Property Prices in Minneapolis, MN, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 3.17 |
| Mortgage as Percentage of Income: | 28.47% |
| Loan Affordability Index: | 3.51 |
| Price to Rent Ratio - City Centre: | 10.05 |
| Price to Rent Ratio - Outside of Centre: | 9.71 |
| Gross Rental Yield (City Centre): | 9.95% |
| Gross Rental Yield (Outside of Centre): | 10.30% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,650.53 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,202.60 $ | |
| Apartment (3 bedrooms) in City Centre | 2,571.36 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,978.75 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 316.01 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 227.49 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 4,610.08 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.54 |
These data are based on 169 entries in the past 18 months from 43 different contributors.
Last update: January 2025
Sources and References
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