Area data
Minneapolis, MN — ZIP 55414
Population: 35,007 (Census ACS)
The typical home value in ZIP 55414 (Minneapolis, MN) is $339,336 — down 1.9% over the past year. Homes sell for a median $319,906 after a median 29 days on market. Typical rent runs $2,160/month. 6 schools serve the area (NCES). Cost of living is 1.4% below the US average (BEA, metro/state-level).
$339,336
Typical home value
-1.9%
1-year change
29
Median days on market
Home values & appreciation
- Typical home value
- $339,336
- 1-year appreciation
- -1.9%
- 3-year appreciation
- -5.9%
- 5-year appreciation
- -8.7%
- 10-year appreciation
- +22.5%
- Peak value since 2000 (Jun 2022)
- $384,932
- 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
- $319,906
- Median list price
- $392,238
- Median price per sqft
- $230
- 1-year sale-price change
- -11.1%
- Median days on market
- 29 days
- Homes sold (recent period)
- 40
- For-sale inventory
- 57
- Sale-to-list ratio
- 98.1%
- Active listings
- 60
- 1-year forecast
- +1.4%
- New listings (monthly)
- 15
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $2,160/mo
- 1-year rent change
- +2.9%
- 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)
- 7.18%
- 15-year mortgage rate (national)
- 6.57%
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, 2024-25 (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 NFIP flood-insurance claims (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 annual air quality index (county-level)
Amenities
- Airports within 30 mi
- 33
- Nearest airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (7 mi)
- Nearest major airport
- Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (7 mi)
- Hospitals in or near this ZIP
- 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 (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)
Housing stock
- Median year housing built
- 1988
- 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 55414 | State median | US median | |
|---|---|---|---|
| Typical home value | $339,336 | $298,060 | $285,053 |
| Median sale price | $319,906 | $303,661 | $319,906 |
| Median days on market | 29 days | 35 days | 48 days |
| Typical rent | $2,160/mo | $1,669/mo | $1,803/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 typical home value in ZIP 55414?
- $339,336.
- What is the median sale price in ZIP 55414?
- $319,906.
- How long do homes take to sell in ZIP 55414?
- Median days on market: 29 days.
- What is typical rent in ZIP 55414?
- Typical rent: $2,160/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, 2024-25).
- 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: Nov 2026. See all data sources →