55305 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55305 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
14 sales in 2026 (year to date)
Median Sale Price
$234,950
Days to Sell
82
Homes Sold
14
Inventory
27
Sale-to-List
97.5%
New Listings
24
Price/SqFt
$183
Pending Sales
25
Conforming Loan Available
Most homebuyers in 55305 can comfortably use conventional financing. The median home price of $234,950 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
With homes sitting for 82 days on average, 55305 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 55305 sells for 2.5% below asking price (97.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 55305 can comfortably use conventional financing. The median home price of $234,950 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 55305 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 55305
To purchase the median home at $234,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,950.
Monthly Payment
$1,950
Income Required
$83,576
Principal & Interest
$1,448/mo
Down Payment (5%)
$11,748
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 55305.
Estimated Monthly Payment
$1,604
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