Minneapolis housing market
Typical home value
$388K
▲ 1.7% 1 yr
Typical rent
$1,736/mo
▲ 3.5% 1 yr
12-month forecast
+1.6%
#333 of 546 metros
Gross rent yield
5.4%
#361 of 546 · U.S. 6.3%
Days to pending
43 days
▲ +3 days 1 yr
Listings with a price cut
29%
▲ +2.2 pts 1 yr
Key takeaways
- 1The typical home is worth $387,807, up 1.7% in a year and up 11% over five years.
- 2Zillow forecasts home values rising 1.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,736/mo (+3.5% YoY), a 5.4% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,131/mo in principal and interest, $395 more than renting.
- 5Homes go under contract in 43 days (+3 days vs last year); 29% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 32/100, #406 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Minneapolis compares
| Measure | Minneapolis | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.7% | +1.2% | #303 |
| Home value, 5-yr change | +10.8% | +19.7% | |
| 12-month forecast | +1.6% | +1.1% | #333 |
| Rent, 1-yr change | +3.5% | +2.7% | #251 |
| Gross rent yield | 5.4% | 6.3% | #361 |
| Price-to-rent ratio | 18.6 | 15.8 | |
| Mortgage P&I on typical home | $2,131 | $2,012 | |
| Income needed to buy | $111,845 | $100,902 | |
| Days to pending | 43 | 56 |
Cities in the Minneapolis metro
43 cities with home value and rent data.
| Minneapolis | $328K | ▲ 0.7% | $1,747 | ▲ 3.2% | 6.4% |
| Saint Paul | $291K | ▲ 0.8% | $1,524 | ▲ 3.4% | 6.3% |
| Bloomington | $360K | ▲ 1.0% | $1,681 | ▲ 4.2% | 5.6% |
| Brooklyn Park | $345K | ▲ 0.5% | $1,558 | ▲ 9.4% | 5.4% |
| Plymouth | $505K | ▲ 1.8% | $1,907 | ▲ 4.2% | 4.5% |
| Woodbury | $461K | ▲ 2.2% | $2,196 | ▲ 3.9% | 5.7% |
| Lakeville | $485K | ▲ 0.9% | $2,101 | ▲ 1.4% | 5.2% |
| Maple Grove | $424K | ▲ 1.3% | $2,198 | ▲ 4.8% | 6.2% |
| Saint Cloud | $256K | ▲ 1.3% | $1,241 | ▲ 5.3% | 5.8% |
| Blaine | $382K | ▲ 1.1% | $2,064 | ▲ 4.0% | 6.5% |
| Eagan | $398K | ▲ 1.6% | $1,679 | ▲ 1.6% | 5.1% |
| Burnsville | $365K | ▲ 2.1% | $1,493 | ▲ 1.9% | 4.9% |
| Eden Prairie | $500K | ▲ 2.5% | $1,837 | ▲ 3.6% | 4.4% |
| Coon Rapids | $330K | ▲ 1.6% | $1,672 | ▲ 4.0% | 6.1% |
| Apple Valley | $375K | ▲ 1.4% | $1,985 | ▼ 0.7% | 6.4% |
| Edina | $625K | ▲ 4.3% | $2,015 | ▲ 3.2% | 3.9% |
| Minnetonka | $485K | ▲ 2.8% | $1,822 | ▲ 4.1% | 4.5% |
| Saint Louis Park | $377K | ▲ 0.9% | $1,851 | ▲ 3.3% | 5.9% |
| Shakopee | $407K | ▲ 0.9% | $1,763 | ▲ 2.4% | 5.2% |
| Maplewood | $342K | ▲ 1.8% | $1,488 | ▲ 1.8% | 5.2% |
| Cottage Grove | $397K | ▲ 1.7% | $1,827 | ▲ 2.5% | 5.5% |
| Richfield | $343K | ▲ 1.6% | $1,393 | ▲ 2.6% | 4.9% |
| Roseville | $372K | ▲ 2.6% | $1,553 | ▲ 3.0% | 5.0% |
| Inver Grove Heights | $373K | ▲ 1.7% | $1,795 | ▲ 2.8% | 5.8% |
| Brooklyn Center | $296K | ▲ 0.1% | $1,395 | ▲ 2.2% | 5.7% |
| Chaska | $482K | ▲ 2.7% | $1,828 | ▲ 2.2% | 4.6% |
| Savage | $425K | ▲ 1.2% | $1,929 | ▲ 1.7% | 5.5% |
| Fridley | $320K | ▲ 1.0% | $1,389 | ▲ 5.1% | 5.2% |
| Oakdale | $356K | ▲ 3.4% | $1,858 | ▲ 4.1% | 6.3% |
| Ramsey | $390K | ▲ 1.2% | $1,983 | ▲ 4.9% | 6.1% |
| River Falls | $415K | ▲ 3.6% | $1,771 | ▲ 4.5% | 5.1% |
| Rosemount | $431K | ▲ 0.3% | $2,035 | ▲ 1.5% | 5.7% |
| White Bear Lake | $356K | ▲ 2.6% | $1,745 | ▼ 0.4% | 5.9% |
| New Brighton | $379K | ▲ 2.0% | $1,394 | ▲ 2.4% | 4.4% |
| Golden Valley | $436K | ▲ 2.6% | $1,940 | ▲ 2.1% | 5.3% |
| New Hope | $347K | ▲ 1.9% | $1,359 | ▲ 2.6% | 4.7% |
| Forest Lake | $428K | ▲ 3.5% | $1,573 | ▲ 5.1% | 4.4% |
| West Saint Paul | $318K | ▲ 2.4% | $1,428 | ▲ 1.1% | 5.4% |
| Hopkins | $329K | ▲ 2.1% | $1,617 | ▲ 5.1% | 5.9% |
| Anoka | $334K | ▲ 2.2% | $1,422 | ▲ 5.5% | 5.1% |
| Robbinsdale | $311K | ▲ 1.7% | $1,673 | ▲ 9.2% | 6.5% |
| Little Canada | $359K | ▲ 1.1% | $1,390 | ▲ 0.7% | 4.6% |
| Monticello | $334K | ▲ 1.1% | $1,668 | ▲ 4.6% | 6.0% |
Run the numbers
Rental property calculator
Cash flow on a typical Minneapolis rental ($388K, $1,736/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Minneapolis home.
Rent vs buy
Is it cheaper to rent or buy in Minneapolis?
Other Minnesota metros
Duluth, MN
$264K home$1,329 rent6.0% yield
▲ 5.2% 1 yr
Rochester, MN
$338K home$1,590 rent5.6% yield
▲ 3.8% 1 yr
St. Cloud, MN
$311K home$1,224 rent4.7% yield
▲ 2.4% 1 yr
Grand Forks, ND
$283K home$1,132 rent4.8% yield
▲ 7.3% 1 yr
Mankato, MN
$306K home$1,236 rent4.9% yield
▲ 2.5% 1 yr
Faribault, MN
$351K home$1,579 rent5.4% yield
▲ 2.2% 1 yr
Winona, MN
$283K home$1,093 rent4.6% yield
▲ 3.9% 1 yr
Austin, MN
$202K home$1,161 rent6.9% yield
▲ 3.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.