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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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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

$378,643

Number Of Homes And Apartments:

2,282,967

Minnesota Home Prices

> $1,217,077
$912,739 - $1,217,077
$608,600 - $912,738
$486,953 - $608,599
$365,151 - $486,952
$243,428 - $365,150
$121,773 - $243,427
$60,901 - $121,772
$0 - $60,900
2.1%
2.1%
2.8%
2.8%
11.9%
11.9%
12.6%
12.6%
21.4%
21.4%
27.0%
27.0%
14.9%
14.9%
3.5%
3.5%
3.7%
3.7%
0% 100.0%
% of Homes

Minnesota Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,817 / per month

Homeownership Rate

Owners
Renters
70.6%
70.6%
29.4%
29.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.4%
9.4%
90.6%
90.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.4%
22.4%
39.3%
39.3%
22.6%
22.6%
15.6%
15.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.3%
66.3%
7.5%
7.5%
4.2%
4.2%
19.0%
19.0%
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
2.6%
2.6%
11.3%
11.3%
24.7%
24.7%
32.4%
32.4%
21.8%
21.8%
7.3%
7.3%
0% 100.0%
% of Homes