Home Value Estimator For MINNEAPOLIS, MN
There are currently 137,146 real estate properties in MINNEAPOLIS, MN,
with a median automated valuation model (AVM) price of $342,200.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in MINNEAPOLIS, MN, based on current market trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers and
sellers with a better idea of a home’s value ahead of the negotiation process. For example,
the average home price in MINNEAPOLIS, MN, is $400,944.00, with the most expensive house
in MINNEAPOLIS, MN, topping out at $97,757,100.00 and the cheapest home in MINNEAPOLIS, MN,
clocking in at $11,600.00. In other words, there’s something for every potential homebuyer
or savvy investor in MINNEAPOLIS, MN!
Rent Prices In MINNEAPOLIS, MN
With the expiration of certain local, state and federal housing-related restrictions and
mandated programs, the rental market in MINNEAPOLIS, MN, is on a rollercoaster ride. The
average rent price in MINNEAPOLIS, MN, is $1,846.00. Indeed, when looking to rent in
MINNEAPOLIS, MN, you can expect to pay as little as $620.00 or as much as $5,940.00,
with the average rent median estimated to be $1,780.00. The good news is that finding
an affordable and desirable property to rent in MINNEAPOLIS, MN -- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of the
local market and, of course, a little patience.
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