Minneapolis - MN vs San Diego - CA: 2026 Housing Comparison

What this means for buyers

San Diego - CA is roughly 139% more expensive than Minneapolis - MN in typical home value.

Minneapolis vs San Diego: what the numbers say

At today's 7.40% average 30-year rate with 20% down, the typical home would cost about $2,148 a month in principal and interest in Minneapolis and $5,134 in San Diego, a gap of $2,986 a month.

Typical rent runs $1,736 in Minneapolis and $2,967 in San Diego, so the mortgage payment alone is 1.2 times rent in Minneapolis and 1.7 times rent in San Diego, before taxes and insurance.

Home prices are 18.6 years of rent in Minneapolis and 26.0 in San Diego; 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 -1.8% in San Diego; over just the last three months the change was +0.4% in Minneapolis and +0.3% in San Diego.

Homes sell for 100.3% of list price in Minneapolis and 99.3% in San Diego, after 26 and 25 days on the market, with price cuts on 30% and 29% of listings. The signs are mixed: Minneapolis has more price cuts and longer time on the market, while San Diego has sales further below list.

The number of homes for sale is up 19% on a year ago in Minneapolis and down 6% on a year ago in San Diego.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-15), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.