Property Prices in Minneapolis, MN, United States
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| Index |  |
|---|---|
| Price to Income Ratio: | 5.42 |
| Mortgage as Percentage of Income: | 49.17% |
| Loan Affordability Index: | 2.03 |
| Price to Rent Ratio - City Centre: | 14.89 |
| Price to Rent Ratio - Outside of Centre: | 14.15 |
| Gross Rental Yield (City Centre): | 6.72% |
| Gross Rental Yield (Outside of Centre): | 7.07% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,696.00 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,334.00 $ | |
| Apartment (3 bedrooms) in City Centre | 2,770.36 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,382.31 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 490.45 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 381.14 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,325.43 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.67 |
These data are based on 187 entries in the past 18 months from 39 different contributors.
Last update: July 2024
Sources and References
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