{
  "schema_version": "1.0",
  "submarket": {
    "slug": "hennepin-far-western-suburbs-mn",
    "name": "Hennepin Far Western Suburbs",
    "state": "MN",
    "city": "EXCELSIOR",
    "cbsa": "Minneapolis-St. Paul-Bloomington",
    "zip_codes": [
      "55331",
      "55340",
      "55384",
      "55391"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:00.200Z",
    "last_updated_at": "2026-06-02T13:11:09.535Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1390,
        "low": 1335,
        "high": 1446,
        "mom_pct": -4.113428571428571,
        "yoy_pct": 1.9842857142857144
      },
      "2br": {
        "median": 1809,
        "low": 1719,
        "high": 1900,
        "mom_pct": 0.21344444444444446,
        "yoy_pct": 9.073888888888888
      },
      "3br": {
        "median": 2488,
        "low": 2408,
        "high": 2567,
        "mom_pct": -1.9431578947368418,
        "yoy_pct": 3.8942105263157893
      },
      "4br": {
        "median": 2896,
        "low": 2841,
        "high": 2983,
        "mom_pct": -0.035,
        "yoy_pct": 2.8225000000000002
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1556,
        "low": 1506,
        "high": 1606,
        "mom_pct": 0.2642857142857143,
        "yoy_pct": 4.663571428571429
      },
      "2br": {
        "median": 1979,
        "low": 1916,
        "high": 2042,
        "mom_pct": 0.6028571428571429,
        "yoy_pct": 4.963571428571429
      },
      "3br": {
        "median": 2674,
        "low": 2575,
        "high": 2773,
        "mom_pct": 1.1463157894736842,
        "yoy_pct": 4.274736842105263
      },
      "4br": {
        "median": 2945,
        "low": 2907,
        "high": 3033,
        "mom_pct": 0.1675,
        "yoy_pct": 2.7499999999999996
      }
    },
    "single_family": {
      "1br": {
        "median": 1696,
        "low": 1672,
        "high": 1755,
        "mom_pct": 0.6823076923076924,
        "yoy_pct": 6.583846153846154
      },
      "2br": {
        "median": 2019,
        "low": 1976,
        "high": 2084,
        "mom_pct": -0.41666666666666663,
        "yoy_pct": 5.891333333333333
      },
      "3br": {
        "median": 2800,
        "low": 2696,
        "high": 2904,
        "mom_pct": 0.9676000000000002,
        "yoy_pct": 3.2532000000000005
      },
      "4br": {
        "median": 3085,
        "low": 2992,
        "high": 3177,
        "mom_pct": -1.3311764705882352,
        "yoy_pct": -0.22588235294117645
      }
    }
  },
  "vacancy": 3.4672,
  "days_on_market": {
    "apartment": 34,
    "condo_townhome": 31,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartments fall 4.1% to $1,390",
      "body": "In the Hennepin Far Western Suburbs (55331, 55340, 55384, 55391) rental market, 1-bedroom apartments posted a 4.1% month-over-month decline, reaching a median rent of $1,390. However, on a year-over-year basis, rents in this segment rose 1.98%, showing upward movement over the longer term."
    },
    {
      "headline": "2BR apartments gain 9.1% YoY to $1,809",
      "body": "Median rents for 2-bedroom apartments in Hennepin Far Western Suburbs (55331, 55340, 55384, 55391) increased 9.07% year-over-year to $1,809, while their month-over-month gain was a modest 0.21%. This segment trails 2-bedroom condos/townhomes by $170, as condos reached $1,979 in April 2026."
    },
    {
      "headline": "4BR single-family homes drop 1.3% MoM",
      "body": "Among Hennepin Far Western Suburbs (55331, 55340, 55384, 55391) rental trends, 4-bedroom single-family homes experienced a 1.33% month-over-month decline to $3,085. The annual change for this segment was -0.23%, making it the only category to register negative year-over-year rent growth across all property types."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Hennepin Far Western Suburbs, MN range from $1,390 to $3,085 per month depending on property type and bedroom count.",
      "The most notable year-over-year increase was in 2BR apartment rents, which rose 9.07% in Hennepin Far Western Suburbs, MN compared to April 2025.",
      "For 2BR units, single-family homes have a median rent of $2,019, while apartments are at $1,809 and condos/townhomes at $1,979."
    ],
    "qa": [
      {
        "question": "What is the rent range in Hennepin Far Western Suburbs, MN for April 2026?",
        "answer": "Rents in Hennepin Far Western Suburbs, MN for April 2026 span from $1,390 for a 1BR apartment up to $3,085 for a 4BR single-family home."
      },
      {
        "question": "How do condo/townhome rents compare to single-family rents for the same bedroom counts in Hennepin Far Western Suburbs, MN?",
        "answer": "For 1BR units, condos/townhomes cost $1,556 and single-family homes are $1,696, while for 4BR units, condos/townhomes are $2,945 and single-family homes are $3,085—single-family rents are higher for each bedroom count."
