Maple Grove, Minnesota Real Estate & Housing Market

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Maple Grove Housing Information

Index	Maple Grove	Minnesota	National
Median home price	$254,400	$191,500	$184,700
Median rent asked	$1,374	$873	$949
Avg. people per household	2.5	2.4	2.6
Owner occupied households	84.6%	71.4%	63.6%
Renter occupied households	15.4%	28.6%	36.4%

A general overview of the Maple Grove, MN real estate market is displayed above. The median home price for homes in Maple Grove, MN is $254,400, which is 33% higher than the Minnesota average. This means that real estate in the Maple Grove, MN area is generally less affordable than the rest of Minnesota. The median rent price in Maple Grove, MN is $1,374 which is 57% higher than the Minnesota average. In Maple Grove, MN, 84.6% of people are home owners and an average of 2.5 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Maple Grove, MN. We make it easy to find Maple Grove, MN real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Maple Grove Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Maple Grove, MN. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Maple Grove, MN is $254,400 and the median household income is $96,410. This results in a home price to income ratio of 2.6x, which is 13% lower than the Minnesota average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Maple Grove, MN are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Maple Grove, MN.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Hilltop, MN	799	$11,100	94%
St. Anthony city (Stearns County), MN	106	$80,000	57%
Brooklyn Center, MN	30,785	$140,000	24%
Columbia Heights, MN	19,689	$155,300	16%
Lexington, MN	1,965	$155,400	16%
Maple Grove, MN	66,969	$254,400	38%

Cities with similar population

City, State	Population	Home Price	National Avg.
Kenner, LA	66,954	$169,700	8%
Davis, CA	66,886	$565,700	206%
New Braunfels, TX	67,097	$177,200	4%
Kissimmee, FL	66,840	$136,300	26%
Bossier City, LA	67,152	$156,100	15%
Maple Grove, MN	66,969	$254,400	38%

Source: The Maple Grove, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).