House Prices

Prospect Park Minneapolis, MN House Prices & Home Values 2026


Average Data

average house price$366,220
average size per house1439 ft²
average price per ft²257 $ / ft²

04/17/2026 - The value range (VR) for house prices in Prospect Park Minneapolis, MN is $244.15/ sqft to $269.85/ sqft. An average home with 1439 sqft costs approximately $354,494 to $391,809. Minneapolis, MN includes 1 ZIP codes and it is located in Hennepin county. The lowest prices are found in ZIP 55414, while the highest are in ZIP 55414. The average price per sqare feet is $257. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes Prospect Park Minneapolis

55414283 $ / ft²




Historical development of home values in Prospect Park Minneapolis

Year Estimated value (USD) Change vs. 2025
2010 $170,079 -53.6%
2011 $163,502 -55.4%
2012 $163,062 -55.5%
2013 $169,157 -53.8%
2014 $177,568 -51.5%
2015 $186,681 -49.0%
2016 $196,424 -46.4%
2017 $207,026 -43.5%
2018 $218,471 -40.3%
2019 $228,601 -37.6%
2020 $240,419 -34.4%
2021 $273,450 -25.3%
2022 $318,782 -13.0%
2023 $336,170 -8.2%
2024 $355,618 -2.9%
2025 $366,220 0.0%

Graph: estimated home values in Prospect Park Minneapolis over time (USD)



Example: 100% financing house in Prospect Park Minneapolis

Loan amount: $366,220

Interest rate: 6.05%

Fixed monthly payment: $2,208.40

Breakdown in the 1st month:
Interest portion: $1,847.58  –  Principal portion: $360.82

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,048.77 $4,452.08 $361,767.92
2 $21,771.64 $4,729.22 $357,038.70
3 $21,477.25 $5,023.60 $352,015.10
4 $21,164.54 $5,336.31 $346,678.79
5 $20,832.36 $5,668.49 $341,010.30
6 $20,479.51 $6,021.34 $334,988.96
7 $20,104.69 $6,396.16 $328,592.79
8 $19,706.54 $6,794.31 $321,798.48
9 $19,283.60 $7,217.25 $314,581.23
10 $18,834.34 $7,666.51 $306,914.72
11 $18,357.11 $8,143.74 $298,770.98
12 $17,850.18 $8,650.67 $290,120.30
13 $17,311.69 $9,189.17 $280,931.14
14 $16,739.68 $9,761.18 $271,169.96
15 $16,132.06 $10,368.79 $260,801.17
16 $15,486.62 $11,014.23 $249,786.93
17 $14,801.00 $11,699.85 $238,087.08
18 $14,072.70 $12,428.15 $225,658.93
19 $13,299.07 $13,201.78 $212,457.14
20 $12,477.28 $14,023.57 $198,433.57
21 $11,604.33 $14,896.52 $183,537.05
22 $10,677.05 $15,823.80 $167,713.25
23 $9,692.04 $16,808.81 $150,904.44
24 $8,645.72 $17,855.13 $133,049.31
25 $7,534.27 $18,966.58 $114,082.72
26 $6,353.63 $20,147.22 $93,935.50
27 $5,099.50 $21,401.36 $72,534.14
28 $3,767.30 $22,733.56 $49,800.59
29 $2,352.17 $24,148.68 $25,651.90
30 $848.95 $25,651.90 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Prospect Park Minneapolis, MN


1500 sqft3900 sqft
Ø selling price$470,654$1,001,208
Ø fast selling$427,867$901,087
Ø high price sale$513,440$1,101,329

In 2026, houses in Prospect Park Minneapolis, MN will be offered at an average price of $257 per square foot. A 1,500 sqft home priced at $470,654 is 23.21% more expensive per square foot than a 3,900 sqft home priced at $1,001,208. Home prices in Prospect Park Minneapolis, MN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $693,144. Sellers who can wait longer may achieve a higher price of up to $847,176.


Prospect Park, Minneapolis, MN Neighborhood Guide

Overview

Prospect Park in Minneapolis, MN is a historic, leafy neighborhood known for its distinctive hills and winding streets.
Bordering the Mississippi River and adjacent to the University of Minnesota, Prospect Park offers a prime location for students, professionals, and families.
The Prospect Park Minneapolis neighborhood blends century-old homes with modern apartments and eco-friendly developments.

Landmarks & Lifestyle

The iconic Witch?s Hat Water Tower crowns Tower Hill Park, providing panoramic views and a beloved neighborhood symbol.
Residents enjoy walkable streets, community gardens, and quick access to trails along the Mississippi River.
Dining, coffee shops, and entertainment cluster near University Avenue, with Surly Brewing and local eateries drawing visitors year-round.
Seasonal events and an active neighborhood association foster a strong sense of community in Prospect Park.

Housing & Access

Housing options range from restored Victorians and Craftsman bungalows to contemporary condos near the Green Line light rail, offering a diverse real estate market.
Excellent transit, bike lanes, and proximity to Interstate 94 make commuting to downtown Minneapolis or Saint Paul straightforward.
For homebuyers and renters, Prospect Park combines historic charm, urban convenience, and access to education, employment, and outdoor recreation.



FAQ – Home Values in Prospect Park Minneapolis

What is the median home value in Prospect Park Minneapolis in 2026?

In 2026, the typical home value in Prospect Park Minneapolis is about $366,220 for an average home size of 1439 square feet. This corresponds to an average price of roughly $257 per square foot.

What is the average cost per square foot in Prospect Park Minneapolis?

In 2026, homes in Prospect Park Minneapolis sell for an average of around $257 per square foot, with a typical range between $244.15 and $269.85 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Prospect Park?

The average home size in Prospect Park Minneapolis is about 1439 square feet, with an estimated 2026 value around $366,220.



Neighborhoods close to Prospect Park Minneapolis, MN

Keewaydin Minneapolis, MN207 $ / ft²
Taconite Harbor Schroeder, MN168 $ / ft²
Giants Ridge Biwabik, MN125 $ / ft²
Lyndale Minneapolis, MN230 $ / ft²
Downtown Excelsior Excelsior, MN295 $ / ft²
Chanhassen Hills Chanhassen, MN238 $ / ft²
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