55424 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55424 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$1,550,000
Days to Sell
32
Homes Sold
37
Inventory
33
Sale-to-List
100.1%
New Listings
57
Price/SqFt
$382
Pending Sales
41
Jumbo Loan Likely Needed
The median home in 55424 at $1,550,000 exceeds the 2026 conforming loan limit of $832,750 by $717,250. 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
55424's market is balanced with homes taking an average of 32 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 55424 (100.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 55424 at $1,550,000 exceeds the 2026 conforming loan limit of $832,750 by $717,250. 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 55424 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 55424
To purchase the median home at $1,550,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $12,026.
Monthly Payment
$12,026
Income Required
$515,383
Principal & Interest
$9,551/mo
Down Payment (5%)
$77,500
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 55424.
Estimated Monthly Payment
$9,743
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 55424.
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