121 census tracts
Minneapolis.Minnesota housing market
This Minneapolis housing market report covers about 209,100 homes across 121 census tracts. Picking the tract matters more in Minneapolis than in most markets: the middle half of its tracts spans 65 to 73 on the Location Score, wider than in 126 of the 139 markets PriceDNA tracks. For August 2026, the average listing price is $496,677 across 2,765 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $496,677 2,765 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 209,100 across 121 assigned tracts
- Renter-occupied
- 52% of occupied homes
Minneapolis housing market context
- Home price growth runs at 3.6% a year, slower than in 116 of the 139 markets, against the Minnesota median of 4.3%.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 121 census tracts in Minneapolis.
Half of Minneapolis's tracts score between 65 and 73. The full range spans 56 to 82, with a median of 70.3.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Minneapolis's tracts is 8.1 points wide on the score, wider than in 126 of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 209,100 homes in Minneapolis, including occupancy, tenure, and structure type.
Of about 209,100 homes, 7.8% are vacant. Among occupied homes, 52% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 44% of Minneapolis’s housing units are in single-family structures, 12% in small multifamily buildings (2 to 4 units), and 44% in larger multifamily buildings (5+ units). Percentages are rounded; small residual structure categories are not shown.
How Minneapolis compares
Minneapolis's median is above the Minnesota median on 4 of these 8 measures and above the U.S. median on 5. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Minneapolis lower · median · upper Minneapolis | Minnesota MN | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$61,360 $78,614 $100,974 | $83,146 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
48% 62% 70% | 48% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
36% 40% 51% | 31% | 32% |
|
FHFA HPI · 2025
|
3.6% 3.6% 3.8% | 4.3% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
3.3% 3.8% 4.5% | 3.7% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
1.65% every tract | 1.65% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.56% 0.63% 0.84% | 0.65% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
27.3% 29.7% 33.2% | 29.4% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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