Much like its surrounding areas, it's a little more expensive compared to the nation as a whole.
Home prices
The price of the median home in Minneapolis is $251,600. This is roughly $6,100 (2%) lower in comparison to its surrounding areas.In comparison to the rest of the country it is about $34,100 (15%) higher.
Rents
Minneapolis's median rent is $1,027 per month. In comparison to its nearby areas it is about $90 (8%) lower.Compared to the US as a whole it is approximately $35 (3%) lower.
Nearby places
Lauderdale
Lauderdale is Minneapolis's neighbor to the northeast. The housing prices there are a bit less expensive. The median home in Lauderdale is valued at $206,100, which works out to $45,500 (22%) lower than Minneapolis. Rent there is similar. The median monthly rent in Lauderdale is $988, which is $39 (3%) lower than Minneapolis.
St. Louis Park
St. Louis Park is Minneapolis's neighbor to the west. The housing prices there are a little more expensive. The median home in St. Louis Park is valued at $271,600, which works out to $20,000 (7%) higher than Minneapolis. Rent there is a bit more expensive. St. Louis Park's median monthly rent is $1,232, which is $205 (16%) higher than Minneapolis.
Golden Valley
Golden Valley is Minneapolis's neighbor to the northwest. Housing prices there are a bit more expensive. The median home cost in Golden Valley is $304,700, which comes out to $53,100 (17%) higher than Minneapolis. The rent there is somewhat more expensive. Golden Valley's median rent is $1,349 a month, which is $322 (23%) higher than Minneapolis.
St. Anthony
St. Anthony is Minneapolis's neighbor to the northeast. Its real estate prices are a little more expensive. The median home in St. Anthony costs $269,300, which is $17,700 (6%) higher than Minneapolis. The rent there is a bit more expensive. In St. Anthony the median rent is $1,092 a month, which is $65 (5%) higher than Minneapolis.
Robbinsdale
Robbinsdale is Minneapolis's neighbor to the northwest. Its housing prices are somewhat less expensive. The median home in Robbinsdale is valued at $201,100, which works out to $50,500 (25%) lower than Minneapolis. Rents there are fairly similar. Robbinsdale's median rent is $982 a month, which is $45 (4%) lower than Minneapolis.
Falcon Heights
Falcon Heights is about 4 miles northeast from Minneapolis. The real estate prices there are a little more expensive. The median home price in Falcon Heights is $293,400, which is $41,800 (14%) higher than Minneapolis. Rents there are pretty similar. The median rent in Falcon Heights is $1,062 per month, which comes out to $35 (3%) higher than Minneapolis.