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Housing market/Minnesota/ZIP 55411

ACS 2023 · FY2027 SAFMR

ZIP 55411 Minneapolis, Minnesota

Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
29,719
Households
10,029
Median HH income
$53,368
Renter share
47.9%
Median gross rent
$1,220
Vacancy
8.6%
Pop. change
-6.7%
2BR SAFMR
$1,690
SAFMR / rent
1.385×
2–49 unit stock
3,055
LIHTC proj / units
21 / 1,838
HUD assisted MF
4 / 482

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 55411 · MN — sent to you.

ZIP 55411 · MN

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ACS rent vs 2BR SAFMR

ZIP 55411 — Minneapolis, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,220
2BR SAFMR$1,690
90% floor$1,521
110% ceiling$1,859

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 55411

  • 1-unit detached6,01854.9%
  • 1-unit attached5224.8%
  • 2–4 units1,82216.6%
  • 5–49 units1,23311.2%
  • 50+ units1,28411.7%
  • Mobile880.8%
TypeUnitsShare
1-unit detached6,01854.9%
1-unit attached5224.8%
2 units (duplex)1,40312.8%
3–4 units4193.8%
5–9 units4293.9%
10–19 units4063.7%
20–49 units3983.6%
50+ units1,28411.7%
Mobile880.8%

2–4 unit share 16.6% · 5–49 unit share 11.2% · combined 2–49 27.9%.

Units by bedrooms

Studio
546
1BR
1,514
2BR
2,575
3BR
3,880
4BR
1,587
5+
865

Rent burden

Rent ≥30% of income64.9%
Rent ≥50% of income37.6%
  • ACS median gross rent $1,220 (all bedrooms, occupied rentals).
  • Median contract rent $1,052.
  • Renters paying ≥30% of income 64.9%; ≥50% 37.6%.
  • FY2027 2BR SAFMR $1,690 (1.385× ACS median gross rent).

Population

29,719 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -6.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 21 projects, 1,838 units.
  • HUD project-based assisted MF: 4 properties, 482 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,804 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 55411 47.9% of occupied households are renters; vacancy is 8.6%; ACS median gross rent is $1,220; population changed -6.7% between the 2018 and 2023 ACS vintages; the housing stock includes 1,822 units in 2–4-unit structures and 1,233 units in 5–49-unit structures; 21 LIHTC projects totaling 1,838 units; FY2027 2BR SAFMR is $1,690 versus ACS median gross rent of $1,220. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Minnesota research

ZIP 55411 is a Census / HUD profile for Minneapolis-St. Paul-Bloomington, MN-WI, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 55411 — Minneapolis, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
54002Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area22.0%$1,200$1,54054003Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area1.8%—$1,54054011Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area25.3%$976$1,54054014Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area9.2%$993$1,54054015Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area21.3%$951$1,54054016Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.8%$1,431$1,69054021Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.5%$1,285$1,54054022Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area29.3%$1,059$1,54054023Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area16.1%$1,587$1,92054028Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area30.1%$898$1,54054082Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area11.1%—$1,57054723Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area15.7%$875$1,540

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 55411?

ZIP 55411 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 29,719 residents, 10,029 households, a renter share of 47.9%, median household income of $53,368, and ACS 2023 median gross rent of $1,220. Vacancy is 8.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55411?

ACS counts 1,403 units in 2-unit buildings, 419 in 3–4 unit buildings, 429 in 5–9, 406 in 10–19, and 398 in 20–49. Combined 2–49 unit stock is 3,055 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55411?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,690. See the full schedule and 90–110% payment-standard band on the ZIP 55411 — Minneapolis, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55411 is Census / HUD research for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.