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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.

-14,000

Jobs Created
-.7%

$77,873

Median Household Income
1.3%

19,098

Total Housing Permits
8.7%

417

Total Number of Projects
-3.5%

$457,343

SFD New Home List Price
-.3%

0

New Home Sales
11.6%
Monthly

Market Health

Minneapolis population is 3.6M, with a total workforce of 2.0M. The labor market lost 14,000 jobs over the past year, down by 0.7%. The median household income in Minneapolis is $77,873, 1.3% higher than last year and 23.3% above the national average of $63,179.
In the housing market, total permits issued totaled 19,098 over the last twelve months, up 8.7% year-over-year. Minneapolis has 417 active new home projects on the market, 3.5% fewer than the 432 from last year. The average list price in the market is $457,343, 0.3% lower than last year and 52.8% above the national average. Over the last three months, new home contracts increased by 11.6% to 1,342. Maple Grove and Lakeville had the highest concentration of the new home contracts in the Minneapolis market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


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