What $225,000 Buys in Minneapolis Right Now

Posted by Kris Lindahl on Sunday, January 22nd, 2017 at 8:42am.

Despite new construction reaching its highest level since 2002, tightened inventory around the country is one of the biggest concerns facing the housing industry in 2017. From December of 2015 to December of 2016 there was about a 6.3% decline is active home listings on the market nationwide, which played a major role in the overall median sales price increasing to $232,200 at the end of last year. 

But even with mortgage rates jumping to over 4%, buying a home is still relatively affordable compared to years past. Additionally, despite inventory being low in just about every market, including around the Twin Cities, there are still plenty of great options listed for around $200,000. 

Featured below are active Minneapolis homes for sale between $200,000 and $225,000, which of course is anywhere from $7,200 to $32,200 below the current median sales price in the U.S. As of the date of this post, you’ll see a number of charming little bungalow and cottage-style houses for just over $200,000, while closer to that $225,000 budget presents a variety of opportunities that include larger three and four bedroom homes to nicely updated condos with plenty of living space. But for a closer look at everything between the $200,000 and $225,000 price range, start browsing any of the active listings you see here:

Minneapolis Homes For Sale Between $200,000 & $225,000

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New Listings First
44 Properties Found.
Page 1 of 3
Photo of Listing #4886511

3723 E 54th St


Easy to show Beautiful bungalow great location close to everything Minnehaha Falls, Mall of America, Airport, Green Line, Dog Park, and Highway Access. Huge backyard with f...

Minneapolis, MN
3 Bed, 1 Bath, 1200 Sqft, 0.11 Acres
Re/max Results

MLS® #4886511

Photo of Listing #4885256

5729 44th Ave S


Owner nicely cared for this home for over 50 years. This charming 1.5 story home has coved ceilings and arched doorways, newer windows, furnace, air conditioner, second flo...

Minneapolis, MN
3 Bed, 1 Bath, 1033 Sqft, 0.12 Acres
Edina Realty, Inc.

MLS® #4885256

Photo of Listing #4883964

Unit P2402 - 20 2nd St Ne


Live at the Pinnacle and enjoy all the conveniences of the St. Anthony area! Restaurants, entertainment, grocery store, and the River outside your front door! Wonderful kit...

Minneapolis, MN
1 Bed, 1 Bath, 813 Sqft, 1.64 Acres
Downtown Resource Group, Llc

MLS® #4883964

2746 Russell Ave N


Brand new Green Certified home! Open layout, hardwood floors, kitchen with SS appliances, beautiful baths, front porch and so much more. Part of the Minneapolis Green Homes...

Minneapolis, MN
3 Bed, 3 Bath, 1728 Sqft, 0.12 Acres
Re/max Results

MLS® #4883965

Photo of Listing #4884097

3213 2nd Ave S


Stunning three bedroom one bathroom, completely renovated. Near shops, restaurants and parks. Half block from Healy Block Historic District. This home offers SS appliances,...

Minneapolis, MN
3 Bed, 1 Bath, 1398 Sqft, 0.14 Acres
Medina Realtors

MLS® #4884097

Photo of Listing #4880648

3039 Longfellow Ave


Great South Minneapolis location! Just East of Uptown and two blocks from YWCA Midtown. Gleaming hardwood floors! Forced air - so Central Air is easy to install. Large top ...

Minneapolis, MN
3 Bed, 2 Bath, 1000 Sqft, 0.11 Acres
Coldwell Banker Burnet - Minneapolis Lakes

MLS® #4880648

Photo of Listing #4880760

3830 Washburn Ave N


Is the eclectic, quiet, and affordable Victory neighborhood on Minneapolis northside right for you? This charming, craftsman style, 1½ story home is well kept, has hardwoo...

Minneapolis, MN
3 Bed, 2 Bath, 1982 Sqft, 0.12 Acres
123 Realty Llc

MLS® #4880760

Photo of Listing #4880232

3634 Queen Ave N


Price reduced to Sell, Won't find this Quality in area Must See it to appreciate! Gorgeous Home as Fully Remodeled and finished on main and upper level, Lots of Storage as ...

Minneapolis, MN
4 Bed, 3 Bath, 2020 Sqft, 0.12 Acres
Greater Midwest Realty

MLS® #4880232

Photo of Listing #4878071

626 3rd Ave Se


Great home in highly desirable Marcy Holmes Neighborhood. Excellent location within walking distance to the U of M, fine dining, elementary school and so much more. Thi...

Minneapolis, MN
2 Bed, 2 Bath, 1344 Sqft, 0.01 Acres
Re/max Advantage Plus

MLS® #4878071

Photo of Listing #4876072

Unit 1 - 3501 Dupont Ave S


Classic Condo in the heart of Uptown/Lake Calhoun Area with remodeled kitchen and beautiful hardwood floors. Lots of basement storage. Separate washer/dryer in basement. As...

Minneapolis, MN
2 Bed, 1 Bath, 1050 Sqft, 0.12 Acres
Coldwell Banker Burnet

MLS® #4876072

Photo of Listing #4872029

3611 Oakland Ave


Back on the Market. Wonderful home in a highly desired South Minneapolis neighborhood. New windows, new kitchen cabinets, granite countertop with stainless steel appliance...

Minneapolis, MN
3 Bed, 1 Bath, 1032 Sqft, 0.09 Acres
Park Realty

MLS® #4872029

Photo of Listing #4868023

5109 Vincent Ave N


This wonderful home is in a great location and it features upstairs master bedroom with full master bathroom. Main level full bathroom, new kitchen granite countertop and s...

Minneapolis, MN
4 Bed, 2 Bath, 2204 Sqft, 0.12 Acres
Park Realty

MLS® #4868023

Photo of Listing #4864992

Unit 1615 - 433 S 7th St


Sit high above the buzz of the city and watch the revitalization as it happens! Turn-key, updated baths & Kitchen. Unit has several built-ins and exceptional detail work. E...

Minneapolis, MN
2 Bed, 2 Bath, 1010 Sqft
Creek Realty

MLS® #4864992

Photo of Listing #4863453

Unit 102 - 3444 Grand Ave S


10 out of10! Pristine 2 bed condo offering many upgrades while restoring the original charm and character. Remodeled kitchen with custom cabinets to mimic 1910 charm, grani...

Minneapolis, MN
2 Bed, 1 Bath, 958 Sqft
Lakes Sotheby's International Realty

MLS® #4863453

Photo of Listing #4849466

4917 Penn Ave N


Minneapolis, MN
5 Bed, 2 Bath, 1872 Sqft, 0.14 Acres
Hamm Realty Inc

MLS® #4849466

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