Minneapolis-St. Paul
Minnesota · Ranked #35 of 102 metros
55Moderate
Median Home Price
🏠$360K
Need $103K income
Median Rent
🔑$1K
Need $54K income
Housing Shortage
📉40,000
units needed
Building Permits
🔨16,000
annual
Median Income
💰$82K
Pop: 3,690,512
Rent Burden
⚠️29.0%
of renters paying >30%
Price Change (YoY)
📈+3%
Homeownership
🏡69.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Minneapolis-St. Paul | National |
|---|---|---|
| Price-to-Income Ratio | 4.4x | 6.1x |
| Rent Burden | 29.0% | 31.5% |
| Homeownership Rate | 69.0% | 65.5% |
| YoY Price Change | +3% | +3.5% |
| YoY Rent Change | +2.5% | +2.8% |
| Mortgage Denial Rate | 11.0% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |