55406 Real Estate Market Overview

Could Minneapolis, MN 55406 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 55406. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 55406 such as Sa...int Paul and Edina. When you’re ready, Trulia has 23 resale and new homes in 55406 lined up for you, including open houses, and 55 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$218,200

Median Sales Price

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$208

Price Per Sqft

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$1,600

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 55406 show a 6% year-over-year rise in median sales price and a 8% rise in median rent per month.

Median Sales Price
The median sales price for homes in 55406 for Dec 23 to Mar 22 was $218,200 based on 34 home sales.
Price Per Square Ft.
Average price per square foot for 55406 was $208, an increase of 6% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 55406 for Feb 23 to Mar 23 was $1,600.

Crime

Most frequent crimes in the past year

55406 has very low crime relative to the rest of Hennepin County.

Knowing more about crime activity in and around 55406 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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226

Counts of Theft

59

Counts of Burglary

14

Counts of Arrest


Best Schools in 55406

There are 17 schools in 55406.

Elementary Schools
7

Dowling Elementary School

Public, K - 5

5

Northrop Elementary School

Public, K - 5

5

Seward Elementary School

Public, K - 8

Middle Schools
5

Seward Elementary School

Public, K - 8

3

Sanford Middle School

Public, 6 - 8

2

Sullivan Elementary School

Public, PK - 8

High Schools
2

Roosevelt Senior High School

Public, 9 - 12

2

Minnesota Transitions Alp

Public, 12

1

Wellstone International High School

Public, 9 - 12


Demographics

Get to know your neighbors in 55406 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
49%
Single residents
Home owners
77%
Home owners
Median age
39
Median age
Household income
$62,203
Median household income
College educated
53%
College educated

Commute

Most people in 55406 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
80% commute by car
5% commute by bike
15% commute by public transportation
1% commute by foot

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