Property Prices in Minneapolis, MN, United States

Index Info
Price to Income Ratio: 3.22
Mortgage as Percentage of Income: 23.43%
Loan Affordability Index: 4.27
Price to Rent Ratio - City Centre: 12.48
Price to Rent Ratio - Outside of Centre: 8.24
Gross Rental Yield (City Centre): 8.01%
Gross Rental Yield (Outside of Centre): 12.14%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,416.50 $ 1,200.00-1,760.00
Apartment (1 bedroom) Outside of Centre 1,116.26 $ 900.00-1,450.00
Apartment (3 bedrooms) in City Centre 2,445.65 $ 1,900.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,749.77 $ 1,500.00-2,100.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 351.80 $ 298.83-542.39
Price per Square Feet to Buy Apartment Outside of Centre 175.55 $ 166.87-186.43
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 4,407.97 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.01 3.20-4.75

These data are based on 247 entries in the past 18 months from 47 different contributors.
Last update: November 2020

Sources and References
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