Recently Sold Homes in 55414

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55414 Real Estate Insights

ZIP code 55414 is located in Minneapolis, Minnesota.
If you're someone whose palate craves food, ZIP code 55414 is filled with many award-winning restaurants from all over the world such as sandwiches, pizza and British, that will always keep you happy. Whether you're going out on a date or with some friends, the nightlife in this location gives you a wide range of venues to choose from. This area surely is the perfect amalgamation of art and entertainment with so many music halls, performing arts spots and cinemas that leave you wanting more. Whether you like the extreme physical challenge or a sport that requires delicate concentration, you won't run out of things to do around this area, which offers activities such as working out at sports clubs, tennis and playing at the park. If you like shopping at art galleries, antique shops and luggage stores, you're in luck because the stores selling a huge variety of products are just a short distance away. Relatively fewer residents drive all the way to work from ZIP code 55414; instead they make use of the convenient transit routes which serve the area. Commuting by bike is very common in this place so if you have a goal to do more cycling and get into shape, this is a great place to meet like-minded individuals.
The number of owner-occupied houses is low in ZIP code 55414 making it a great place to buy rental places. Most of the people who live in and around this location are educated to college degree level, if not beyond. If you are looking to live in an area populated by younger people, this vicinity is for you, as the median age of residents is low compared to other areas. Research shows that the people who call this vicinity home have a lower income than normal.
ZIP code 55414's real estate market is picking up 48.4 percent by average listing price, year-over-year. Last year, the average listing price was $347,462 and rose to $515,790 in this year. Such a large surge is a positive trend for current homeowners and new buyers in the local area looking to profit from rapidly increasing property values. At the same time, inventory decreased slightly year-over-year in this place by 5.6 percent, reaching a total of 34 homes on the market in this year. If you dream of the comfort of logs burning in a real fireplace, then quite a few homes in ZIP code 55414 have just what you're looking for. The historic houses in this locale offer the chance to live with history; not only are they beautiful with details some modern homes just don't have, but they stand in grand, mature landscapes.