dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −6.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +36.3% YoY, is the number to watch.
The median listing price is down 6.7% YoY while the median home got down 5.2% bigger, so value per square foot is down 6.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $350K purchase rents for $1,995/mo: 0.57% of price per month against the 1% rule's 1.00%.
Not shown: 4 BR (sale only, no matching rent).
Sales here take about 46 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 55401 itself, not its parent county.
Renters hold 71.6% of this ZIP's 8,611 occupied households, on a median household income of $114K.
| Measure | ZIP 55401 | Hennepin County | Difference |
|---|---|---|---|
| Median Household Income | $114K | $98K | +$16K |
| Below Poverty Level | 4.7% | 10.0% | -5.3% |
| Median Age | 35.20 | 37.60 | -2.40 |
| Total Population | 11,816 | 1,269,496 | -- |
| Avg Household Size | 1.36 | 2.30 | -0.94 |
| Owner-Occupied | 28.4% | 62.7% | -34.3% |
| Worked From Home | 34.0% | 25.2% | +8.8% |
| Mean Commute | 18.40 | 21.90 | -3.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.0% to 1,269,496: residents under 18 are down 0.8% and those 65 and over are up 3.3%.
County median household income is $98K, 10.0% of residents are below the poverty level, 25.2% work from home.