Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Minnesota area can be challenging. Home prices in Minnesota are now at a median cost of $269,934, lower than the the United States average of $313,691.
The average cost of rent is $1,169/mo in Minnesota, primarily driven by the current value of real estate in the Minnesota area. While nearly 35.30% of residents own their homes outright in Minnesota, 24.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Minnesota is $7,358 per month. Households that rent pay about 15.89% of their income on rent here. Minnesota's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the state.
Nearby States
- Wisconsin: less expensive homes
- Iowa: less expensive homes
- South Dakota: less expensive homes
- North Dakota: less expensive homes
- Nebraska: less expensive homes
- Illinois: less expensive homes
- Michigan: less expensive homes
- Missouri: less expensive homes
- Kansas: less expensive homes
- Indiana: less expensive homes
States with Similar Populations
- South Carolina: less expensive homes
- Missouri: less expensive homes
- Montana: higher priced homes
- Nevada: higher priced homes
- New Hampshire: higher priced homes
- Oklahoma: less expensive homes
- Oregon: higher priced homes
- Puerto Rico: less expensive homes
- Rhode Island: higher priced homes
- Alaska: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood