Minneapolis Housing Information - Census

IndexMinneapolisMinnesotaNational
Median home price$212,800$191,500$184,700
Median rent asked$898$873$949
Avg. people per household2.32.42.6
Owner occupied households47.4%71.4%63.6%
Renter occupied households52.6%28.6%36.4%

Minneapolis Housing Information - Zillow

IndexMinneapolisMinnesotaNational
Zillow home value index$231,200$205,200$196,500
Year over year appreciation rate7.39%8.17%6.79%
5 year average appreciation rate7.80%6.58%5.28%
10 year average appreciation rate0.63%-0.12%0.01%

Did you know?

  • The median home price in Minneapolis is 15% higher than the national average.
  • The median rent asked in Minneapolis is 5% lower than the national average.
  • The average number of people per household in Minneapolis is 13% lower than the national average.
  • The number of owner occupied households in Minneapolis is 25% lower than the national average.
  • The number of renter occupied households in Minneapolis is 44% higher than the national average.

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Compare Minneapolis, MN Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Hilltop, MN799$11,10094%
Landfall, MN793$13,20093%
South End, MN26$32,50082%
St. Anthony city (Stearns County), MN106$80,00057%
Brooklyn Center, MN30,785$140,00024%
Minneapolis, MN404,670$212,80015%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Tulsa, OK399,906$126,20032%
Oakland, CA412,040$500,500171%
Cleveland, OH389,165$67,50063%
Wichita, KS388,033$120,80035%
Arlington, TX383,899$137,90025%
Minneapolis, MN404,670$212,80015%
Source: The Minneapolis, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.