Minneapolis, MN Community Information

Minneapolis, MN Homes for Sale

Minneapolis Metro and Neighborhood Information

Minneapolis and St. Paul form the core of the Twin Cities metropolitan area. It is the 16th-largest metropolitan area in the country, with more than 3 million residents. The Twin Cities area ranks among the country's most desirable places to live, offering exceptional cultural, social and recreational opportunities.

The Twin Cities has long been noted for its tremendous spirit of civic cooperation. Private corporations and foundations often join with government and community organizations to improve and expand the resources available to the community. For seven consecutive years, Morgan Quitno, a national publishing and research company, named Minnesota as the nation's 'most livable state.'

Nicknamed the City of Lakes, Minneapolis is abundantly rich in water with twenty lakes and wetlands, the Mississippi riverfront, and creeks and waterfalls, many of which are connected by parkways in the Chain of Lakes and the Grand Rounds Scenic Byway.

Minneapolis is the primary business center between Chicago and Seattle. As America's most literate city, this Midwest metropolis has cultural organizations that draw creative people and audiences to the area for theater, visual art, writing and music. Minneapolis-St. Paul ranks fifth in the U.S. for the percentage of the population with a bachelor's degree or higher education.

The community's diverse population also has a long tradition of charitable support through progressive public social programs and private and corporate philanthropy. The economy of Minneapolis today is based in commerce, finance, rail and trucking services, and health care. Smaller components are in publishing, milling, food processing, graphic arts, insurance and technology. The city is also home to five Fortune 500 headquarters, including Target Corporation, U.S. Bancorp, Xcel Energy, Ameriprise Financial and Thrivent Financial for Lutherans.

Ideal family city

National surveys consistently pick Minnesota as an ideal place to raise a family. The Twin Cities came out on top in many publications including Inc. magazine's Best Places to Start and Grow a Company, and Money magazine's Best Places to Live. The Twin Cities region is home of two thriving downtowns, internationally acclaimed orchestras and museums, and five professional sports teams.

Nestled between the south shores of Lake Calhoun and the west side of Lake Harriet in Southwest Minneapolis is Linden Hills, a neighborhood unique unto itself. Often referred to as 'a small town in the city,' It is an ideal urban community with interesting boutique shops, unique restaurants, and a variety of parks with tennis courts, playgrounds and picnic areas.

Lake Harriet and Lake Calhoun are an easy walk from the downtown shopping district at 43rd and Upton. At either lake you can swim, enjoy a walk or bike ride on paths that connect you to the Grand Rounds National Scenic Byway. With over 50 miles of public pathways, it's a great way to enjoy the chain of lakes, parks and the Minnehaha Creek parkway on to the Mississippi River road. The median home price in Minneapolis is $235,000.

Living in Minneapolis you'll enjoy one of the nation's most economically robust regions, situated among scenic forests, rivers, lakes, parks, and golf courses. So start your Minneapolis real estate search today!

Sources and more information:
http://www.minneapolischamber.org/index.php
http://en.wikipedia.org/wiki/Minneapolis,_Minnesota
http://www.linden-hills.com/

Minneapolis, MN Community Information

Population

999,935

Median Age

35.0

Median Household Income

$65,543

Households with Children

45.15%

Median Travel Time to Work

23 minutes

Minneapolis, MN Real Estate Market Information

Homes Owned

64.03%

Homes Rented

34.16%

Homes Vacant

1.81%

Minneapolis, MN Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

Minneapolis, MN School Information

Elementary Schools

Primary Schools

Middle Schools

Secondary Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 999,935
  • Total Male Population 496,195
  • Total Female Population 503,740
  • Population change since 2000 166.01%
  • Median age 35.0
  • Percent of households with children 45.15%
  • Personal Crime risk 174

Transportation

  • Median travel time to work 23 minutes
  • Percent using Public transportation 7.96%
  • Percent Driving/Using Carpool 82.33
  • Percent Using Other transportation 5.20%
  • Percent Working From Home 4.51%

Education Levels

  • Some high school 8.60%
  • High school graduate 23.38%
  • Some college 22.42%
  • Associate degree 8.07%
  • Bachelor's degree 25.75%
  • Graduate degree 11.77%

Occupation

  • Agriculture, forestry, and fishing 0.15%
  • Construction 4.30%
  • Manufacturing 12.07%
  • Wholesale Trade 3.17%
  • Retail Trade 10.17%
  • Finance, insurance and real estate 9.64%
  • Services 5.09%
  • Public administration 2.74%
  • Information 2.99%
  • Professional 14.14%
  • Education 21.92%
  • Arts 8.66%

Income

  • Average household income $82,097
  • Income change since 2000 23.48%

Climate

  • Avg. January high/low temp 22.27 / 3.22
  • Avg. July high/low temp 83.85 / 61.92
  • Annual precipitation 31.25
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