55357 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55357 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$700,000
Days to Sell
31
Homes Sold
10
Inventory
8
Sale-to-List
100.6%
New Listings
10
Price/SqFt
$237
Pending Sales
5
Conforming Loan Available
The median home in 55357 at $700,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
55357's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 55357 (100.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 55357 at $700,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 55357 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 55357
To purchase the median home at $700,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,513.
Monthly Payment
$5,513
Income Required
$236,279
Principal & Interest
$4,313/mo
Down Payment (5%)
$35,000
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 55357.
Estimated Monthly Payment
$4,482
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