Real Estate Market Update for 55442 (Minneapolis, MN)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 32% from one year earlier, and up 16% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 67%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 300-thousand dollars. The number of units sold increased 71% year-over-year, and increased 9% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 55442 (Minneapolis, MN)
Area Information for 55442 (Minneapolis, MN)
  • Population: 13,463
  • Median Age: 41.16 yr
  • Median Commute Time: 21.08 mins
  • Educational Climate*: 5
  • Sales Tax: 7.275%
  • Population Density: 2,538/sq mi
  • Population Change Since 2000: 3.43%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Herzing University
  • Closest Jr. College: Hennepin Technical Cllg-brooklyn Park
  • Median Household Income: $94,726
  • Annual Residential Turnover: 16.15%
  • Median Years in Residence: 4.61 yr
  • Median Home Sales Price: $252,047
  • Closest Major Sports Team: Vikings
  • Change Avg. Household Income Since 2000: 10%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 55442 (Minneapolis, MN)
Median Age: 41.16 Married: 44% Number of Households: 5,503 Households with Children: 1,758
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 55442 (Minneapolis, MN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Zachary Lane Elementary School 1.1 mi Public K-5 4 4
      Step By Step Montessori 1.5 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 55442 (Minneapolis, MN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.