Home Values

Minneapolis-St Paul Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$211,400

  • 2.8% 1-year change
  • 1.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Minneapolis-St Paul Metro is $211,400. Minneapolis-St Paul Metro home values have gone up 2.8% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Minneapolis-St Paul Metro is None. The median rent price in Minneapolis-St Paul Metro is $1,325, which is higher than the Minnesota median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Minneapolis-St Paul Metro 3.3 homes are foreclosed (per 10,000). This is greater than the Minnesota value of 3.0 and also lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Minneapolis-St Paul Metro is 2.9%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Minneapolis-St Paul Metro homeowners underwater on their mortgage is 14.1%, which is higher than Minnesota at 13.9%.

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Relative ZHVI
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Minneapolis-St Paul Metro Market Overview

Data through May 31, 2015
  • $211,400 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $222,975 Median sale price
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Minneapolis-St Paul Metro Market Health

Data through May 31, 2015
  • No recent data Stable
  • 86 Average days on Zillow (Apr 30, 2015)
  • 14.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.9% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

3.3 homes Minneapolis-St Paul Metro
3 homes Minnesota
3.5 homes United States
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Cities in Minneapolis-St Paul Metro

Name Median ZHVI
Plymouth $282,300
Woodbury $266,500
Maple Grove $232,700
Name Median ZHVI
Eagan $219,000
Bloomington $203,300
Minneapolis $184,600
Name Median ZHVI
Brooklyn Park $165,600
Saint Paul $159,800
Coon Rapids $152,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $170 Median sale price / sq ft
  • No data Listings with price cut
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Minneapolis-St Paul Metro Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,517 Minneapolis-St Paul Metro
    $1,364 Minnesota
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,325 Rent list price
  • $1.25 Rent list price / sq ft
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