Minneapolis, MN

Population: 400,070
Average annual home appreciation rate: 12.52%
Total of homes for sale in this market: 1,516
Median home price: $234,397
Median Rent: $977 per room
Home price range: 37.72% of homes are between $113,001 – $225,000
Median sales price: $221,125
Number of homes: 6,352
Median foreclosure sales price: $137,000
Foreclosure discount: 38%
Most common home type: 44.48% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.95%
Number of renters: 53.00%
Number of owner occupied: 47.00%
Number people living below poverty level: 22.50%
Unemployment rate: 3.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Minneapolis area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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