Housing in Minneapolis, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$315,000
Median List Price
$325,000
Price Per Sq Ft
$207
Days on Market
42
Active Inventory
724
Months of Supply
3.8
Seller's market
Zillow Home Value
$316,172
ZHVI — January 2026
Zillow Rent Index
$1,651
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
22.5%
Off Market in 2 Weeks
30.1%
Sale-to-List Ratio
97.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
191
New Listings
286
Pending Sales
249
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$207
Median List $/SF
$218
Minneapolis vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 250,000 - 500,000 residents. Minneapolis is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$345,600
Median Rent
$1,329
Total Housing Units
203,217
Vacancy Rate
7.0%
Owner Occupied
48.0%
Renter Occupied
52.0%
Median Property Tax
$4,181
per year
Monthly Cost (w/ Mortgage)
$1,768
Housing Types
The current median sale price in Minneapolis, MN is $315,000 according to Redfin data. Homes spend a median of 42 days on the market. 22.5% of homes sold above asking price. The market has 3.8 months of supply. The median price per square foot is $207. Zillow's observed rent index is $1,651/month. About 48.0% of housing units are owner-occupied. The median year homes were built is 1950. There are 203,217 total housing units.