Minnesota
Ranked #23 of 51 for housing affordability
55Moderate
Median Home Price
🏠$340K
4.6x income
Median Rent
🔑$1K
29.0% rent-burdened
Median Income
💰$75K
Population: 5,717,184
Homeownership
🏡71.6%
7,940 experiencing homelessness
Housing Shortage
📉75,000
units needed
Building Permits (2024)
🔨24,000
Price-to-Income
📊4.6x
Severe Rent Burden
⚠️13.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
Metros in Minnesota
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Minneapolis-St. Paul | 55 | $360K | $1K | $82K | 29.0% |
Housing Policies
rent stabilization (St. Paul)inclusionary zoning (Minneapolis)Minneapolis 2040 planADU legalization