The story of this market
The typical home in Minneapolis, Minnesota sells for about $375,000, or $215 per square foot.
Prices are up +7% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Minneapolis, Minnesota
The Minneapolis housing market is showing resilience despite broader economic headwinds, with home prices maintaining a steady upward trajectory. While rising mortgage rates have cooled sales volume, the city's strong employment base and limited inventory continue to support property values. Buyers are gaining slightly more leverage as inventory levels rise, but competition remains high for well-priced homes in desirable neighborhoods.
No ARED county foreclosure postings attributed to Minneapolis yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 21 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.9% year over year.
Homes spend a median of 87 days on market with 1.4 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 18.27% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 16.0% — a stable, low-distress profile.
- Mall of America®4.68.6 mi
- Valleyfair4.215.4 mi
- Great Wolf Lodge | Minnesota3.98.1 mi
- Nickelodeon Universe4.58.6 mi
- Slick City Action Park4.510.9 mi
- U.S. Bank Stadium4.60.5 mi
- Grand Casino Arena4.68.3 mi
- Minneapolis Convention Center4.50.7 mi
- Minnesota State Fair4.74.6 mi
- Topgolf Brooklyn Center4.36.6 mi
- Mall of America®4.68.6 mi
- U.S. Bank Stadium4.60.5 mi
- Como Park Zoo & Conservatory4.75.5 mi
- Minnesota Zoo4.614.9 mi
- Minneapolis Institute of Art4.81.4 mi
- Minneapolis Institute of Art4.81.4 mi
- Science Museum of Minnesota4.68.5 mi
- University of Minnesota Landscape Arboretum4.819 mi
- Union Depot4.59 mi
- Walker Art Center4.51.3 mi
- Como Park Zoo & Conservatory4.75.5 mi
- Minneapolis Sculpture Garden4.71.3 mi
- Centennial Lakes Park4.78.2 mi
- Lake Harriet Regional Park4.84 mi
- Elm Creek Park Reserve4.713.9 mi
- Pool and Yacht Club4.78.1 mi
- Watergate Marina4.57.4 mi
- Topgolf Brooklyn Center4.36.6 mi
- National Sports Center4.512.6 mi
- Edinburgh USA4.49.8 mi
- The Minikahda Club4.43.6 mi
- Puttery4.70.4 mi
- Mall of America®4.68.6 mi
- Rosedale Center4.35.1 mi
- Twin Cities Premium Outlets4.511.5 mi
- Ridgedale Center4.48.5 mi
- Karmel Mall4.12.1 mi
- Minneapolis-Saint Paul International Airport4.46.9 mi
- Shoyu3.77.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
An iconic urban park featuring the famous Spoonbridge and Cherry sculpture, serving as a major cultural anchor.
The largest lake in Minneapolis, offering extensive recreational trails and water activities that drive high property values in surrounding neighborhoods.
A major multi-purpose stadium that hosts professional sports and large-scale events, significantly impacting downtown economic activity.
Minneapolis attracts a diverse mix of residents, including young professionals drawn to the vibrant downtown and arts districts, and families seeking established neighborhoods with access to parks. The city is also a hub for students and academic staff, creating a consistent demand for both rental and entry-level ownership housing.
The Minneapolis Public Schools district serves a diverse student population with varying performance metrics across individual campuses. While some magnet and specialized programs receive high marks, the district faces ongoing challenges regarding equity and academic achievement gaps.
The city is served by a comprehensive network of highways and the METRO light rail system, which connects downtown to the airport and suburban hubs. Commuter infrastructure is a central focus of city planning to manage traffic flow and improve accessibility.
Minneapolis is renowned for its extensive park system, including the Chain of Lakes and the Mississippi National River and Recreation Area. The city offers world-class cultural amenities, such as the Walker Art Center and the Minneapolis Sculpture Garden, alongside a vibrant downtown dining and shopping scene.
The rental market is characterized by high demand in urban cores and near the University of Minnesota, with a steady pipeline of new multi-family developments. Vacancy rates remain competitive, and the presence of institutional investors is significant in the downtown and Uptown neighborhoods.
The Minneapolis economy is anchored by a diverse mix of Fortune 500 companies in retail, healthcare, and financial services. The presence of the University of Minnesota provides a steady stream of talent and research-driven economic momentum.
Minneapolis maintains a robust economic base anchored by major corporate headquarters in retail, healthcare, and finance. Infrastructure investment is focused on transit-oriented development and the revitalization of the downtown riverfront, driving steady demand for urban housing.
Current planning efforts are heavily focused on transit-oriented development and the expansion of affordable housing units near major employment corridors. The city is also prioritizing the redevelopment of the Mississippi riverfront to enhance public access and commercial utility.
Parcels in Minneapolis are subject to various special taxing districts, including those for watershed management, public library services, and regional transit authorities.
Minneapolis has experienced significant volatility in crime rates, with property crime remaining a primary concern for residents and businesses. Recent trends show localized efforts to improve public safety, though rates remain higher than the national average for cities of similar size.
The city faces moderate climate risks, primarily related to severe summer storms, high winds, and occasional localized flooding near the Mississippi River. Property insurance markets remain stable, though premiums are sensitive to regional weather patterns and aging infrastructure.
The property insurance market in Minneapolis is stable, though homeowners face rising premiums due to regional weather risks and the increasing cost of building materials.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and Profile pages.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.