The Minneapolis-St. Paul-Bloomington, MN Metro Area has seen some impressive housing growth over the last year. According to recent data, the median house value in the area is $343,100, which is slightly higher than the US median of $338,100. During this same period of time, the US experienced an impressive 8.27% year-on-year appreciation rate for houses while Minneapolis-St. Paul-Bloomington has seen a 7.92% increase in house values over the past year. This indicates that despite some regional variation, the housing market remains strong across the country and it looks like there are promising prospects ahead for those looking to invest in property within this area.
The median home cost in Minneapolis-St. Paul-Bloomington Metro Area is $343,100. Home appreciation the last 10 years has been 89.4%. Home Appreciation in Minneapolis-St. Paul-Bloomington Metro Area is up 9.8%.
Average Age of Homes
- The median age of Minneapolis-St. Paul-Bloomington Metro Area real estate is 39 years old
The Rental Market in Minneapolis-St. Paul-Bloomington Metro Area
- Renters make up 27.9% of the Minneapolis-St. Paul-Bloomington Metro Area population
- 1.3% of houses and apartments in Minneapolis-St. Paul-Bloomington Metro Area, 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.