Minnesota's median gross rent is $1,280 and its median household income is $89,062 (U.S. Census Bureau, 2020–2024), against $1,413 and $80,734 for the United States. Minneapolis city shows $1,371 and $80,846. These are Census estimates read through search summaries, not asking prices. This is general information, not financial or legal advice.
Real estate in Minnesota
Minnesota housing facts from the Census Bureau and how to verify agents and property records.
Minnesota housing at a glance
| Measure | Value | Period |
|---|---|---|
| Median gross rent | $1,280 | 2020–2024 |
| Median household income | $89,062 | 2020–2024 |
| Population estimate | 5,830,405 | July 1, 2025 |
Estimates from QuickFacts, not asking prices.
Renting or buying: what to weigh
- Time horizon and total cost.
- Location fit: see the cities and regions guide.
- Moving deadlines: see moving to Minnesota.
We did not verify a Minnesota agent-license lookup; ask any agent for a license number and confirm it with the state.
Your options
Renting, buying and where.
Frequently asked questions
Is it better to rent or buy?
It depends on your timeline and finances. We cannot give personalized advice.
What is the median rent?
$1,280 per month (gross rent, 2020–2024, Census Bureau).
How do I check a real estate agent?
Ask for a license number and confirm it with the state; we did not verify a lookup.
Sources
Facts on this page were read from the sources below on October 20, 2026. Hours, fares, prices and event dates change — confirm with the source before you travel. How we research and update.
- QuickFacts: Minnesota — U.S. Census Bureau
Get the free Minnesota planning guide
A city comparison, a season-by-season planner and a two-day itinerary — as a free PDF.
By submitting you agree to the privacy policy.