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Minneapolis

Known for the Mall of America, extreme winters, and a midwestern feel, the Twin Cities offer downtown condos and suburban homes.

-4,700

Jobs Created
-.2%

$81,910

Median Household Income
2.9%

21,679

Total Housing Permits
20.5%

432

Total Number of Projects
-1.4%

$429,408

SFD New Home List Price
-2.9%

0

New Home Sales
-1.3%
Monthly

Market Health

Minneapolis population is 3.7M, with a total workforce of 2.0M. The labor market lost 4,700 jobs over the past year, down by 0.2%. The median household income in Minneapolis is $81,910, 2.9% higher than last year and 29.6% above the national average of $63,179.
In the housing market, total permits issued totaled 21,679 over the last twelve months, up 20.5% year-over-year. Minneapolis has 432 active new home projects on the market, 1.4% fewer than the 438 from last year. The average list price in the market is $429,408, 2.9% lower than last year and 33.6% above the national average. Over the last three months, new home contracts decreased by 1.3% to 1,535. Lakeville and Woodbury had the highest concentration of the new home contracts in the Minneapolis market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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