Safe Rate Local
Learn about the people, housing, costs and businesses in Minneapolis, Minnesota
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Minneapolis.
True all-in cost — P&I, taxes, insurance & utilities for homes in Minneapolis.
Find and compare lenders active near Minneapolis.
FEMA flood zones and flood insurance estimates for Minneapolis.
Seismic risk and earthquake insurance estimates for Minneapolis.
Wildfire exposure and insurance estimates for Minneapolis.
As of today, the 30-year fixed mortgage rate for Minneapolis is approximately 6.823% (6.867% 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 MinneapolisThe median home value in Minneapolis is $370k. The median monthly rent is $1,446. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Minneapolis have increased 4.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,575/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Minneapolis is $86k/year.
Calculate your buying powerThe largest employment sectors in Minneapolis are public administration (25%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.