Minneapolis - MN vs Denver - CO: 2026 Housing Comparison

What this means for buyers

Denver - CO is roughly 43% more expensive than Minneapolis - MN in typical home value. Denver - CO sees more listings with price cuts (36.7% vs 29.5%), a sign of softening seller expectations.

Minneapolis vs Denver: what the numbers say

At today's 7.32% average 30-year rate with 20% down, the typical home would cost about $2,131 a month in principal and interest in Minneapolis and $3,053 in Denver, a gap of $921 a month.

Typical rent runs $1,736 in Minneapolis and $1,900 in Denver, so the mortgage payment alone is 1.2 times rent in Minneapolis and 1.6 times rent in Denver, before taxes and insurance.

Home prices are 18.6 years of rent in Minneapolis and 24.4 in Denver; the lower ratio in Minneapolis means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +3.5% in Minneapolis and -4.8% in Denver; over just the last three months the change was +0.4% in Minneapolis and +0.3% in Denver.

Homes sell for 100.3% of list price in Minneapolis and 98.9% in Denver, after 26 and 30 days on the market, with price cuts on 30% and 37% of listings. All three signs point the same way: buyers have more room to negotiate in Denver.

The number of homes for sale is up 19% on a year ago in Minneapolis and down 1% on a year ago in Denver.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-22), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.