Real Estate in Minneapolis, MN
Ready to move to Minneapolis, MN? Click below to learn more about recent housing trends, average home values and other real estate insights .
Diverse economy, professional sports, and great food top the many good choices.
Nice homes, the downtown, and the people contribute to an attractive quality of life.
Uptown, Downtown and Dinkeytown have many housing options
Real Estate Overview
So you want to move to Minneapolis, MN, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Minneapolis is $205,300, while the median rent for a one bedroom apartment is $869 . The median salary in Minneapolis, MN, is $51,480, and depending on how yours compares, it should help you determine which housing option is best for you.
Property Values in Minneapolis, MN
|$1,000,000 or More||1.4%|
|$50k to $99k||7.4%|
|$100k to $149k||16.2%|
|$200k to $299k||27.5%|
|$300k to $499k||16.1%|
|$500k to $999k||6.9%|
|Less than $50k||2.7%|
Monthly Rent in Minneapolis, MN
Property Tax (with Mortgage) in Minneapolis, MN
|$1.5k to $2k||27.6%|
|$1k to $1.5k||31.1%|
|$2.5k to $3k||6.1%|
|$2k to $2.5k||13.7%|
|Property Tax $3k or more||8.6%|
|$500 to $999||12%|
Property Tax (without Mortgage) in Minneapolis, MN
|$1k or More||13.9%|
|$250 to $399||14.1%|
|$400 to $599||32.7%|
|$600 to $799||23.2%|
|$800 to $999||11.2%|
|Less than $250||5%|
|Property Tax Less $0.5k||0.8%|