Property Prices in Minneapolis, MN, United States

Index Info
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 $ 1,250.00-2,440.00
Apartment (1 bedroom) Outside of Centre 1,152.29 $ 900.00-1,450.00
Apartment (3 bedrooms) in City Centre 2,691.88 $ 1,800.00-4,100.00
Apartment (3 bedrooms) Outside of Centre 1,990.00 $ 1,600.00-2,800.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 657.49 $ 500.00-799.99
Price per Square Feet to Buy Apartment Outside of Centre 320.00 $ 220.00-530.00
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 5.00-7.00

These data are based on 124 entries in the past 18 months from 33 different contributors.
Last update: September 2023

Sources and References
Sign Up for Our Newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far