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Minnesota

State FIPS 27

Juniper

Minnesota is in the 75th percentile nationally for median income. It also sits in the lowest 38% nationally for home price growth over the past year. And it sits in the lowest 39% nationally for home price against income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$366,260

Near the U.S. states median
Median Income

$89,062

Higher than 75% of U.S. states
Hot Days/yr (>90°F)

9.3

The basics

Total Population

5,739,445

Median Age

38.8

Population Density

72.08

Home values & property tax

Median Property Tax

$3,357

Property Tax Rateyearly tax as a share of home value

1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

3.7×

Lower than 61% of U.S. states
Median Rent

$1,280

Higher than 57% of U.S. states

Home prices & appreciation

Home Price Growth, Past Year

2.8%

Lower than 62% of U.S. states
Pandemic Price Run-Up2019–20 low → 2022–23 peak

32%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

22%

Climate & weather

Summer Avg High (°F)

79.6

Winter Avg Low (°F)

8.4

Avg Temperature (°F)

44.4

Freezing Days/yr (<32°F)

161.2

Annual Precipitation (in)

31.9

Annual Snowfall (in)

47.7

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

Go deeper

Explore every county, ZIP code, and census tract in Minnesota — demographics, housing, climate, and risk — on the interactive map.

Explore Minnesota on the map →

Minnesota: frequently asked questions

What is the typical home value in Minnesota?
The estimated median home value in Minnesota today is $366,260, near the U.S. states median.
How much is property tax in Minnesota?
The median annual property tax in Minnesota is $3,357, an effective rate of 1% of home value.
Is Minnesota expensive to live in?
Homes in Minnesota cost about 3.7× the median household income, lower than 61% of U.S. states.
What is the average rent in Minnesota?
The median gross rent in Minnesota is $1,280 a month, higher than 57% of U.S. states.
How much have home prices grown in Minnesota?
Home prices in Minnesota have moved 2.8% over the past year, per the FHFA House Price Index.
How many people live in Minnesota?
Minnesota has a population of 5,739,445, about 72.08 people per square mile, per the U.S. Census American Community Survey. The median age is 38.8.
What is the weather like in Minnesota?
Minnesota averages 44.4°F year-round, summer highs near 79.6°F, winter lows around 8.4°F (NOAA 1991–2020 normals). It sees about 47.7 inches of snow a year.
Is Minnesota at risk of flooding or natural disasters?
Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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