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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.

-6,300

Jobs Created
-.3%

$78,553

Median Household Income
2.2%

19,192

Total Housing Permits
12.3%

403

Total Number of Projects
-3.8%

$460,932

SFD New Home List Price
4.1%

0

New Home Sales
-7.9%
Monthly

Market Health

Minneapolis population is 3.6M, with a total workforce of 2.0M. The labor market lost 6,300 jobs over the past year, down by 0.3%. The median household income in Minneapolis is $78,553, 2.2% higher than last year and 28.0% above the national average of $61,372.
In the housing market, total permits issued totaled 19,192 over the last twelve months, up 12.3% year-over-year. Minneapolis has 403 active new home projects on the market, 3.8% fewer than the 419 from last year. The average list price in the market is $460,932, 4.1% higher than last year and 47.4% above the national average. Over the last three months, new home contracts decreased by 7.9% to 1,183. Woodbury 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


Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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