Minneapolis, MN Real Estate
Minneapolis anchors one of Minnesota's largest metro areas with a population of about 426,845. The median home value is near $345,600, and median rent runs around $1,329/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$345,600
Median Rent
$1,329/mo
Population
426,845
Median Income
$80,269
Median Age
33
Homeownership
48%
Monthly payment on a median Minneapolis home
Example for a $345,600 home: 20% down, 30-yr at ~6.75%, MN property tax ~1.05%, 0.4% insurance.
Est. monthly (PITI)
$2,211
Principal & interest
$1,793
Property tax / mo
$302
Down payment (20%)
$69,120
Minneapolis at a glance
- 32.7% of residents 25+ hold a bachelor's degree or higher.
- 48% of occupied homes are owner-occupied.
- Median household income is $80,269.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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