Minneapolis 55409

Hennepin County, MN · 4,101 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

61affordability /100

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

Payment burden
23.4%
affordable
Days on market
17
daily
Price cuts
26.9%
of active
Valuation
-2.7%
vs assessor
Look up an address
83
/100
Strong Market
warming · seller slight · prices rising year-over-year.
Price trend
75
Affordability
95
Valuation
90
Economic health
61

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

34/ 100SellerBalancedBuyer
Seller's Market
DOM: 59d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)25
Supply & Demand (20%)85
Buy vs Rent (15%)50
Cancellation Rate (10%)0
Days on Market (5%)60

Seller-favored market in 55409. Expect to pay at or near list price. Payment burden: 23.5% of median income. Median days on market: 59. Renting is approximately 64% cheaper than buying (price-to-rent ratio: 19.7).

Buyer Caution

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

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

Market is warming with rising prices. Sellers hold a slight edge.

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Market snapshoteach number, once

Median price
$379,136
▴ 2.4% YoY
Days on market
17
daily · zip_data
Median rent
$1,605
ZORI
Investor score
57/100
cash-flow lens
Active listings
25
90-day

Valuation3 lenses, different anchors

vs assessor
-2.7%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$369,000
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$179
Price-to-income3.9×

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How 55409 ranks in MN
percentile vs all Minnesota ZIPs · n=772
Market velocity88%
Supply tightness40%
Affordability39%
Investment yield75%
Appreciation20%

Affordability, supply & momentum

31SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply11.1 mo
Days on Market17d
Inv vs History+51.5%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,915
Payment burden23.4%
Median income · ZIP$98,056
Mortgage rate6.49% · 30yr
Total monthly own$2,294
Monthly rent$1,605
Market dynamics
Price cut %26.9%
Momentumwarming
LeverageSELLER SLIGHT
Months of supply11.1
Sales (90d)0
Investment analysis
Median rent$1,605
Price-to-rent19.7
Est. cap rate3.3%
Buy vs rentneutral

Livability

Walk score7
Transit score26
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

55408
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55419
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55407
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55403
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55404
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55410
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55423
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55405
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Minneapolis–St. Paul Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Hennepin County