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 .

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

  $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%

$205300
Median Home Price
in Minneapolis, MN

Monthly Rent

Property Tax (with Mortgage)

$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%

$1601
Median Property Tax
in Minneapolis, MN

Property Tax (without Mortgage)

$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%

$205300
Median Propery Value
in Minneapolis, MN

$869
Median Rent
in Minneapolis, MN

Minneapolis, MN Rankings