Maple Grove, Minnesota Real Estate Market Analysis

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Maple Grove, Minnesota

1 ZIP in this city:55311

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-21.8%

Faster

Price vs US

128%

Above avg

Median Listing Price

$549K

Population

38,472

Households

14,080

Median Days on Market

Active Listings

138

New Listings

Housing Market

Pricing

Median Listing Price

$549K-6.6% YoY

Average Listing Price

$710K+2.6% YoY

Price per Sq Ft

$199-2.0% YoY

Median Sq Ft

2,636-7.2% YoY

Inventory

Active Listings

138+51.6% YoY

New Listings

76+15.2% YoY

Total Listings

204+17.2% YoY

Buyer Competition

Pending Listings

66-21.4% YoY

Pending Ratio

0.48-48.3% YoY

Median Days on Market

35+6.1% YoY

Price Reduced

23.8%+70.7% YoY

Units & Occupancy

2024 Occupancy

572Kunits

Occupied539,49394.4%
Vacant32,0345.6%

2024 Tenure

539Koccupied

Owner338,26362.7%
Renter201,23037.3%

Renter Share

37.3%+0.7% YoY

Total Housing Units

571,527+1.3% YoY

FY2026 Fair Market Rent — Hennepin County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,242

/month

1 BR

$1,405

/month

2 BR

$1,709

/month

3 BR

$2,262

/month

4 BR

$2,531

/month

FMR Trends — Hennepin County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

38,472+1.6% YoY

2024 Age Mix

38Kresidents

Under 1810,31826.8%
Adults 18–6423,04359.9%
65 & Over5,11113.3%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

41.20+0.2% YoY

Population Under 18

10,318+0.2% YoY

Population 65 & Over

5,111+5.2% YoY

Households & Mobility

Total Households

14,080+1.1% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.73+0.4% YoY

2024 Residential Mobility

of residents

Same house90.8%
Moved (within US)8.9%
Other0.3%

Veterans

5.9%+13.5% YoY

Income & Poverty

Median Household Income

$154K+3.7% YoY

Per-Capita Income

$70K+6.3% YoY

Mean Household Income

$191K+6.4% YoY

Below Poverty Level

3.3%+10.0% YoY

Commuting

2024 Commute Mode

of workers

Drove alone60.4%
Public transit0.5%
Worked from home31.3%
Other7.8%

Worked From Home

31.3%+22.7% YoY

Mean Commute

23.70-3.3% YoY

Units & Tenure

Total Housing Units

14,423+1.0% YoY

2024 Occupancy

14Kunits

Occupied14,08097.6%
Vacant3432.4%

2024 Tenure

14Khouseholds

Owner12,21286.7%
Renter1,86813.3%

Avg Household Size — Owner

2.79+1.1% YoY

Avg Household Size — Renter

2.32-4.9% YoY

County Demographics

Median Age

37.62024

Population

Hennepin County Population

1,273,334+0.8% YoY

Households

Total Households

539,493+0.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-0.9% YoY

Age

2024 Age Mix

1.3Mresidents

Under 18274,24821.6%
Adults 18–64797,19762.8%
65 & Over198,05115.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

274,248-0.8% YoY

Population 65 & Over

198,051+3.3% YoY

Median Age

37.60+0.5% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.4%
Other0.6%

Veterans

4.5%-4.3% YoY

County Economy

Income

Median Household Income

$98K+1.4% YoY

Per-Capita Income

$59K+3.1% YoY

Mean Household Income

$138K+2.3% YoY

Poverty

Below Poverty Level

10.0%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone60.0%
Public transit3.5%
Worked from home25.2%
Other11.3%

Worked From Home

25.2%+12.5% YoY

Mean Commute

21.90-2.2% YoY

Maple Grove, Minnesota

1 ZIP in this city:55311

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-21.8%

Faster

Price vs US

128%

Above avg

Median Listing Price

$549K

Population

38,472

Households

14,080

Median Days on Market

Active Listings

138

New Listings

Housing Market

Pricing

Median Listing Price

$549K-6.6% YoY

Average Listing Price

$710K+2.6% YoY

Price per Sq Ft

$199-2.0% YoY

Median Sq Ft

2,636-7.2% YoY

Inventory

Active Listings

138+51.6% YoY

New Listings

76+15.2% YoY

Total Listings

204+17.2% YoY

Buyer Competition

Pending Listings

66-21.4% YoY

Pending Ratio

0.48-48.3% YoY

Median Days on Market

35+6.1% YoY

Price Reduced

23.8%+70.7% YoY

Units & Occupancy

2024 Occupancy

572Kunits

Occupied539,49394.4%
Vacant32,0345.6%

2024 Tenure

539Koccupied

Owner338,26362.7%
Renter201,23037.3%

Renter Share

37.3%+0.7% YoY

Total Housing Units

571,527+1.3% YoY

FY2026 Fair Market Rent — Hennepin County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,242

/month

1 BR

$1,405

/month

2 BR

$1,709

/month

3 BR

$2,262

/month

4 BR

$2,531

/month

FMR Trends — Hennepin County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

38,472+1.6% YoY

2024 Age Mix

38Kresidents

Under 1810,31826.8%
Adults 18–6423,04359.9%
65 & Over5,11113.3%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

41.20+0.2% YoY

Population Under 18

10,318+0.2% YoY

Population 65 & Over

5,111+5.2% YoY

Households & Mobility

Total Households

14,080+1.1% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.73+0.4% YoY

2024 Residential Mobility

of residents

Same house90.8%
Moved (within US)8.9%
Other0.3%

Veterans

5.9%+13.5% YoY

Income & Poverty

Median Household Income

$154K+3.7% YoY

Per-Capita Income

$70K+6.3% YoY

Mean Household Income

$191K+6.4% YoY

Below Poverty Level

3.3%+10.0% YoY

Commuting

2024 Commute Mode

of workers

Drove alone60.4%
Public transit0.5%
Worked from home31.3%
Other7.8%

Worked From Home

31.3%+22.7% YoY

Mean Commute

23.70-3.3% YoY

Units & Tenure

Total Housing Units

14,423+1.0% YoY

2024 Occupancy

14Kunits

Occupied14,08097.6%
Vacant3432.4%

2024 Tenure

14Khouseholds

Owner12,21286.7%
Renter1,86813.3%

Avg Household Size — Owner

2.79+1.1% YoY

Avg Household Size — Renter

2.32-4.9% YoY

County Demographics

Median Age

37.62024

Population

Hennepin County Population

1,273,334+0.8% YoY

Households

Total Households

539,493+0.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-0.9% YoY

Age

2024 Age Mix

1.3Mresidents

Under 18274,24821.6%
Adults 18–64797,19762.8%
65 & Over198,05115.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

274,248-0.8% YoY

Population 65 & Over

198,051+3.3% YoY

Median Age

37.60+0.5% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.4%
Other0.6%

Veterans

4.5%-4.3% YoY

County Economy

Income

Median Household Income

$98K+1.4% YoY

Per-Capita Income

$59K+3.1% YoY

Mean Household Income

$138K+2.3% YoY

Poverty

Below Poverty Level

10.0%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone60.0%
Public transit3.5%
Worked from home25.2%
Other11.3%

Worked From Home

25.2%+12.5% YoY

Mean Commute

21.90-2.2% YoY