MINNEAPOLIS HOUSING MARKET INFORMATION With a population of 425,115, 188,944 total housing units (homes and apartments), and a median house value of $390,209, Minneapolis real estate prices are well above average cost compared to national prices. Large apartment complexes or high rise apartments are the single most common housing type in Minneapolis, accounting for 43.22% of the city's housing units. Other types of housing that are prevalent in Minneapolis include single-family detached homes ( 40.50%), duplexes, homes converted to apartments or other small apartment buildings ( 12.26%), and a few row houses and other attached homes ( 3.71%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown. People in Minneapolis primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Minneapolis has a mixture of owner-occupied and renter-occupied housing. The housing in Minneapolis was primarily built before 1939 ( 43.57%), making the housing stock in Minneapolis some of the oldest overall in America, although there is a range of ages of homes in Minneapolis. The next most important housing age is between 1940-1969 ( 21.19%), followed by between 1970-1999 ( 19.31%). There's also some housing in Minneapolis built between 2000 and later ( 15.93%). MINNEAPOLIS HOME APPRECIATION RATES Minneapolis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Minneapolis during the period has been just 5.40%, which is lower than 80% of US communities. Over the last year, Minneapolis appreciation rates have trailed the rest of the nation. In the last twelve months, Minneapolis's appreciation rate has been 5.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Minneapolis were at 0.44%, which equates to an annual appreciation rate of 1.79%. Relative to Minnesota, our data show that Minneapolis's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Minneapolis differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Minneapolis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Minneapolis real estate investment or home purchase decisions.