Minneapolis - 55419

As of October of 2024, Homes in 55419 ZIP Code have appreciated by 0.42%, with the median home value standing at $462,930, according to Zillow.

There are currently 120 active short-term rentals in 55419 ZIP Code. The average daily rate for these rentals is $153. This translates to an annual revenue of $30,676 for short-term rentals as of October of 2024.

55419 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 55419 ZIP Code is 6.62%. However, potential investors should also consider the average property tax, which stands at 1.23% according to SmartAsset.

The median household income in 55419 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 55419 is 70%, which is higher than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 55419 ZIP Code is 3.8%, which is lower than the national average of 4.1%.

The most impactful amenities for short-term rentals in 55419 include a Table corner guards, Pool table, and Kayak.

55419 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Minneapolis, MN (7.90% of all guests), Chicago, IL (3.13% of all guests), and Saint Paul, MN (2.63% of all guests).

The top short-term rental hosts in 55419 ZIP Code include Sonder (Minneapolis/St. Paul), Lisa and Brenda. These hosts have an average rating of 4.57, 4.97 and 4.97 respectively.

The most popular property types in 55419 ZIP Code are 2-bedroom units, with an average daily rate of $153 and an annual revenue of $31,273.

The average booking lead time for short-term rentals in 55419 ZIP Code is 52 days.