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MN area data

Minneapolis, MN

Aggregated across 20 ZIP codes in Minneapolis.

Population: 402,647 (Census ACS)

The typical home value in Minneapolis, MN is $314,338 — down 1.0% over the past year. Homes sell for a median $360,600 after a median 49 days on market. Typical rent runs $1,675/month. 150 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with cold wave, hail, strong wind the top-rated hazards. Cost of living is 1.4% below the US average (BEA, metro/state-level).

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

$314,338

Typical home value

-1.0%

1-year change

49

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Typical home value
$314,338
1-year appreciation
-1.0%
3-year appreciation
+0.5%
5-year appreciation
-1.0%
10-year appreciation
+37.8%
Peak value since 2000 (Apr 2021)
$331,497
House Price Index (state)
442.4 (+2.4% YoY)

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

Market activity

Median sale price
$360,600
Median list price
$346,476
Median price per sqft
$240
1-year sale-price change
+1.2%
Median days on market
49 days
Homes sold (recent period)
1,334
For-sale inventory
1,356
Sale-to-list ratio
99.0%
Active listings
1,105
1-year forecast
+0.5%
Days to pending
30 days
New listings (monthly)
427

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

Rents

Typical rent
$1,675/mo
1-year rent change
+3.1%
Studio fair-market rent
$1,265/mo
1BR fair-market rent
$1,427/mo
2BR fair-market rent
$1,734/mo
3BR fair-market rent
$2,264/mo
4BR fair-market rent
$2,538/mo

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

Affordability

Cost of living index (Average)
98.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

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

Schools

Total schools
150
Elementary schools
70
Middle schools
15
High schools
54
Charter schools
55
Avg student-teacher ratio
12.3 : 1
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, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
cold wave, hail, strong wind, tornado, winter weather
Notable hazard ratings (county)
hail: Very High · tornado: Very High · cold wave: Very High · strong wind: Very High · winter weather: Very High · heat wave: Relatively High
Most common flood zone among NFIP claims (varies by location)
Zone AE
NFIP flood claims on record
122
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)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

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

Climate (30-year normals)

Average annual temperature
50.2°F
Average high
57.4°F
Average low
42.5°F
Annual precipitation
33.4 in
Annual snowfall
39.4 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
Good
Median AQI (annual)
45
Days with Good air quality
211
Days with Moderate air quality
144
Days with Unhealthy air quality
6
Highest AQI recorded (year)
178

Source: EPA annual air quality index (county-level)

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
1
Nearest national park
Mississippi National River & Recreation Area (6 mi)
Airports within 30 mi
38
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 in or near a typical ZIP here
25
Hospitals include
NORTH MEMORIAL HEALTH HOSPITAL, HENNEPIN COUNTY MEDICAL CENTER, NORTHFIELD HOSPITAL
Avg hospital rating (CMS)
3.8 / 5
Best hospital rating nearby (CMS)
4.8 / 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 (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-6,126 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1958
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
825,100
Average weekly wage
$1,788
Top industries (by employment)
Health Care, Professional Services, Finance & Insurance
Annual residential building permits (county)
3,491

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

How it compares

MinneapolisState medianUS median
Typical home value$314,338$300,176$288,527
Median sale price$360,600$315,500$325,000
Median days on market49 days39 days51 days
Typical rent$1,675/mo$1,670/mo$1,809/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 typical home value in Minneapolis, MN?
$314,338.
What is the median sale price in Minneapolis, MN?
$360,600.
How long do homes take to sell in Minneapolis, MN?
Median days on market: 49 days.
What is typical rent in Minneapolis, MN?
Typical rent: $1,675/month.
What is the natural-hazard risk in Minneapolis, MN?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: cold wave, hail, strong wind, tornado, winter weather.
Is Minneapolis, MN in a flood zone?
Flood zones vary by property across the city. 122 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is AE. Check a specific address on the FEMA Flood Map Service Center.
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?
150 schools (70 elementary, 15 middle, 54 high) (NCES, 2024-25).
Is Minneapolis, MN walkable?
Walkability index: 15.6/20 (EPA Smart Location Database).
What is the air quality in Minneapolis, MN?
Good. Median AQI: 45. (EPA AQI).
What is the cost of living in Minneapolis, MN?
Regional Price Parity: 98.6 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP codes in Minneapolis

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Data last updated

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

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