Minneapolis is the larger of the Twin Cities and home to numerous Fortune 500 headquarters including Target, US Bancorp, and General Mills. Hennepin County's moderate property tax rate and a robust job market support steady housing demand across a range of price points.
Recommended for incomes above $90k/yr (28% DTI rule)
Minneapolis housing market
The 1.28% property tax rate reflects the county-level effective rate for Minneapolis and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Minnesota average — county-level data produces more accurate monthly payment estimates for Minneapolis buyers. Many Minneapolis properties also carry HOA fees — the area average is approximately $200/month, which is not included in the calculator above.
Rate history
Compare statewide
Minnesota Mortgage Calculator →
See statewide averages and other Minnesota cities.
Not sure what to offer?
Try the Affordability Calculator →
Find your max home price based on income and debts.
Comparing loan offers?
Mortgage Comparison Worksheet →
Line up lender quotes side by side in a free spreadsheet.
FAQ