Minneapolis - MN housing market

The typical Minneapolis home is worth $387,807 as of September 2026, up 0.2% from the prior month, up 0.4% over three months, and up 1.7% from a year ago. Over the past two years values have ranged from $374,579 to $387,807.

Homes are going pending in about 26 days, slower than the 17 days seen three months earlier. There are roughly 13,957 homes for sale, 19% more than a year ago. 29.5% of listings have taken a price cut (up from 22.2% three months ago).

Typical rent is $1,736 a month, up 3.5% year over year, which puts the price-to-rent ratio at 18.6.

At this week's 7.40% mortgage rate with 20% down ($77,561), the typical Minneapolis home costs about $2,633 a month including tax and insurance, which needs a household income of roughly $112,800 to stay under a 28% payment-to-income ratio.

The typical home value ($387,807) is the Zillow Home Value Index for the Minneapolis - MN metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.7% over the past year. In Minneapolis - MN, that means a home worth $381,324 last year is now worth roughly $387,807.

The median sale price, what homes actually close for, is $373,590. Homes are selling at 100.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Minneapolis - MN sit on the market for roughly 26 days before going pending. Shorter = seller's market; longer = buyer's market.

About 29.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 4,653 new listings hit the market each month in Minneapolis - MN. There are currently 13,957 homes for sale, up 19.1% from a year ago.

The typical monthly rent in Minneapolis - MN is $1,736, up 3.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.6x, toss-up (#67 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,148 a month in principal and interest, $412 more than renting before taxes, insurance and upkeep. The two break even at a 5.37% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →