housing costs · Minnesota
Housing costs in Hennepin County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,487 | ± $14 | evidence → |
| 2019–2023 | $1,439 | ± $12 | evidence → |
| 2018–2022 | $1,373 | ± $11 | evidence → |
| 2017–2021 | $1,244 | ± $10 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $392,900 | ± $2,254 | evidence → |
| 2019–2023 | $376,500 | ± $1,933 | evidence → |
| 2018–2022 | $358,000 | ± $1,913 | evidence → |
| 2017–2021 | $309,200 | ± $2,502 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 29.0 % | ± 0.4 % | evidence → |
| 2019–2023 | 28.6 % | ± 0.3 % | evidence → |
| 2018–2022 | 28.4 % | ± 0.4 % | evidence → |
| 2017–2021 | 28.2 % | ± 0.4 % | evidence → |
In context
Median rent in Hennepin County is $1,487, above the Minnesota median of $896 across 87 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.