Property Prices in Minneapolis, MN, United States

Index Info
Price to Income Ratio: 3.89
Mortgage as Percentage of Income: 28.06%
Loan Affordability Index: 3.56
Price to Rent Ratio - City Centre: 14.52
Price to Rent Ratio - Outside of Centre: 8.28
Gross Rental Yield (City Centre): 6.89%
Gross Rental Yield (Outside of Centre): 12.07%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,470.28 $ 1,200.00-1,760.00
Apartment (1 bedroom) Outside of Centre 1,164.90 $ 950.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,455.77 $ 1,800.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,763.80 $ 1,500.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 418.60 $ 300.12-542.39
Price per Square Feet to Buy Apartment Outside of Centre 181.63 $ 172.12-186.43
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,147.30 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.89 3.00-4.75

These data are based on 254 entries in the past 18 months from 46 different contributors.
Last update: April 2021

Sources and References
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