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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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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

$317,281

Number Of Homes And Apartments:

2,229,100

Minnesota Home Prices

> $1,279,614
$959,714 - $1,279,614
$639,804 - $959,713
$511,993 - $639,803
$383,976 - $511,992
$256,003 - $383,975
$128,053 - $256,002
$64,005 - $128,052
$0 - $64,004
1.3%
1.3%
1.7%
1.7%
6.7%
6.7%
8.5%
8.5%
17.1%
17.1%
29.3%
29.3%
25.2%
25.2%
6.0%
6.0%
4.2%
4.2%
0% 100.0%
% of Homes

Minnesota Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,754 / per month

Homeownership Rate

Owners
Renters
Vacant
70.7%
70.7%
29.3%
29.3%
9.8%
9.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.2%
20.2%
40.4%
40.4%
23.6%
23.6%
15.9%
15.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.7%
66.7%
7.5%
7.5%
4.2%
4.2%
18.5%
18.5%
3.0%
3.0%
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
2.4%
2.4%
11.3%
11.3%
24.8%
24.8%
33.0%
33.0%
21.5%
21.5%
7.1%
7.1%
0% 100.0%
% of Homes