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Hennepin County

Learn about the people, housing, costs and businesses in Hennepin County County

Median Home$425,729
Median Rent$1,634/month
Population1,269,496
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services12% arts, food & hospitality
Home Value Growth+5.3% over 2 years
Young Adults32% of residentswell above average
Homeowners63% of occupied units
NotableHighly Educated34% bachelor's · 14% graduate · top 1% nationally
NotableHigh Incomes$109k/year · top 4% nationally
Hennepin County
MN

Frequently Asked Questions

What are today's mortgage rates in Hennepin County?

As of today, the 30-year fixed mortgage rate for Hennepin County is approximately 6.981% (7.006% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Hennepin County
What is the median home price in Hennepin County?

The median home value in Hennepin County is $426k. The median monthly rent is $1,634. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hennepin County?

Home values in Hennepin County have increased 5.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hennepin County?

Based on a typical all-in ownership cost of $1,769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hennepin County is $109k/year.

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What industries drive the economy in Hennepin County?

The largest employment sectors in Hennepin County are public administration (25%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas