100SellerBalancedBuyer
Seller's Market
DOM: 61d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)50
Days on Market (5%)75

Seller-favored market in 55408. Expect to pay at or near list price. Payment burden: 24.6% of median income. Median days on market: 61. Renting is approximately 37% cheaper than buying (price-to-rent ratio: 16.4).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$293,448
▴ 1.9% YoY
Days on market
44
daily · zip_data
Median rent
$1,494
ZORI
Investor score
68/100
cash-flow lens
Active listings
97
90-day

Valuation3 lenses, different anchors

vs assessor
+25.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$368,000
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—
Price-to-income4.0×

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How 55408 ranks in MN
percentile vs all Minnesota ZIPs · n=772
Market velocity45%
Supply tightness37%
Affordability35%
Investment yield90%
Appreciation15%

Affordability, supply & momentum

22SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply22.2 mo
Days on Market44d
Inv vs History+19.7%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,482
Payment burden24.6%
Median income · ZIP$72,421
Mortgage rate6.49% · 30yr
Total monthly own$1,776
Monthly rent$1,494
Market dynamics
Price cut %12.3%
Momentumwarming
LeverageBALANCED
Months of supply22.2
Sales (90d)0
Investment analysis
Median rent$1,494
Price-to-rent16.4
Est. cap rate4.0%
Buy vs rentneutral

Livability

Walk score12
Transit score25
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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Nearby ZIP codes

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Minneapolis–St. Paul Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Hennepin County