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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.

3,700

Jobs Created
0.2%

$78,755

Median Household Income
2.5%

17,563

Total Housing Permits
12.2%

391

Total Number of Projects
-7.6%

$437,446

SFD New Home List Price
2.5%

1,363

New Home Sales
-0.1%
Monthly

Market Health

Minneapolis population is 3.6M, with a total workforce of 2.0M. The labor market grew by 3,700 jobs over the past year, up by 0.2%. The median household income in Minneapolis is $78,755, 2.5% higher than last year and 28.3% above the national average of $61,372. In the housing market, total permits issued totaled 17,563 over the last twelve months, up 12.2% year-over-year. Minneapolis has 391 active new home projects on the market, 7.6% fewer than the 423 from last year. The average list price in the market is $437,446, 2.5% higher than last year and 44.5% above the national average. Over the last three months, new home contracts decreased by 0.1% to 1,363. 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

Managing Principal

Tim Sullivan

Managing Principal


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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