"Minnesota stands out as a bright spot in the Midwest's housing landscape. According to the Realtor.com® State-by-State Housing Report Card, the state earned a solid B-, signaling above-average performance on both affordability and new construction. The report, part of Let America Build campaign, evaluates how each state balances today's affordability with tomorrow's home supply. For Minnesota, the results reflect a steady market that's building enough to keep pace with demand, even as prices climb and other parts of the nation struggle."
"Realtor.com analysis gives Minnesota a total score of 62, placing it in the upper half of the national rankings. The state's median listing price reached $394,042, supported by a strong median household income of $86,272, one of the highest in the region. The Realtors Affordability Score of 0.77 shows that a fair share of listings remain within reach for middle-income buyers."
Minnesota earned a B-, reflecting above-average performance in affordability and new construction balance. The state's total score is 62, placing it in the upper half of national rankings. The median listing price reached $394,042, supported by a median household income of $86,272, one of the highest in the region. The Realtors Affordability Score of 0.77 indicates a fair share of listings remain reachable for middle-income buyers. Minnesota accounted for 1.5% of U.S. housing permits in 2024, slightly below its 1.7% population share, resulting in a permit-to-population ratio of 0.9. The new construction premium was 47.1%.
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