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Minneapolis, MN Housing

 
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As of 2010-2014, median price of a house in Minneapolis is $205,200, which is higher than the state average of $185,200 and is higher than the national average of $175,700. The Minneapolis median house value has grown by 80.79% since 2000. The growth rate for the price of a house in Minneapolis is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in Minneapolis was built is 1943, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 81,122 Owner Occupied Houses in Minneapolis, MN, #108
Minneapolis, MN
205,200 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #193
Minneapolis, MN
80.79%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Minneapolis, MNMinnesotaU.S.
Total Housing Units180,737, see rank, 100%2,364,149132,741,033
Occupied Housing Units166,824, 92.30%, see rank89.48%87.55%
Owner Occupied81,122, 44.88%, see rank64.51%56.34%
Renter Occupied85,702, 47.42%, see rank24.96%31.21%
Vacant Housing Units13,913, 7.70%, see rank10.52%12.45%
For Rent3,772, 2.09%, see rank1.22%2.34%
For Sale Only2,075, 1.15%, see rank0.96%1.20%
Rented or Sold, Not Occupied2,545, 1.41%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use1,041, 0.58%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant4,480, 2.48%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #805
Minneapolis, MNMinnesotaU.S.
194319751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Minneapolis, MN%MinnesotaU.S.
Owner-Occupied Units81,122100%1,525,20174,787,460
With a Mortgage61,56075.89%, see rank68.78%65.58%
Without a Mortgage19,56224.11%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Minneapolis, MN
1,634 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMinneapolis, MN%MinnesotaU.S.
$299 or Less920.15%, see rank0.18%0.20%
$300 to $4994430.72%, see rank1.30%1.59%
$500 to $6991,3802.24%, see rank4.08%5.01%
$700 to $9995,7889.40%, see rank12.50%14.32%
$1,000 to $1,49918,05329.33%, see rank30.43%27.90%
$1,500 to $1,99917,28128.07%, see rank25.36%20.35%
$2,000 to $2,99912,71320.65%, see rank19.32%19.52%
$3,000 or More5,8109.44%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Minneapolis, MN
23.20% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Minneapolis, MN%MinnesotaU.S.
10% or Less3,8726.29%, see rank6.13%5.86%
10% to 20%20,04032.55%, see rank35.03%31.95%
20% to 30%18,15029.48%, see rank30.01%27.64%
30% to 40%8,23413.38%, see rank12.88%13.74%
40% or More11,07818.00%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Minneapolis, MN
590 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMinneapolis, MN%MinnesotaU.S.
$199 or Less5612.87%, see rank4.45%7.76%
$200 to $2999985.10%, see rank10.96%14.70%
$300 to $4995,34627.33%, see rank39.99%34.63%
$500 to $6996,08431.10%, see rank27.38%21.16%
$700 or More6,57333.60%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Minneapolis, MN
13.60% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Minneapolis, MN%MinnesotaU.S.
10% or Less7,01435.86%, see rank43.57%40.19%
10% to 20%5,95830.46%, see rank31.28%31.47%
20% to 30%2,64313.51%, see rank11.58%12.24%
30% to 40%1,3787.04%, see rank5.05%5.64%
40% or More2,32311.88%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Minneapolis, MNMinnesotaU.S.
Total Housing Units180,737, 100%2,364,149132,741,033
1-unit, Detached80,203, 44.38%, see rank67.25%61.65%
1-unit, Attached7,161, 3.96%, see rank7.45%5.82%
2 Units16,122, 8.92%, see rank2.34%3.75%
3 or 4 Units7,975, 4.41%, see rank2.08%4.43%
5 to 9 Units7,048, 3.90%, see rank2.23%4.78%
10 or More Units61,817, 34.20%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.411, 0.23%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Minneapolis, MNMinnesotaU.S.
Total Housing Units180,737, 100%2,364,149132,741,033
1 Room8,608, 4.76%, see rank1.54%1.95%
2 Rooms12,096, 6.69%, see rank2.83%2.48%
3 Rooms29,786, 16.48%, see rank9.20%9.13%
4 Rooms28,274, 15.64%, see rank14.05%16.60%
5 Rooms27,834, 15.40%, see rank15.52%20.41%
6 Rooms26,058, 14.42%, see rank14.98%18.06%
7 Rooms18,121, 10.03%, see rank12.86%12.27%
8 Rooms12,394, 6.86%, see rank11.01%8.48%
9 Rooms or More17,566, 9.72%, see rank18.01%10.60%
Median Rooms4.90, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Minneapolis, MNMinnesotaU.S.
Total Housing Units180,737, 100%2,364,149132,741,033
No Bedroom10,172, 5.63%, see rank1.76%2.17%
1 Bedroom46,508, 25.73%, see rank11.71%11.16%
2 Bedrooms53,802, 29.77%, see rank26.64%26.69%
3 Bedrooms47,021, 26.02%, see rank34.15%39.70%
4 Bedrooms17,782, 9.84%, see rank19.81%16.05%
5 or More Bedrooms5,452, 3.02%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Minneapolis, MNMinnesotaU.S.
Total Housing Units166,824, 100%2,115,337116,211,092
Utility Gas131,061, 78.56%, see rank66.78%48.85%
Bottled, Tank, or LP Gas2,018, 1.21%, see rank10.05%4.86%
Electricity28,799, 17.26%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.742, 0.44%, see rank2.62%5.86%
Coal or Coke59, 0.04%, see rank0.03%0.12%
Wood326, 0.20%, see rank2.55%2.12%
Solar Energy22, 0.01%, see rank0.02%0.05%
Other Fuel2,063, 1.24%, see rank1.17%0.47%
No Fuel Used1,734, 1.04%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMinneapolis, MNMinnesotaU.S.
Occupied Units Paying Rent83,858, 100%562,19839,201,928
$199 or Less2,686, 3.20%, see rank2.46%1.50%
$200 to $2995,516, 6.58%, see rank4.66%3.18%
$300 to $4995,073, 6.05%, see rank9.32%7.37%
$500 to $69912,275, 14.64%, see rank17.06%16.01%
$700 to $99927,788, 33.14%, see rank33.30%29.17%
$1,000 to $1,49921,476, 25.61%, see rank23.49%26.88%
$1,500 to $1,9996,189, 7.38%, see rank7.02%9.79%
$2,000 or More2,855, 3.40%, see rank2.69%6.10%
Median$854, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Minneapolis, MNMinnesotaU.S.
Occupied Housing Units166,824, 100%2,115,337116,211,092
No Vehicles Available31,004, 18.58%, see rank7.25%9.12%
1 Vehicles Available69,461, 41.64%, see rank30.11%33.80%
2 Vehicles Available51,407, 30.82%, see rank40.67%37.48%
3 or More Vehicles Available14,952, 8.96%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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