55428 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55428 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
95 sales in 2026 (year to date)
Median Sale Price
$339,000
Days to Sell
17
Homes Sold
95
Inventory
40
Sale-to-List
101.2%
New Listings
126
Price/SqFt
$194
Pending Sales
126
Conforming Loan Available
Most homebuyers in 55428 can comfortably use conventional financing. The median home price of $339,000 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 55428 are moving quickly at 17 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 55428 (101.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 55428 can comfortably use conventional financing. The median home price of $339,000 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 55428 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 55428
To purchase the median home at $339,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,747.
Monthly Payment
$2,747
Income Required
$117,742
Principal & Interest
$2,089/mo
Down Payment (5%)
$16,950
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 55428.
Estimated Monthly Payment
$2,248
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