What is the median home price in Minnesota?

The median home value in Minnesota is $328,600 — 7% below the US median of $351,822 (Census ACS 2023). Minnesota ranks #24 of 51 for home prices.

What is the average rent in Minnesota?

The median gross rent in Minnesota is $1,264 per month — 3% below the US median of $1,300.

Is Minnesota expensive to live in?

For housing, Minnesota ranks #24 of 51 by home price and #23 by rent (1 = most expensive). Use our cost-of-living tools to compare total living costs.

Housing · Census ACS 2023

Housing Costs in Minnesota

Median home price

$328,600

#24 of 51 · 7% below US median

Median rent

$1,264/mo

#23 of 51 · 3% below US median

Minnesota Housing — FAQ

What is the median home price in Minnesota?: The median home value in Minnesota is $328,600 — 7% below the US median of $351,822 (Census ACS 2023). Minnesota ranks #24 of 51 for home prices.
What is the average rent in Minnesota?: The median gross rent in Minnesota is $1,264 per month — 3% below the US median of $1,300.
Is Minnesota expensive to live in?: For housing, Minnesota ranks #24 of 51 by home price and #23 by rent (1 = most expensive). Use our cost-of-living tools to compare total living costs.

Compare nearby states

Vermont · $332,000 Georgia · $323,000 Alaska · $347,500 Maine · $310,700 Delaware · $359,700 North Carolina · $308,600

Data source: U.S. Census Bureau — American Community Survey (ACS) 1-Year Estimates. See all states ranked or our methodology.

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