The median home in Minneapolis was valued at $368,300 in 2024. Home prices across the metro area have moved since, and carried forward by the FHFA index, that's about $392,000 as of 2026 Q2. Projected forward, it would be about $402,000 in 2027 and $496,000 in 2031. The first 2 years follow the metro index's change over the past year (+2.6%); later years use its 2020–2025 average (+6.3% a year).
Minneapolis home values by year
| Year | Median home value | Basis |
|---|---|---|
| 2026 Q2 (estimate) | $392,000 | ACS 2024 value × FHFA index change |
| 2027 (projected) | $402,000 | +2.6% (past year) |
| 2028 (projected) | $413,000 | +2.6% (past year) |
| 2031 (projected) | $496,000 | +6.3% (2020–2025 average) |
Median home value in Minneapolis, from the Census
| Year | Median home value |
|---|---|
| 2019 | $282,200 |
| 2023 | $355,600 |
| 2024 | $368,300 |
Read this with care
The Census value is owners' own estimate, and the FHFA index covers the whole metro area (Minneapolis-St. Paul-Bloomington, MN-WI), not Minneapolis alone. Moving a 2024 city median forward by a metro index is an estimate, and the projection carries two trends forward; it isn't a call on the next turn. For a specific ZIP code, use Predictye Property.
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024) forMinneapolis (Minneapolis city, Minnesota); medians are shown only when their margin of error is within 10%. FHFA all-transactions house price index for Minneapolis-St. Paul-Bloomington, MN-WI, through 2026Q2. How Predictye calculates this.
Frequently asked questions
What will homes in Minneapolis, MN be worth in 2027?
A home at the city's median would be worth about $402,000 in 2027, starting from an estimated $392,000 in 2026 Q2. The first 2 years follow the metro index's change over the past year (+2.6%); later years use its 2020–2025 average (+6.3% a year).
What is the median home value in Minneapolis, MN?
$368,300 in 2024, from the Census Bureau's American Community Survey. It's owners' estimate of their home's value.
Are home prices in Minneapolis, MN going up or down?
Across Minneapolis-St. Paul-Bloomington, MN-WI, the FHFA house price index moved +2.6% over the year to 2026 Q2, and averaged +6.3% a year from 2020 to 2025.