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Area data

Minneapolis, MN — ZIP 55414

Population: 35,007 (Census ACS)

The median home value in ZIP 55414 (Minneapolis, MN) is $340,069 — down 1.9% over the past year. Homes sell for a median $312,500 after a median 31 days on market. Typical rent runs $1,513/month. 6 schools serve the area (NCES). Cost of living is 1.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$340,069

Median home value

-1.9%

1-year change

31

Median days on market

Home values & appreciation

Median home value
$340,069
1-year appreciation
-1.9%
3-year appreciation
-6.1%
5-year appreciation
-8.9%
10-year appreciation
+22.5%
All-time peak (2022-06)
$386,208
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$312,500
Median list price
$379,900
Median price per sqft
$231
1-year sale-price change
-17.8%
Median days on market
31 days
Homes sold (recent period)
40
For-sale inventory
54
Sale-to-list ratio
98.9%
Active listings
60
1-year forecast
+0.8%
New listings (monthly)
14

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,513/mo
1-year rent change
+3.1%
Studio fair-market rent
$1,265/mo
1BR fair-market rent
$1,427/mo
2BR fair-market rent
$1,734/mo
3BR fair-market rent
$2,264/mo
4BR fair-market rent
$2,538/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
98.6 (100 = US avg)
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
2
Middle schools
0
High schools
3
Charter schools
3
Avg student-teacher ratio
9.3 : 1
School districts serving the area
Minnesota Transitions Charter Sch, Venture Academy, Minneapolis Public School District
Schools include
MTS PEASE ACADEMY, Venture Academy High School, Venture Online, Ronald McDonald House, Pratt Elementary

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Wildfire risk to homes (county)
Higher than 32% of US counties
Buildings in wildfire direct-exposure zone
13.6%
EPA Superfund (NPL) sites within 5 mi
4
Nearest Superfund site
General Mills/Henkel Corp. (0.8 mi)

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
45.7°F
Average high
54.0°F
Average low
37.3°F
Annual precipitation
33.4 in
Annual snowfall
40.4 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
45
Days with Good air quality
211
Days with Moderate air quality
144
Days with Unhealthy air quality
6
Highest AQI recorded (year)
178

Source: EPA air quality data (nearest monitoring station, annual)

Amenities

Hospitals nearby (~15 mi)
35
Hospitals include
NORTH MEMORIAL HEALTH HOSPITAL, HENNEPIN COUNTY MEDICAL CENTER, NORTHFIELD HOSPITAL
Avg hospital rating (CMS)
3.8 / 5
Best hospital rating nearby (CMS)
5.0 / 5

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Housing stock

Median year housing built
1,988
Housing built before 1970
34.9%
Housing built 2000 or later
42.8%
Median annual property tax
$5,193
Mean commute to work
16 min
Households with broadband internet
68.7%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
825,100
Average weekly wage
$1,788
Top industries (by employment)
Health Care, Professional Services, Finance & Insurance
Annual residential building permits (county)
3,491

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 55414State medianUS median
Median home value$340,069$300,176$288,527
Median sale price$312,500$315,500$325,000
Median days on market31 days39 days51 days
Typical rent$1,513/mo$1,670/mo$1,809/mo
Median annual property tax$5,193$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 55414?
$340,069.
What is the median sale price in ZIP 55414?
$312,500.
How long do homes take to sell in ZIP 55414?
Median days on market: 31 days.
What is typical rent in ZIP 55414?
Typical rent: $1,513/month.
What is the wildfire risk in ZIP 55414?
Risk to homes is higher than 32% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
Are there Superfund sites near ZIP 55414?
4 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: General Mills/Henkel Corp., 0.8 mi.
How many schools serve ZIP 55414?
6 schools (2 elementary, 3 high) (NCES, 2022-23).
What is the air quality in ZIP 55414?
Good. Median AQI: 45. (EPA AQI).
What is the cost of living in ZIP 55414?
Regional Price Parity: 98.6 (100 = US average) (Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents