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ZIP Code · MN

ZIP 55412

Pop. 24,460·Hennepin County·50th most expensive ZIP in Minnesota
Median rent (all units)
$1,773/mo
Year-over-Year
-4.8%
Month-over-Month
-6.4%
vs US Median
-$192
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55412 · $1,773
More affordable than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,280
1 BR
$1,450
2 BR
$1,760
3 BR
$2,330
4 BR+
$2,610
Research median
$1,760/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,276/yr
At $1,773/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.8% YoY, -6.4% MoM), not inventory.
Demographics

Who lives here

ZIP 55412 (Minneapolis, MN) is majority owner-occupied, has a large share of families with children, 30.4% of residents hold a bachelor's degree or higher.

Population
24,460
Median income
$68,682
Median age
35.2
Renters
27.8%
Age distribution
26.9%
22.6%
31.3%
Under 1826.9%
18–3422.6%
35–5431.3%
55–649.8%
65+9.4%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
38.3%
34%
White38.3%
Black34%
Hispanic11.5%
Asian8.5%
Other7.8%
Education (25+)
13%
27.1%
29.5%
30.4%
No HS diploma13%
HS diploma27.1%
Some college29.5%
Bachelor's+30.4%
Housing tenure
72.2%
27.8%
Owner72.2%
Renter27.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55412 in Minneapolis, MN has changed in 5 years

Income
$54,594 → $68,682
up 25.8%
Population
25,497 → 24,460
down 4.1%
Renter share
28.2% → 27.8%
-0.4 pts
Bachelor's+
28% → 30.4%
+2.4 pts
Median age
34.5 → 35.2
+0.7 yrs

Census figures show median household income at $68,682 today, compared with $54,594 five years earlier. The population has contracted by 4.1% since 2021, moving from about 25,497 residents to roughly 24,460. College-educated residents now make up 30.4% of adults here, versus 28% in 2021.

Community

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Local insights

Tips for renters in ZIP 55412

About renting in ZIP 55412

Last updated: July 20, 2026

ZIP code 55412 covers Minneapolis, MN. The median rent here is $1,773/mo as of July 2026. A 1-bedroom rents for a median of $1,450/mo. A 2-bedroom rents for a median of $1,760/mo.

At 31% of local median household income ($68,682/yr), ZIP 55412 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55412?

As of July 20, 2026, the median monthly rent in ZIP 55412 (Minneapolis, MN) is $1,773. This is based on aggregated data from public sources and community submissions.

How does ZIP 55412 rent compare to the US average?

ZIP 55412's median rent of $1,773/mo is $192 (10%) below the US national median of $1,965/mo.

How does ZIP 55412 compare to other ZIPs in Minnesota?

ZIP 55412 falls in the middle range for Minnesota, ranking #50 out of 123 ZIPs at $1,773/mo.

How much income do you need to rent in ZIP 55412?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,773/mo in ZIP 55412. The local median household income is $68,682/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 55412?

Rent in ZIP 55412 has decreased 4.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 55412 an affordable place to rent?

ZIP 55412 is considered moderate for renters. At $1,773/mo, rent takes approximately 31% of the local median household income ($68,682/yr). The standard benchmark is 30%. ZIP 55412 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 55412 residents rent vs. own?

According to Census data, approximately 27.8% of ZIP 55412 households are renters, while 72.2% are owner-occupied. ZIP 55412 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55412 compare to the rest of Minneapolis?

ZIP 55412 is pricier than Minneapolis as a whole. At $1,773/mo, it's $87 above the Minneapolis citywide median of $1,686/mo.

When was rent data for ZIP 55412 last updated?

Rent data for ZIP 55412 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $1,773/mo, rent takes ~31% of ZIP 55412's median household income ($68,682/yr). The standard benchmark is 30%.

ZIP 55412 31%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55412 (Minneapolis, MN)

Recent submissions

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