Property Prices in Minneapolis, MN, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 5.89 |
| Mortgage as Percentage of Income: | 52.92% |
| Loan Affordability Index: | 1.89 |
| Price to Rent Ratio - City Centre: | 21.23 |
| Price to Rent Ratio - Outside of Centre: | 13.96 |
| Gross Rental Yield (City Centre): | 4.71% |
| Gross Rental Yield (Outside of Centre): | 7.17% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,554.17 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,152.29 $ | |
| Apartment (3 bedrooms) in City Centre | 2,691.88 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,990.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 657.49 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 320.00 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,464.73 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.55 |
These data are based on 124 entries in the past 18 months from 33 different contributors.
Last update: September 2023
Sources and References
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