55345 — Hennepin County, Minnesota Market Snapshot
Housing market data for zip code 55345 in Hennepin County, Minnesota. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$385,601
Days to Sell
16
Homes Sold
10
Inventory
7
Sale-to-List
97.9%
New Listings
19
Price/SqFt
$198
Pending Sales
16
Conforming Loan Available
Most homebuyers in 55345 can comfortably use conventional financing. The median home price of $385,601 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 55345 are moving quickly at 16 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 55345 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 55345 can comfortably use conventional financing. The median home price of $385,601 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 55345 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 55345
To purchase the median home at $385,601 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,104.
Monthly Payment
$3,104
Income Required
$133,044
Principal & Interest
$2,376/mo
Down Payment (5%)
$19,280
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 55345.
Estimated Monthly Payment
$2,536
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