55407 Real Estate Market Overview

Could Minneapolis, MN 55407 be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about 55407. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 55407 such as Sa...int Paul and Edina. When you’re ready, Trulia has 49 resale and new homes in 55407 lined up for you, including open houses, and 65 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$206,000

Median Sales Price

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$176

Price Per Sqft

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$1,495

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 55407 show a 1% year-over-year rise in median sales price and a 16% rise in median rent per month.

Median Sales Price
The median sales price for homes in 55407 for Mar 23 to Jun 22 was $206,000 based on 62 home sales.
Price Per Square Ft.
Average price per square foot for 55407 was $176, an increase of 2% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 55407 for May 23 to Jun 23 was $1,495.

Crime

Most frequent crimes in the past year

55407 has low crime relative to the rest of Hennepin County.

Knowing more about crime activity in 55407 can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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203

Counts of Theft

90

Counts of Burglary

52

Counts of Robbery


Best Schools in 55407

There are 8 schools in 55407.

Elementary Schools
1

Bancroft Elementary School

Public, PK - 5

N/A

Folwell Middle School

Public, K - 8

N/A

Andersen Community

Public, PK - 8

Middle Schools
N/A

Folwell Middle School

Public, K - 8

N/A

Andersen Community

Public, PK - 8

High Schools
4

South Senior High School

Public, 9 - 12

1

El Colegio Charter School

Public, 9 - 12


Demographics

Get to know your neighbors in 55407 by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
45%
Single residents
Home owners
56%
Home owners
Median age
32
Median age
Household income
$45,446
Median household income
College educated
44%
College educated

Commute

Most people in 55407 commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
78% commute by car
4% commute by bike
16% commute by public transportation
0% commute by foot

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