Minneapolis home values (September 2026)
The typical home in the Minneapolis, MN metro is worth $387,807, +1.7% over the last 12 months. Updated monthly from Zillow Research data.
- Typical value
- $387,807
- 1-year change
- +1.7%
- 5-year change
- +10.8%
- 10-year change
- +58.9%
Where Minneapolis stands
- #41 most expensive of the 100 largest U.S. metros; #42 by 1-year price growth.
- At or near its all-time high ($387,807).
Home equity in Minneapolis
At an 85% combined loan-to-value cap, a typical $387,807 home supports up to $329,636 of total borrowing. With a typical mortgage still owed, about $112,464 of equity would be available as a line of credit. Run your own numbers in the HELOC calculator.
Compare nearby metros
- Baltimore, MD — $396,959 (+0.4% 1-yr)
- Richmond, VA — $392,106 (+2.6% 1-yr)
- Philadelphia, PA — $386,048 (+2.5% 1-yr)
- Milwaukee, WI — $384,496 (+5.3% 1-yr)
Frequently asked questions
What is the typical home value in Minneapolis?
The typical home in the Minneapolis, MN metro area is worth about $387,807 as of September 2026, according to the Zillow Home Value Index (mid-tier homes, seasonally adjusted). That ranks #41 of the 100 largest U.S. metros.
Are home prices in Minneapolis going up or down?
Over the past 12 months the typical value changed +1.7% (#42 of 100 large metros by 1-year growth). Over 5 years it changed +10.8%, and over 10 years +58.9%. Values are at or near their all-time high.
How much home equity could a Minneapolis homeowner borrow against?
Lenders typically cap combined loan-to-value at about 85%. On a typical $387,807 home that's $329,636 of total borrowing; after a typical existing mortgage (about 56% of value) roughly $112,464 would remain as a line of credit. This is an illustration, not an offer — your figure depends on your own balance, credit and appraisal.
Data: Zillow Research, Zillow Home Value Index (all homes, mid tier, smoothed and seasonally adjusted), September 2026. Equity figures are illustrative. Download the full dataset.