Housing & Real Estate — Minneapolis, Minnesota
Overview
| Total Housing Units | 203,217 |
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| Occupied | 188,944 |
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| Vacant | 14,273 |
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| Owner-Occupied | 90,686 |
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| Renter-Occupied | 98,258 |
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| Median Home Value (Census) | $362,200 |
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| Estimated 2026 | ~$404,000 |
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| Median Rent | $1,329/mo |
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| Median Property Tax | $4,339/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 19.7% |
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| Severely Rent-Burdened | 38.6% |
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Housing Age
| Built 2010 or later | 23,420 |
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| Built 2000-2009 | 13,329 |
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| Built 1990-1999 | 7,700 |
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| Built before 1960 | 119,247 |
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| Median Year Built | 1950 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
