ZIP Code Market Report · Updated May 2026
Is 55401 a Buyer's
or Seller's Market?
📍 Minneapolis, Minnesota · MN
72
🟡 WARM
Balanced market
20 days avg on market · Tax rate: 1.17%/yr
Mortgage Breakdown — 55401
Median Price$380,000
20% Down$76,000
Loan Amount$304,000
Rate (~6.7%)$1,961/mo P&I
Property Tax$370/mo
Total PITI$2,489/mo
Income Needed$82,966/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
21.5%
of FHA applications denied in Minneapolis-St. Paul-Bloomington, MN-WI, 2025 · national 22.1%
CROSSCOUNTRY MORTGAGE, LLC
4.1% FREEDOM MORTGAGE CORPORATION
19.2% United Wholesale Mortgage
21.9% PENNYMAC LOAN SERVICES LLC
22.4% A 20.1-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 47.3% versus 18.8% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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