dynamic.RE

State

City

Compare with

City

State

City

ZIP codes

Minneapolis, MN · 55488

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $98K, +1.4% YoY (county); renters hold 37.3% of county households. See the people evidence ↓

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: . 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.

Median Listing Price

Population

539,493

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 55488? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Minneapolis, MN · 55488

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $98K, +1.4% YoY (county); renters hold 37.3% of county households. See the people evidence ↓

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

Median Listing Price

Population

539,493

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 55488? Put it next to another market.