Minneapolis, MN Real Estate
According to census data in the year 2000 there were 168,624 housing units in Minneapolis.
This represents a 2.3% decline from 172,666 in 1990.
Of those housing units, 168,624 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Minneapolis is about 51.4%.
Minneapolis's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Minneapolis were built after 1939.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.47|
|Median year structure was built||1939|
|Median Value of occupied units||$113,500|
|Median Price asked for vacant units||$114,900|
Rented Homes, Apartments and Condos
|Average Household Size||2.01|
|Median year structure was built||1953|
|Median Monthly Rent asked for vacant units||$593|
Owners Finance Status
|Second Mortgage & Equity Loan||0.50%|
|Home Equity Loan||10.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.8%|