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States / Minnesota / Minneapolis

Minneapolis, MN Housing

ACS 2020-2024

Median Home Value
$362,200 ± $4,232
Median Gross Rent
$1,371 ± $20/mo
Homeownership Rate
47.7%
Rent as Share of Income
20.3%
Price-to-Income Ratio
4.5×
Vacancy Rate
7.8%
Median Year Built
1951

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
412
Buildings
96
Single-Family Units
74
Multi-Family Units
338

Nearby Cities in Minnesota

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Minneapolis, MN Housing: Rent & Home Values | HomeDataUSA