Minneapolis, MN
Full City Profile · Minnesota · Dakota County County
3.5
/5.0
B+
Good
426,845
Population
7,905/sq mi density
$80,269
Median Income
$50,605 per capita
$345,600
Home Value
$328,529 Zillow
$1,329
Median Rent
28.7% income on rent
47°F
Avg Temperature
1,168
Violent Crime/100K
5,183 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$80,269 median income, 5.7% unemployment
A
Affordability
4.3 / 5.0
$345,600 home value, $1,329/mo rent
F
Safety
1.0 / 5.0
1,168 violent crimes/100K (207% above avg)
A+
Education
5.0 / 5.0
54.5% bachelor's degree or higher
Housing Overview
Median Home Value
$345,600
23% above
US avg: $281,900
Median Rent
$1,329/mo
14% above
US avg: $1,163/mo
Homeownership Rate
48.0%
27% below US avg (65.4%)
Total Housing Units
198,971
Median year built: 1950
Home Value by Source
Census Median
$345,600
Zillow (ZHVI)
$328,529
Redfin Median Sale
$320,000
Median Sale Price
$320,000
Median List Price
$364,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
48.0%
Owner-Occupied
52.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,329/mo
· Zillow rent:
$1,638/mo
Market Indicators (Redfin)
Median Sale Price
$320,000
Median Days on Market
49 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
211
Price Drops
20.6%
of listings with price reduction
Price Per Sq Ft
$222
Active Inventory
802
homes for sale
Affordability & Housing Stock
Rent Burden
28.7%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
48.0%
Complete Housing Data
Home Values
| Census Median Value | $345,600 |
| Zillow Home Value (ZHVI) | $328,529 |
| Redfin Median Sale | $320,000 |
| Median Sale Price | $320,000 |
| Median List Price | $364,900 |
| Price Per Sq Ft | $222 |
Rent
| Census Median Rent | $1,329 |
| Zillow Rent (ZORI) | $1,638 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 49 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.6% |
| Homes Sold | 211 |
| Active Inventory | 802 |
| Price Per Sq Ft | $222 |
Ownership & Stock
| Owner-Occupied | 48.0% |
| Renter-Occupied | 52.0% |
| Homeownership Rate | 48.0% |
| Total Housing Units | 198,971 |
| Median Year Built | 1950 |
| Rent Burden | 28.7% |