The latest Minneapolis housing market stats are out and the median sales price in the 13-county metro area in November was $205,000. I thought it might be fun to take a look at just what that amount of money will buy in Minneapolis.
Priced right at $205,000, this large Como home was built in 1939 and features not one, but two kitchens. It holds 5 bedrooms and 2 bathrooms in 2,240 square feet of living space.
Given its size and the fact that it’s within walking distance of the university, you can no doubt imagine the possibilities for this home if you purchase it as an investment.
Condo living is a great way to get into homeownership without all the maintenance chores involved in owning a single-family home. The Skyscape in Elliot Park has a beauty of a condo on the market. It’s on the 23rd floor so it offers spectacular views.
The condo features 1 bedroom and 1.5 baths with cherry cabinetry and granite counters in the kitchen, a master suite and hardwood floors throughout. It’s listed right at our median home price of $205,000.
There aren’t many listings priced right at $205,000 but we found one listed at $200,000 in the Wenonah neighborhood. A picture of this home should be listed in the dictionary next to the word “adorable.” Built in 1945, it features 3 bedrooms and 1 bath in 1,730 square feet of living space.
Located on one of those shady, tree-lined streets that make Wenonah such an in-demand neighborhood, to say this home oozes curb appeal would be an understatement.
If the Powderhorn community is more your style, you’ll love knowing how affordable it is. One neighborhood in particular, Corcoran (home to the Midtown Farmer’s Market) has a number of entry-level homes for sale.
One we found that fits the bill for this blog post is listed at $199,900. It has 3 bedrooms and 1 bathroom in 1,317 square feet of living space. Although the home was built in 1990, the garage was built in 1990 and the kitchen was remodeled in 2008. Gleaming hardwood floors and lots of windows round out the features of this home.
An incredibly convenient neighborhood, Minnehaha is known for its affordable home prices. This is, of course, mostly due to its location, just north of the Minneapolis-Saint Paul International Airport.
If you’re looking for a vintage home, you can’t go wrong with this classic English Tudor on a corner lot. Built in 1930, this home has hardwood floors and lots of potential, and it can be yours for $199,900.
Since $205,000 is the metro region’s median home price, meaning half are less expensive and half are more expensive, it appears that, for right now at least, prices in Minneapolis suit just about any budget.