ZIP 55414
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12-month history
Last updated: October 17, 2026
What the numbers show
August. Asking rents in ZIP 55414 usually run 0.8% below trend in August and 1% above it in November, about $39 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 55414 is at its highest level since Zillow's records here began in November 2016.
Rent in ZIP 55414 changed +3.0% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in ZIP 55414 rose 14% while median household income rose 27.3% ($40,812 to $51,966). Income kept ahead of rent.
Rent in ZIP 55414 is 17.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($51,966) is $1,299 a month. That covers HUD's Fair Market Rent for up to a studio ($1,240); a 1-bedroom is $1,400.
18th cheapest of 19 ZIP codes in Minneapolis.
ZIP 55454, 1 mile away, rents for 16% less ($1,823/mo), about $4,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 55414. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 55414 (Minneapolis, MN) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 68% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 55414 in Minneapolis, MN has changed in 5 years
The median rent in ZIP 55414 in Minneapolis, MN stood at $1,889 in 2021 and currently runs about $2,160, reflecting a 14.3% increase over the period. Median household income rose from $43,001 to $51,966 between 2021 and 2024, a 20.8% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 10.1% since 2021, moving from about 31,788 residents to roughly 35,007. Taken together, the five-year picture in ZIP 55414 in Minneapolis, MN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 55414
Last updated: October 17, 2026
ZIP code 55414 covers Minneapolis, MN. The median rent here is $2,160/mo as of October 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,700/mo.
At 50% of local median household income ($51,966/yr), ZIP 55414 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
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How does ZIP 55414 compare to the rest of Minneapolis?
At $2,160/mo, rent takes ~50% of ZIP 55414's median household income ($51,966/yr). The standard benchmark is 30%.
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