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MN area data

Minneapolis, MN

Aggregated across 20 ZIP codes in Minneapolis.

Population: 402,647 (Census ACS)

The median home value in Minneapolis, MN is $324,931 — down 0.8% over the past year. Homes sell for a median $324,641 after a median 51 days on market. Typical rent runs $1,669/month. 136 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, hail, strongwind the top-rated hazards. Cost of living is 2.3% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$324,931

Median home value

-0.8%

1-year change

51

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$324,931
1-year appreciation
-0.8%
3-year appreciation
+1.0%
5-year appreciation
-1.1%
10-year appreciation
+38.2%
All-time peak (2021-04)
$342,902
House Price Index (state)
431.3 (+3.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$324,641
Median list price
$386,276
Median price per sqft
$222
1-year sale-price change
-0.9%
Median days on market
51 days
Homes sold (recent period)
40
For-sale inventory
1,374
Sale-to-list ratio
99.0%
Active listings
36
1-year forecast
-0.6%
Days to pending
26 days
New listings (monthly)
479

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,669/mo
1-year rent change
+3.2%
Studio fair-market rent
$762/mo
1BR fair-market rent
$924/mo
2BR fair-market rent
$1,158/mo
3BR fair-market rent
$1,517/mo
4BR fair-market rent
$1,752/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
97.7 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
136
Elementary schools
61
Middle schools
20
High schools
49
Charter schools
54
School districts serving the area
Twin Cities International Schools, LOVEWORKS ACADEMY FOR ARTS, MINNESOTA INTERNSHIP CENTER
Schools include
MN International Middle Chr School, Twin Cities International Schools, LOVEWORKS ACADEMY FOR ARTS, DOWNTOWN CAMPUS, EMERSON ELEMENTARY

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
coldWave, hail, strongWind, tornado, winterWeather
Notable hazard ratings (county)
coldWave: Very High · drought: Relatively Low · hail: Very High · heatWave: Relatively High · iceStorm: Relatively Moderate · inlandFlooding: Relatively High
FEMA flood zone (varies by location)
includes X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 32% of US counties
Buildings in wildfire direct-exposure zone
13.6%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
9
Nearest Superfund site
General Mills/Henkel Corp. (0.8 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
53.4°F
Average high
61.0°F
Average low
45.3°F
Annual precipitation
36.4 in
Annual snowfall
41.9 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
50
Days with Good air quality
185
Days with Moderate air quality
165
Days with Unhealthy air quality
3
Highest AQI recorded (year)
183

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
15.6 / 20
Transit service frequency
201
Jobs reachable by car (30 min)
277,709
Jobs reachable by transit (45 min)
200,170

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
17
Nearest national park
Mississippi National River & Recreation Area (6 mi)
Airports within 30 mi
570
Nearest airport
Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (0 mi)
Nearest major airport
Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (0 mi)
Hospitals nearby (~15 mi)
34
Hospitals include
NORTH MEMORIAL HEALTH HOSPITAL, HENNEPIN COUNTY MEDICAL CENTER, ALLINA UNITED HOSPITAL
Avg hospital rating (CMS)
3.7 / 5
Best hospital rating nearby (CMS)
4.7 / 5
EV charging stations (within 10 mi)
72
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-6,126 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,958
Housing built before 1970
60.3%
Housing built 2000 or later
22.3%
Median annual property tax
$4,482
Mean commute to work
16 min
Households with broadband internet
81.2%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
825,553
Average weekly wage
$1,697
Top industries (by employment)
Health Care, Professional Services, Finance & Insurance
Annual residential building permits (county)
2,044

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

MinneapolisState medianUS median
Median home value$324,931$304,931$289,727
Median sale price$324,641$315,500$325,000
Median days on market51 days39 days51 days
Typical rent$1,669/mo$1,678/mo$1,808/mo
Median annual property tax$4,482$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Minneapolis, MN?
$324,931.
What is the median sale price in Minneapolis, MN?
$324,641.
How long do homes take to sell in Minneapolis, MN?
Median days on market: 51 days.
What is typical rent in Minneapolis, MN?
Typical rent: $1,669/month.
What is the natural-hazard risk in Minneapolis, MN?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, hail, strongWind, tornado, winterWeather.
Is Minneapolis, MN in a flood zone?
Minimal (FEMA NFIP). Parts of the area include FEMA flood zone X; zones vary by location within the city.
What is the wildfire risk in Minneapolis, MN?
Risk to homes is higher than 32% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Minneapolis, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Minneapolis, MN?
9 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: General Mills/Henkel Corp., 0.8 mi.
How many schools serve Minneapolis, MN?
136 schools (61 elementary, 20 middle, 49 high) (NCES, 2022-23).
Is Minneapolis, MN walkable?
Walkability index: 15.6/20 (EPA Smart Location Database).
What is the air quality in Minneapolis, MN?
Moderate. Median AQI: 50. (EPA AQI).
What is the cost of living in Minneapolis, MN?
Regional Price Parity: 97.7 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP codes in Minneapolis

Selling a home in Minneapolis, MN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents