Minneapolis housing market: home prices, trends and forecast
Minneapolis home prices: the Zillow Home Value Index valued a typical home in Minneapolis, Minnesota at $328,351 in September 2026. The change was +0.7% on a year earlier, and the level sat −0.7% below the March 2026 peak of $330,803.
- Typical value of a home
- $328,351September 2026, Zillow ZHVI
- Change over 12 months
- +0.7% compared with September 2025.
Minneapolis home prices since 2000
Minneapolis is the steel line, the United States the grey line. The typical Minneapolis home was worth $111,316 in January 2000 and stands at $328,351 now, a ×2.95 rise, against ×2.99 in the US over the same months. Prices peaked during the boom in June 2006, reaching $219,227, then fell to a low of $150,671 in January 2012, −31.3%.
Median Minneapolis home price by year
Each year averages its twelve monthly values; the 2026 figure reflects the latest month.
| Year | Minneapolis | Change on the year | United States |
|---|---|---|---|
| 2000 | $119,084 | $125,745 | |
| 2001 | $141,083 | +18.5% | $134,899 |
| 2002 | $160,796 | +14.0% | $144,276 |
| 2003 | $178,842 | +11.2% | $155,308 |
| 2004 | $195,738 | +9.4% | $169,891 |
| 2005 | $211,316 | +8.0% | $189,732 |
| 2006 | $217,698 | +3.0% | $206,531 |
| 2007 | $214,294 | −1.6% | $208,449 |
| 2008 | $197,463 | −7.9% | $195,574 |
| 2009 | $178,546 | −9.6% | $177,542 |
| 2010 | $177,228 | −0.7% | $171,462 |
| 2011 | $160,657 | −9.4% | $162,508 |
| 2012 | $158,415 | −1.4% | $161,137 |
| 2013 | $180,553 | +14.0% | $171,420 |
| 2014 | $196,366 | +8.8% | $182,996 |
| 2015 | $206,594 | +5.2% | $192,738 |
| 2016 | $224,436 | +8.6% | $204,509 |
| 2017 | $244,321 | +8.9% | $216,767 |
| 2018 | $265,592 | +8.7% | $230,541 |
| 2019 | $276,383 | +4.1% | $242,088 |
| 2020 | $288,591 | +4.4% | $257,151 |
| 2021 | $311,140 | +7.8% | $295,959 |
| 2022 | $319,664 | +2.7% | $340,014 |
| 2023 | $317,368 | −0.7% | $348,160 |
| 2024 | $319,852 | +0.8% | $359,751 |
| 2025 | $325,838 | +1.9% | $362,959 |
| September 2026 | $328,351 | +0.7% | $366,157 |
Current value of a Minneapolis home bought in any year
An index-based estimate of a typical home, which is not an appraisal.
Each year averages twelve monthly index values; the current value is the one for September 2026. Further tools: home appreciation calculator.
Are you thinking of selling? Look at local agents side by side on Realtor.com. Advertising disclosure: this site may be paid for links such as this one, but it never changes a number. Disclosure.
Minneapolis housing market forecast
For the Minneapolis, MN metro, Zillow's forecast is +1.6% across the 12 months beginning September 2026, and +0.8% across the next three months. Take Minneapolis's typical value of $328,351 and that forecast lands it near $333,600 a year on.
Here the metro's central estimate, which is Zillow's, is restated; this site does not publish a forecast of its own. Forecasts like this 12-month one have typically missed the change that actually happened by several percentage points, either way. This is not investment advice.
One table holds every metro forecast: housing market forecast.
Minneapolis housing market crash risk score
Moderate: 37 of 100
The ranking puts Minneapolis up against the 292 cities using five measures that stood high before past price falls. Every input is scored from 0 to 100 compared with the other cities, and the five results are averaged with equal weight. It shows conditions as they are now, and it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −6.7% | 35 | 20% |
| Time on the market vs 2019 | −2.3% | 32 | 20% |
| Price-to-rent ratio | 15.7 | 33 | 20% |
| Price-to-income ratio | 4.2 | 34 | 20% |
| 12-month price change | +0.7% | 53 | 20% |
This is not investment advice. Scoring of the inputs: methodology. The 292 cities, ranked: crash risk by city.
Minneapolis inventory and days on market
For September 2026 the Minneapolis, MN metro counted 11,377 homes listed for sale; the count was +31.2% higher than a year earlier and −6.7% below the same month of 2019. The median time to sell was 42 days (−2.3% versus 2019), and price cuts appeared on 23.0% of listings.
| Minneapolis, MN metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 11,377 | +31.2% |
| New listings | 5,252 | |
| Median days on market | 42 | +6.4% |
| Median list price | $407,500 | −4.1% |
| Share with a price cut | 23.0% |
Metro inventory figures come from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Living in Minneapolis: what it costs
The Zillow Observed Rent Index puts the typical asking rent in Minneapolis at $1,747 a month, +3.2% on a year. A typical home's price works out at 15.7 years of that rent. A yearly income of $77,732 is the median for households (Census ACS 2024), making the typical home 4.2 times that. Prices in the metro are 104.8 by BEA, versus 100 for the US average, while housing costs come to 111.8.
Rent, prices and the salary required to move there: Minneapolis cost of living.
Additional Minnesota housing markets
- $291,209 for St. Paul.
- Rochester, Minnesota $340,589
- $296,120 for Duluth.
The state as a whole: Minnesota housing market.
How to read this chart
Every point shows the Zillow Home Value Index for Minneapolis: what a typical home in the market's middle third is worth, in dollars of the month, smoothed and seasonally adjusted. A hollow dot marks the slider's month, and a terracotta dot marks the most recent one. No inflation adjustment is applied to these numbers, and an index tracks the typical home instead of any one house: to find what a single home is worth, work from its own sale price using the card above it, or use the home appreciation calculator.