ZIP 55406 vs ZIP 55414

55406 is one of 67 ZIP codes that lie mostly in Hennepin County, MN.

Shaded by typical home value, it ranks 18 of the 36 nearby ZIPs shown.

20 school locations in 55406: 8 elementary, 7 middle, 5 high.

In alphabetical order: Anishinabe Academy Elementary, Bdote Learning Center, DOWLING ELEMENTARY, Friendship Academy of Arts - Interm, and more on the ZIP page. Locations only — no ratings are shown here.

55414 is one of 67 ZIP codes that lie mostly in Hennepin County, MN.

Shaded by typical home value, it ranks 18 of the 36 nearby ZIPs shown.

5 school locations in 55414: 2 elementary, 3 high.

In alphabetical order: Marcy Elementary, MTS PEASE ACADEMY, PRATT ELEMENTARY, RONALD MCDONALD HOUSE, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 55406 was worth $109,952.

Values peaked at $345,958 in August 2026. The latest reading is the peak.

As of August 2026: $345,958, +2.1% over twelve months.

Start with the typical home: $345,958. Put 20% down and borrow $276,766 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,916 a month in principal and interest.

The median household here earns $91,865 a year, $7,655 a month. So the payment takes 25.0% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 8.0% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $658.

In December 2020, with rates at 2.68%, it was $988.

By August 2026, at 6.67%, it was $1,780 — +80% since December 2020, while the home's value moved +13%.

Reported values rose +215% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $217,002. So the real change is +59%, not +215%.

55406: +215% since January 2000.

Hennepin County: +161% since January 2000.

Minnesota: +178% since January 2000 — 55406 ran ahead of it by 37 points.

Against 772 Minnesota ZIP codes, 55406 sits at the 47th percentile for affordability (price vs local income).

19th for appreciation (recent value growth); 71st for rental yield (rent vs price).

Owning the typical home costs about $2,262 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,472 a month.

Price divided by a year's rent: 19.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 55414 was worth $149,067.

Values peaked at $386,208 in June 2022. The latest reading is −11.9% from that peak.

As of August 2026: $340,069, −1.9% over twelve months.

Start with the typical home: $340,069. Put 20% down and borrow $272,055 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,884 a month in principal and interest.

The median household here earns $47,004 a year, $3,917 a month. So the payment takes 48.1% of income — rated “severe” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 21.1% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $893.

In December 2020, with rates at 2.68%, it was $1,139.

By August 2026, at 6.67%, it was $1,750 — +54% since December 2020, while the home's value moved −3%.

Reported values rose +128% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $294,199. So the real change is +16%, not +128%.

55414: +128% since January 2000.

Hennepin County: +161% since January 2000.

Minnesota: +178% since January 2000 — 55414 ran behind it by 50 points.

Against 772 Minnesota ZIP codes, 55414 sits at the 1st percentile for affordability (price vs local income).

2nd for appreciation (recent value growth); 77th for rental yield (rent vs price).

Owning the typical home costs about $2,224 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,513 a month.

Price divided by a year's rent: 18.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 48 a month (Redfin, 3-month rolling data through August 2026). That is 81% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 48.

Going out — closed sales: about 49 a month. That is 73% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 1.0 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 1 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 49 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 54 — so sales ran at 91% of it, and below it in 21 of the last 24 months.

Across Hennepin County, builders pulled permits for 3,491 new homes in 2025.

Of those, 44% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 20 a month (Redfin, 3-month rolling data through August 2026).

On the shelf — homes for sale at the end of the period: 60.

Going out — closed sales: about 13 a month. The drain is drawn 52% narrower: the share of homes for sale that sell each month is 48% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 4.5 months of supply — inside the 4–6 month balanced range. In the basin, that is the water level against the shaded balanced band.

The net reading: about 7 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 13 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 15 — so sales ran at 87% of it, and below it in 20 of the last 24 months.

Across Hennepin County, builders pulled permits for 3,491 new homes in 2025.

Of those, 44% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Hennepin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 18,448 moved in. Among the ten receiving the most, 21,625 moved out.

Net across those counties: −3,177 households. Beside it, homes for sale in this ZIP: 48 in June 2026.

Most arrivals came from Ramsey, MN (5,844 households); most departures went to Ramsey, MN (6,020).

County assessor records list 9,980 properties with a market value here. Their average assessed market value is $315,000; the typical home value is $345,958.

The assessor average sits −8.9% from the market figure — an average against a typical value, so treat it as a check, not a verdict.

This ZIP sits in Hennepin County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 18,448 moved in. Among the ten receiving the most, 21,625 moved out.

Net across those counties: −3,177 households. Beside it, homes for sale in this ZIP: 60 in June 2026.

Most arrivals came from Ramsey, MN (5,844 households); most departures went to Ramsey, MN (6,020).

County assessor records list 1,720 properties with a market value here. Their average assessed market value is $320,000; the typical home value is $340,069.

The assessor average sits −5.9% from the market figure — an average against a typical value, so treat it as a check, not a verdict.