Property Prices in Minneapolis, MN, United States

Index Info
Price to Income Ratio: 4.00
Mortgage as Percentage of Income: 28.50%
Loan Affordability Index: 3.51
Price to Rent Ratio - City Centre: 14.46
Price to Rent Ratio - Outside of Centre: 8.44
Gross Rental Yield (City Centre): 6.92%
Gross Rental Yield (Outside of Centre): 11.85%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,507.14 $ 1,200.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,133.09 $ 950.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,536.96 $ 1,800.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,809.29 $ 1,500.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 428.77 $ 300.12-542.39
Price per Square Feet to Buy Apartment Outside of Centre 183.93 $ 172.12-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,120.89 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.76 2.90-4.50

These data are based on 208 entries in the past 18 months from 35 different contributors.
Last update: August 2021

Sources and References
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