Property Prices in Minneapolis, MN, United States

Index Info
Price to Income Ratio: 3.02
Mortgage as Percentage of Income: 26.74%
Loan Affordability Index: 3.74
Price to Rent Ratio - City Centre: 8.87
Price to Rent Ratio - Outside of Centre: 8.36
Gross Rental Yield (City Centre): 11.27%
Gross Rental Yield (Outside of Centre): 11.97%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,798.81 $ 1,500.00-2,150.00
1 Bedroom Apartment Outside of City Centre 1,252.94 $ 1,100.00-1,850.00
3 Bedroom Apartment in City Centre 2,727.86 $ 2,200.00-3,299.00
3 Bedroom Apartment Outside of City Centre 2,083.83 $ 1,666.00-2,600.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 300.61 $ 251.95-450.00
Price per Square Feet to Buy Apartment Outside of Centre 204.94 $ 195.09-300.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,500.23 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.36 5.90-7.00

These data are based on 198 entries from 42 contributors over the past 18 months.
Last update: 16 January 2026

Sources and References
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