The housing in Minneapolis, KS is relatively affordable compared to the national average. The median value of a house in Minneapolis is $134,000, which is much lower than the US median value of $338,100. Although the appreciation rate for houses has been 8.27% nationally over the last year, it is slightly lower in Minneapolis at 5.12%. This indicates that the area may be slightly less desirable for homebuyers. However, this could be a great opportunity for anyone looking to purchase an affordable home in the Minneapolis area.
The median home cost in Minneapolis is $134,000. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Minneapolis is up 10.9%.
Average Age of Homes
- The median age of Minneapolis real estate is 60 years old
The Rental Market in Minneapolis
- Renters make up 30.6% of the Minneapolis population
- 0.0% of houses and apartments in Minneapolis, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.