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Minneapolis, Minnesota

Realtor Aug 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 64/100, supply score 80, homes go under contract 20.8% faster than the US median, at 96% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $95K, +2.0% YoY (ZIP); renters hold 39.0% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −5.0% YoY. inventory, +11.3% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $395,407 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

50 ZIPs in this city:55401 55402 55403 55404 55405 55406 55407 55408 55409 55410 55411 55412 55413 55414 55415 55416 55417 55418 55419 55420 55421 55422 55423 55424 55425 55426 55427 55428 55429 55430 55431 55432 55433 55434 55435 55436 55437 55438 55439 55440 55441 55442 55443 55444 55445 55446 55447 55448 55449 55450

Market Hotness

64 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−20.8%

homes sell faster here

96%

of national median · below avg

Median Listing Price

$395K

Population

1,117,320

473,782

Median Days on Market

Active Listings

2,759

New Listings

1,468

Housing Market

The median listing price is down 5.0% YoY while the median home got down 3.5% bigger, so value per square foot is down 3.1%.

Pricing

Median Listing Price

$395K-5.0% YoY

Average Listing Price

$497K-8.9% YoY

Price per Sq Ft

$221.047-3.1% YoY

Median Sq Ft

1,725-3.5% YoY

Inventory

Active Listings

2,759+38.1% YoY

New Listings

1,468+0.3% YoY

Total Listings

3,831+11.3% YoY

Buyer Competition

Pending Listings

1,067-25.4% YoY

Pending Ratio

0.39-46.0% YoY

Median Days on Market

40-2.8% YoY

Price Reduced

20.4%+19.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 571,527

572Kunits

Occupied539,49394.4%

Vacant32,0345.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 539,493

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

CountyHennepin County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

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

Renters hold 39.0% of this ZIP's 473,782 occupied households, on a median household income of $95K.

Population & Age

Total Population

1,117,3200.0% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,117,320

1.1Mresidents

Under 18239,35521.4%

Adults 18–64710,44963.6%

65 & Over167,51615.0%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.17+0.2% YoY

Population Under 18

239,355-0.8% YoY

Population 65 & Over

167,516+2.7% YoY

Households & Mobility

Total Households

473,782+0.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-0.9% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.9%

Moved (within US)14.5%

Other0.6%

Veterans

4.6%-4.2% YoY

Income & Poverty

Median Household Income

$95K+2.0% YoY

Per-Capita Income

$53K+3.4% YoY

Mean Household Income

$124K+2.7% YoY

Below Poverty Level

11.0%-0.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.4%

Public transit3.7%

Worked from home22.9%

Other12.0%

Worked From Home

22.9%+12.6% YoY

Mean Commute

21.86-2.4% YoY

Units & Tenure

Total Housing Units

502,016+1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 502,016

502Kunits

Occupied473,78294.4%

Vacant28,2345.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 473,782

474Khouseholds

Owner288,79261.0%

Renter184,99039.0%

Avg Household Size — Owner

2.52-0.8% YoY

Avg Household Size — Renter

2.00-1.1% YoY

County Demographics

County population is up 0.0% to 1,269,496: residents under 18 are down 0.8% and those 65 and over are up 3.3%.

Median Age

37.62024

Population

Hennepin County Population

1,273,334+0.8% YoY

Households

Total Households

539,493+0.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.30-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,269,496

1.3Mresidents

Under 18274,24821.6%

Adults 18–64797,19762.8%

65 & Over198,05115.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

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 ⓘ

U.S. Census ACS

of residents

Same house85.0%

Moved (within US)14.4%

Other0.6%

Veterans

4.5%-4.3% YoY

County Economy

County median household income is $98K, 10.0% of residents are below the poverty level, 25.2% work from home.

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 ⓘ

U.S. Census ACS

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

Done with Minneapolis? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Minneapolis, Minnesota

Realtor Aug 2026 · ACS 2024

Market Read

A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.

Demand outpaces supply. Hotness 64/100, supply score 80, homes go under contract 20.8% faster than the US median, at 96% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $95K, +2.0% YoY (ZIP); renters hold 39.0% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −5.0% YoY. inventory, +11.3% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Market Hotness

64 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

−20.8%

homes sell faster here

96%

of national median · below avg

Median Listing Price

$395K

Population

1,117,320

473,782

Median Days on Market

Active Listings

2,759

New Listings

1,468

Housing Market

The median listing price is down 5.0% YoY while the median home got down 3.5% bigger, so value per square foot is down 3.1%.

Pricing

Median Listing Price

$395K-5.0% YoY

Average Listing Price

$497K-8.9% YoY

Price per Sq Ft

$221.047-3.1% YoY

Median Sq Ft

1,725-3.5% YoY

Inventory

Active Listings

2,759+38.1% YoY

New Listings

1,468+0.3% YoY

Total Listings

3,831+11.3% YoY

Buyer Competition

Pending Listings

1,067-25.4% YoY

Pending Ratio

0.39-46.0% YoY

Median Days on Market

40-2.8% YoY

Price Reduced

20.4%+19.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 571,527

572Kunits

Occupied539,49394.4%

Vacant32,0345.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 539,493

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

CountyHennepin County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

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

Renters hold 39.0% of this ZIP's 473,782 occupied households, on a median household income of $95K.

Population & Age

Total Population

1,117,3200.0% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,117,320

1.1Mresidents

Under 18239,35521.4%

Adults 18–64710,44963.6%

65 & Over167,51615.0%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.17+0.2% YoY

Population Under 18

239,355-0.8% YoY

Population 65 & Over

167,516+2.7% YoY

Households & Mobility

Total Households

473,782+0.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-0.9% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.9%

Moved (within US)14.5%

Other0.6%

Veterans

4.6%-4.2% YoY

Income & Poverty

Median Household Income

$95K+2.0% YoY

Per-Capita Income

$53K+3.4% YoY

Mean Household Income

$124K+2.7% YoY

Below Poverty Level

11.0%-0.3% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone61.4%

Public transit3.7%

Worked from home22.9%

Other12.0%

Worked From Home

22.9%+12.6% YoY

Mean Commute

21.86-2.4% YoY

Units & Tenure

Total Housing Units

502,016+1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 502,016

502Kunits

Occupied473,78294.4%

Vacant28,2345.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 473,782

474Khouseholds

Owner288,79261.0%

Renter184,99039.0%

Avg Household Size — Owner

2.52-0.8% YoY

Avg Household Size — Renter

2.00-1.1% YoY

County Demographics

County population is up 0.0% to 1,269,496: residents under 18 are down 0.8% and those 65 and over are up 3.3%.

Median Age

37.62024

Population

Hennepin County Population

1,273,334+0.8% YoY

Households

Total Households

539,493+0.9% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.30-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 1,269,496

1.3Mresidents

Under 18274,24821.6%

Adults 18–64797,19762.8%

65 & Over198,05115.6%

Age Composition Over Time

U.S. Census ACS · 2017–2024

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 ⓘ

U.S. Census ACS

of residents

Same house85.0%

Moved (within US)14.4%

Other0.6%

Veterans

4.5%-4.3% YoY

County Economy

County median household income is $98K, 10.0% of residents are below the poverty level, 25.2% work from home.

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 ⓘ

U.S. Census ACS

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

Done with Minneapolis? Put it next to another market.