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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.

33,400

Jobs Created
1.7%

$75,261

Median Household Income
2.8%

17,754

Total Housing Permits
12.9%

394

Total Number of Projects
-4.1%

$478,307

SFD New Home List Price
13.4%

1,278

New Home Sales
10.6%
Monthly

Market Health

Minneapolis' population is 3.6M, with a total workforce of 2.0M. The labor market grew by 33,400 jobs over the past year, up by 1.7%. The median household income in Minneapolis is $75,261, 2.8% higher than last year and 22.6% above the national average of $61,372. In the housing market, total permits issued totaled 17,754 over the last twelve months, up 12.9% year-over-year.

Minneapolis has 394 active new home projects on the market, 4.1% fewer than the 411 from last year. The average list price in the market is $478,307, 13.4% higher than last year and 49.4% above the national average. Over the last three months, new home contracts increased by 10.6% to 1,278. Woodbury and Lakeville had the highest concentration of the new home contracts in the Minneapolis market.

Our Experts

Work with leaders in the industry.

Lloyd Vaughn

Vice President Sales, Central

Lloyd Vaughn

Vice President Sales, Central


Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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