55391 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55391 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
46 sales in 2026 (year to date)
Median Sale Price
$1,432,000
Days to Sell
24
Homes Sold
46
Inventory
80
Sale-to-List
98.0%
New Listings
96
Price/SqFt
$376
Pending Sales
55
Jumbo Loan Likely Needed
The median home in 55391 at $1,432,000 exceeds the 2026 conforming loan limit of $832,750 by $599,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
Homes in 55391 are moving quickly at 24 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 55391 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 55391 at $1,432,000 exceeds the 2026 conforming loan limit of $832,750 by $599,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 55391 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 55391
To purchase the median home at $1,432,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $11,122.
Monthly Payment
$11,122
Income Required
$476,637
Principal & Interest
$8,824/mo
Down Payment (5%)
$71,600
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 55391.
Estimated Monthly Payment
$9,012
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 55391.
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