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Minnesota
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Minnesota Real Estate Market & Appreciation

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$305,642

Number Of Homes And Apartments:
2,207,988

Minnesota Home Prices

> $1,302,973
$977,172 - $1,302,973
$651,632 - $977,171
$521,272 - $651,631
$390,826 - $521,271
$260,639 - $390,825
$130,300 - $260,638
$65,126 - $130,299
$0 - $65,125
1.2%
1.2%
1.5%
1.5%
5.8%
5.8%
7.4%
7.4%
15.5%
15.5%
29.2%
29.2%
28.6%
28.6%
6.8%
6.8%
4.0%
4.0%
0.0% 100.0%
% OF HOMES

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2022 Q1 - 2022 Q2
6.68% 29.54%
6
Last 12 Months:
2021 Q2 - 2022 Q2
16.40% 16.40%
2
Last 2 Years:
2020 Q2 - 2022 Q2
29.46% 13.78%
3
Last 5 Years:
2017 Q2 - 2022 Q2
47.31% 8.06%
4
Last 10 Years:
2012 Q2 - 2022 Q2
87.91% 6.51%
6
Since 2000:
2000 Q1 - 2022 Q2
142.38% 4.06%
4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,596 / per month

Homeownership Rate

Owners
Renters
Vacant
70.3%
70.3%
29.7%
29.7%
10.2%
10.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.4%
19.4%
40.9%
40.9%
23.6%
23.6%
16.1%
16.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.0%
67.0%
7.4%
7.4%
4.1%
4.1%
18.2%
18.2%
3.2%
3.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
11.3%
11.3%
25.1%
25.1%
33.2%
33.2%
21.2%
21.2%
6.8%
6.8%
0.0% 100.0%
% OF HOMES