55346 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55346 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
43 sales in 2026 (year to date)
Median Sale Price
$514,100
Days to Sell
13
Homes Sold
43
Inventory
24
Sale-to-List
101.9%
New Listings
70
Price/SqFt
$210
Pending Sales
54
Conforming Loan Available
Most homebuyers in 55346 can comfortably use conventional financing. The median home price of $514,100 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
55346 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 55346 (101.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55346 can comfortably use conventional financing. The median home price of $514,100 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 55346 are set at the county level.
2026 Loan Limits — Hennepin County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $552,000 |
| 2 Units | $1,066,250 | $706,650 |
| 3 Units | $1,288,800 | $854,200 |
| 4 Units | $1,601,750 | $1,061,550 |
Affordability Snapshot — Zip 55346
To purchase the median home at $514,100 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,089.
Monthly Payment
$4,089
Income Required
$175,237
Principal & Interest
$3,168/mo
Down Payment (5%)
$25,705
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 55346.
Estimated Monthly Payment
$3,332
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