Minnesota

Minneapolis

  • About

  • History

  • Location

  • Things to do

  • Demographics

  • Culture

  • Schools

  • FAQ

Is Now a Good Time to Buy a House in Minneapolis, Minnesota?

As one anchor of the “twin cities” in the Minneapolis-St Paul Metro Area which is home to more than 3.6 million people, Minneapolis is situated at the junction of the three rivers of the state of Minnesota – the Mississippi, the Minnesota and the St. Croix. So, if not focused on a house specifically in Minneapolis, a house anywhere in this area could be considered a great spot to move to.

However, if you are focused on buying a house in Minneapolis, there will be plenty of big city amenities and cultural attractions you will enjoy. Take in a jazz concert at the Dakota Jazz Club, spend a night listening to the symphony or other formal performances at the Minnesota Orchestra, or explore a variety of entertainment at the Minnesota Fringe Festival. Minneapolis has many of the country’s best schools, including the Minneapolis College of Art and Design to the University of Minnesota, and hundreds of fine elementary, middle and high schools.

History

Before colonization by the Europeans, Minneapolis belonged to the Dakota Sioux people. It was in the 1680s that the first French explorers arrived, though no major settlements were established. In the year 1819, the first settlement was established at Fort Snelling. Lumber was Minneapolis’ primary industry in the 1870s, and the city was the world leader in flour milling for fifty years between 1880 and 1930. In the 1950s and 1960s, Minneapolis underwent heavy urban renewal, and today, the city is a major industrial, commercial and cultural hub for the Midwest.

Things to do in Minneapolis

Minneapolis is a huge place with plenty to do, so if you like to keep busy, you are in luck. Sports fans will love watching a baseball game or two at Target Field, and the family will enjoy a day at the park surrounding Minnehaha Falls which are just a few hundred yards from the city. The city of Minneapolis also has a chain of three connected lakes, plus Nature Canyon Park and Lake Calhoun for further outdoor pursuits.

Unreal houses in Minneapolis, MN

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Map showing Minneapolis

Location

Minneapolis is located on the shores of the Mississippi River, in the “Land of 10,000 Lakes.” The city is in the southern 1/3 of the state’s eastern border. The city’s rolling plains, waterways and northerly location provide warm summers yet cold and snowy winters. In an average year, Minneapolis sees just 32 inches of precipitation, however, it does get about 52 inches of snow. Winters are cold, with January being the coldest month with overnight lows averaging around 7 degrees F. In the summer, Minneapolis has approximately 198 sunny days and sees summer highs of around 84 degrees F. Minneapolis and the Twin Cities Metro Area offer a number of diverse neighborhoods. Some of the top neighborhoods for buying a house in Minneapolis are listed below. Minneapolis Neighborhoods Carag / South Uptown The neighborhood of Carag, often called “South Uptown,” is very popular with the younger set. Perhaps one reason why is because houses tend to be on the lower end of the spectrum. Cedar Riverside Cedar and Riverside are two merged neighborhoods which are both considered great spots for buying a house in Minneapolis. The neighborhood is highly diverse, houses several local theaters and is the site of the House of Balls Art Gallery. Elliot Park If you are looking to buy a house in Elliot Park then you are likely looking for a historic row house, however there are plenty of glass high-rises, too. This neighborhood is very popular with discerning young professionals as it exudes style with plenty of parks and cafes. Fulton Located in the extreme southwest of the city is the neighborhood of Fulton. With plenty of mixed residential and commercial properties, Fulton is a great place to buy a house in Minneapolis because it is tucked between more established neighborhoods like Linden and Lynnhurst. Fulton offers much of the same cachet, but is better value for money. King Field Also known as Kingfield, the King Field neighborhood is named after King Field Park, which was named for Dr. Martin Luther King. Around 25% of the residential properties in this neighborhood are either mid-rise or high-rise. Linden Hills Of all the neighborhoods in Minneapolis, Linden Hills may be one of the more expensive. However, be prepared to get a lot for your money. This affluent neighborhood overlooks Lake Harriet situated at the edge of town, so if a water view is important to you, then consider this neighborhood. Lynnhurst Just like Linden Hills, the houses in the Lynnhurst neighborhood are predominantly up-scale and many also offer views of Lake Harriet. With public transport links to downtown Minneapolis and other parts of the city, Lynnhurst may be the ideal spot for those commuting locally within the city. Page Just south of Minnehaha Creek and Diamond Lake Road is the neighborhood of Page. Most of the homes in this neighborhood are single family dwellings with large yards, so if you are after a bit of privacy and space, be sure to check this neighborhood’s properties out. University Neighborhood The University neighborhood is a popular one, so it can often be difficult to find a house for sale here. This neighborhood spans the Mississippi River and naturally, most of the neighborhood is occupied by the University of Minnesota. In addition, the neighborhood boasts many museums and has plenty of student friendly cafes and bars.

Minneapolis demographics

As of the 2020 census, Minneapolis had a population of 429,958, up from 382,578 a decade prior. This population growth means housing in Minneapolis isn’t necessarily hard to find. Approximately half of the city’s housing units are owner-occupied.

Just over 90% of Minneapolis residents over the age of 25 have high school diplomas, and just below 52% have a Bachelor’s degree or higher. The median household income was $66,068 in 2020.


There are a few good reasons to look for a house in Minneapolis, including the education. Minneapolis is a “college town,” with major schools including Augsburg University, Bethel University, Concordia, the Dunwoody College of Technology, Hamline University and Macalester College.

Arts in Minneapolis

If you are considering buying a house in Minneapolis, Minnesota and are interested in arts and entertainment, then a visit to the Minneapolis Institute of Art is a must. In fact, it could take several days to explore this venue as there is so much to see. Also be sure to visit the Minnesota Zoo and the Minneapolis Sculpture Garden.

Schools in Minneapolis

Minneapolis boasts more than 100 public schools, including 45 at the elementary level, 7 middle schools, a further 7 high schools, 8 special education schools, 8 alternative schools, 19 contract alternative schools, and 5 charter schools. Minneapolis also has plenty of 4-year colleges such as the University of Minnesota, Augsburg University, the Minneapolis College of Art and Design and North Central University.

Why Minneapolis?

As far as we can tell, buying a house in Minneapolis, Minnesota makes sense. However, houses here don’t stay on the market for long and prices are generally on the rise, although they are still far more affordable than other properties you might find on the coasts. The city’s population has increased by nearly 50,000 people in the last ten years, and it just continues to grow. Based on this fact alone, the city is thriving.

With many great neighborhoods to choose from, you won’t have to look very hard to find a Minneapolis house for sale. The Twin Cities are becoming a hub for Midwest tech industries and some very high-end neighborhoods are planned for development. Plus, with the presence of so many colleges and universities and plenty of arts and entertainment at your doorstep, Minneapolis overall just looks great. Can you see yourself living in or around Minneapolis? Why not take a visit and see for yourself?

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