How has the market in Loring Park changed over the past year?

Over the past year, prices in Loring Park, Minneapolis, Minnesota were up 0.2. The neighborhood also has a gross yield of 4.8, prices in line with the city at about 1% below, and 9% above the state median, plus walkability of 95 and a Red Flag score of 49.

How does Loring Park compare with Minneapolis and Minnesota overall?

Loring Park in Minneapolis, Minnesota is about 1% below the city median and 9% above the state median. It has walkability of 95, a gross yield of 4.8, a Red Flag score of 49, and education in the 15th percentile, making the profile highly walkable but mixed on other measures.

Neighborhood

Loring Park

Minneapolis, Minnesota US

Loring Park in Minneapolis, Minnesota is a walkability-led market with walkability of 95 and prices in line with the city, about 1% below, while sitting 9% above the state median. The gross yield is 4.8, and over the past year prices were up 0.2, indicating limited momentum. With a Red Flag score of 49 and education in the 15th percentile, the main strength is accessibility while the main risk is the elevated Red Flag score.

AI Summary•Updated May 2026

Area

0.48 mi²

ZIP Code

55403

County

Hennepin County

State

Minnesota

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$356,894

YoY+0.2%

Gross Rental Yield

4.8%

Listed rent · ZORI annualized

Red Flag Index

Moderate

49 / 100

Walkability Score

Walker's Paradise

OpenStreetMap POI density · national percentile

Education Score

15 / 100

Limited · better than 15% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Loring Park Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Loring Park, Minneapolis.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$356,894	+0.2%
Price / Sq Ft (Verified)	$235/sqft	+7.8%
Asking Rent (Median)	$1,438/mo	+1.8%
Gross Rental Yield	4.8%	—
Liquidity Score	20 / 100	Low
Homes Sold (Period)	40	-18.4%

Is Loring Park Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Minnesota crime context.

Red Flag Breakdown

49 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Tornado100Very High

Heat100Very High

Hail100Very High

Strong Wind80Very High

Flood20Low

Wildfire20Low

Earthquake20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Minnesota averaged 18.6 crimes and 2.6 violent per 1,000 residents (-4.8% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Highly walkable neighborhood — score 95/100

Active transaction volume — 40 homes sold last period

Tornado risk is Very High (100/100)

Heat risk is Very High (100/100)

Insights are generated from Loring Park's live DistrictScore metrics.

Loring Park Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Minnesota-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

7.5 µg/m³ Meets EPA, above WHO guideline-4.3% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Loring Park centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 91% of U.S. neighborhoods.

Minnesota Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.6	2.6	-4.8%
2023	19.7	2.6	-12.3%
2022	22.6	2.8	-3.9%
2021	23.5	3.1	-1.1%
2020	24.0	2.8	+3.5%
2019	23.3	2.4	—

Reported at the state level — the finest official US crime aggregation; Loring Park inherits the Minnesota figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Loring Park

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)2.1 kmHigh

Industrial odor6 nearbyVery High

Point-source screening near Loring Park: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Loring Park

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

95

Walker's Paradise

Walkability Score

4

Grocery

45

Dining

5

Schools

3

Universities

5

Hospitals

2

Pharmacies

14

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Loring Park's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Loring Park vs Minneapolis vs Minnesota

How Loring Park benchmarks against its city and state medians.

Benchmark vs City & State

Across Loring Park, the median sale price sits in line with the median for Minneapolis neighborhoods and about 12% above the statewide median. Gross rental yield is 4.8%, against 5.4% for Minneapolis neighborhoods and 5.5% statewide. Over the past 12 months, prices were broadly flat. Transaction liquidity sits below the median for Minneapolis neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Loring Park	$234/sqft	4.8%	20
Minneapolis	$237/sqft	5.4%	32
Minnesota	$209/sqft	5.5%	32

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Buying Property in the US as a Foreigner

Federal & Minnesota tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.99% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 9.85%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: deed tax 0.33%.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Minnesota property-tax guidance for foreign buyers

Latest Minneapolis Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Loring Park Real Estate FAQ

Loring Park in Minneapolis, Minnesota is defined by walkability of 95 and a gross yield of 4.8. Prices are in line with the city, about 1% below, and 9% above the state median. Over the past year, prices were up 0.2, with a Red Flag score of 49.

Neighborhoods near Loring Park

Compare Loring Park with nearby neighborhoods in Minneapolis.

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