The median home in Minneapolis, Minnesota is valued at $316,172, up 1.2% year over year. Typical monthly rent is $1,651, producing a price-to-rent ratio of 16x — near the national average of 18x. Minneapolis is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Minneapolis-St. Paul-Bloomington, MN-WI stress score, crash risk, and 12-month forecast →

Home Value$316,172

+1.2%

Rent$1,651/mo

AFFORDABILITY

Enter your income for Minneapolis.

Income (annual)

Down Payment

$63,234 on $316,172

Stretch — 32.7% of income

Above 28% but manageable with cuts.

PITI$2,044

P/I32.7%

Afford$271K

Gap-$45K

P&I $1,599Tax $295Ins $150

Renting $393/mo cheaper ($1,651 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Minneapolis with other housing markets across Minnesota.

Minnetonka Beach$2220K Woodland$1619K Greenwood$1602K Sunfish Lake$1156K Orono$1084K Medicine Lake$1082K Tonka Bay$1059K Deephaven$1018K

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro →

MINNEAPOLIS, MN