      },
      {
        "question": "What is the price gap between apartments and condos/townhomes for similar bedroom counts in Hennepin Far Western Suburbs, MN?",
        "answer": "For April 2026, 2BR apartments are $1,809 compared to $1,979 for 2BR condos/townhomes, and 3BR apartments are $2,488 versus $2,674 for 3BR condos/townhomes; condos/townhomes consistently have higher rents than apartments."
      },
      {
        "question": "How do single-family home rents compare to apartment rents for equivalent bedroom counts in Hennepin Far Western Suburbs, MN?",
        "answer": "For 1BR units, single-family homes charge $1,696 while apartments are $1,390, and for 3BR units, single-family homes are $2,800 and apartments are $2,488; single-family homes have higher rents for every bedroom count."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1390,
          "2br": 1809,
          "3br": 2488,
          "4br": 2896
        },
        "condo_townhome": {
          "1br": 1556,
          "2br": 1979,
          "3br": 2674,
          "4br": 2945
        },
        "single_family": {
          "1br": 1696,
          "2br": 2019,
          "3br": 2800,
          "4br": 3085
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1875,
          "2br": 4023,
          "3br": 5006,
          "4br": 2895
        },
        "condo_townhome": {
          "1br": 1558,
          "2br": 1988,
          "3br": 2640,
          "4br": 2932
        },
        "single_family": {
          "1br": 1684,
          "2br": 2270,
          "3br": 2798,
          "4br": 3281
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1872,
          "2br": 4259,
          "3br": 5574,
          "4br": 2922
        },
        "condo_townhome": {
          "1br": 1553,
          "2br": 2021,
          "3br": 2711,
          "4br": 3055
        },
        "single_family": {
          "1br": 1681,
          "2br": 1989,
          "3br": 3036,
          "4br": 3237
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1421,
          "2br": 1749,
          "3br": 2534,
          "4br": 2950
        },
        "condo_townhome": {
          "1br": 1567,
          "2br": 2002,
          "3br": 2658,
          "4br": 2973
        },
        "single_family": {
          "1br": 1677,
          "2br": 1985,
          "3br": 2777,
          "4br": 3127
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1484,
          "2br": 1827,
          "3br": 2555,
          "4br": 2970
        },
        "condo_townhome": {
          "1br": 1578,
          "2br": 2029,
          "3br": 2681,
          "4br": 2999
        },
        "single_family": {
          "1br": 1683,
          "2br": 1998,
          "3br": 2806,
          "4br": 3161
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1474,
          "2br": 1810,
          "3br": 2560,
          "4br": 2975
        },
        "condo_townhome": {
          "1br": 1583,
          "2br": 2056,
          "3br": 2695,
          "4br": 3016
        },
        "single_family": {
          "1br": 1690,
          "2br": 2007,
          "3br": 2808,
          "4br": 3187
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1476,
          "2br": 1776,
          "3br": 2546,
          "4br": 2959
        },
        "condo_townhome": {
          "1br": 1594,
          "2br": 2069,
          "3br": 2700,
          "4br": 3016
        },
        "single_family": {
          "1br": 1687,
          "2br": 2004,
          "3br": 2796,
          "4br": 3196
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1443,
          "2br": 1754,
          "3br": 2525,
          "4br": 2936
        },
        "condo_townhome": {
          "1br": 1569,
          "2br": 2027,
          "3br": 2702,
          "4br": 3006
        },
        "single_family": {
          "1br": 1680,
          "2br": 1995,
          "3br": 2803,
          "4br": 3190
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1426,
          "2br": 1740,
          "3br": 2500,
          "4br": 2907
        },
        "condo_townhome": {
          "1br": 1559,
          "2br": 2017,
          "3br": 2690,
          "4br": 2988
        },
        "single_family": {
          "1br": 1669,
          "2br": 1981,
          "3br": 2813,
          "4br": 3180
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1410,
          "2br": 1737,
          "3br": 2473,
          "4br": 2878
        },
        "condo_townhome": {
          "1br": 1553,
          "2br": 2015,
          "3br": 2660,
          "4br": 2960
        },
        "single_family": {
          "1br": 1654,
          "2br": 1963,
          "3br": 2801,
          "4br": 3160
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1382,
          "2br": 1705,
          "3br": 2445,
          "4br": 2854
        },
        "condo_townhome": {
          "1br": 1531,
          "2br": 1968,
          "3br": 2633,
          "4br": 2928
        },
        "single_family": {
          "1br": 1636,
          "2br": 1944,
          "3br": 2758,
          "4br": 3125
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1384,
          "2br": 1685,
          "3br": 2416,
          "4br": 2829
        },
        "condo_townhome": {
          "1br": 1506,
          "2br": 1939,
          "3br": 2590,
          "4br": 2889
        },
        "single_family": {
          "1br": 1612,
          "2br": 1917,
          "3br": 2718,
          "4br": 3087
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/hennepin-far-western-suburbs-mn/",
    "self": "https://data.estaite.com/feeds/hennepin-far-western-suburbs-mn.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}