Affordable
Expensive
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These days, finding an affordable place to live in the Hennepin County area can be challenging. Home prices in Hennepin County are now at a median cost of $430,374, higher than the Minnesota average of $345,793.
The average cost of rent is $1,684/mo in Hennepin County, primarily driven by the current value of real estate in the Hennepin County area. In Hennepin County, 37.30% of households rent, and 32.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hennepin County is $9,373 per month. Households that rent pay about 17.97% of their income on rent here. Hennepin County’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Ramsey County, MN: less expensive homes
- Carver County, MN: equally priced homes
- Washington County, MN: equally priced homes
- St. Croix County, WI: less expensive homes
- McLeod County, MN: less expensive homes
- Dunn County, WI: less expensive homes
- Chippewa County, WI: less expensive homes
- Chippewa County, MN: less expensive homes
- Lac qui Parle County, MN: less expensive homes
- Marathon County, WI: less expensive homes
Counties with Similar Populations
- Clark County, NV: equally priced homes
- San Bernardino County, CA: higher priced homes
- Tarrant County, TX: less expensive homes
- King County, WA: higher priced homes
- Orange County, FL: equally priced homes
- Broward County, FL: equally priced homes
- Bronx County, NY: higher priced homes
- Nassau County, NY: higher priced homes
- Hillsborough County, FL: equally priced homes
- Bexar County, TX: less expensive homes
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