55427 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55427 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
88 sales in 2026 (year to date)
Median Sale Price
$369,950
Days to Sell
16
Homes Sold
88
Inventory
60
Sale-to-List
101.6%
New Listings
120
Price/SqFt
$198
Pending Sales
107
Conforming Loan Available
Most homebuyers in 55427 can comfortably use conventional financing. The median home price of $369,950 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
Homes in 55427 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 55427 (101.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55427 can comfortably use conventional financing. The median home price of $369,950 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 55427 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 55427
To purchase the median home at $369,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,984.
Monthly Payment
$2,984
Income Required
$127,904
Principal & Interest
$2,280/mo
Down Payment (5%)
$18,498
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 55427.
Estimated Monthly Payment
$2,440
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 55427. Tell us what you're looking for.