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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.

2,100

Jobs Created
.1%

$81,810

Median Household Income
2.8%

22,179

Total Housing Permits
28.9%

425

Total Number of Projects
-2.7%

$438,900

SFD New Home List Price
-3.3%

0

New Home Sales
11.1%
Monthly

Market Health

Minneapolis population is 3.6M, with a total workforce of 2.0M. The labor market grew by 2,100 jobs over the past year, up by 0.1%. The median household income in Minneapolis is $81,810, 2.8% higher than last year and 29.5% above the national average of $63,179.
In the housing market, total permits issued totaled 22,179 over the last twelve months, up 28.9% year-over-year. Minneapolis has 425 active new home projects on the market, 2.7% fewer than the 437 from last year. The average list price in the market is $438,900, 3.3% lower than last year and 26.0% above the national average. Over the last three months, new home contracts increased by 11.1% to 1,246. Maple Grove 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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