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
59 Properties Found.
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Photo of Listing #5660507

353 Garfield Street Ne


Great opportunity to Own a place in the Vibrant North East Minneapolis Community. This 3 bedroom with office/den that can be used as another bedroom and 1 full bath will ...

Minneapolis, MN
3 Bed, 1 Bath, 1166 Sqft, 0.11 Acres
Greater Midwest Realty

MLS® #5660507

Photo of Listing #5657817

210 W Grant Street 112


Amazing panoramic views of Loring Park from this super sized one bedroom city condo, not on the ground floor. Spacious rooms with gleaming hardwood floors, separate dining ...

Minneapolis, MN
1 Bed, 1 Bath, 922 Sqft
Coldwell Banker Realty

MLS® #5657817

929 Portland Avenue 910


Two blocks from the Skyway and near light rail. Step into modern Luxury high rise living and call this spacious one bedroom home. Stadium and downtown views, fitness center...

Minneapolis, MN
1 Bed, 1 Bath, 710 Sqft, 1.02 Acres
Prudden & Company

MLS® #5656203

Photo of Listing #5653579

2206 Ilion Avenue N


Masks are required to enter this Home. Great home in the heart of Minneapolis with high ceilings and really nice updates. New windows and trim in 2017,New interior doors, N...

Minneapolis, MN
4 Bed, 2 Bath, 1620 Sqft, 0.12 Acres
Express Realty Llc

MLS® #5653579

433 S 7th Street 2027


Light filled / high demand corner unit. . Exceptional views & value Skyway access!. Great location-close to Light Rail, River, Stadium, Downtown Core and more. Amenities-p...

Minneapolis, MN
2 Bed, 2 Bath, 940 Sqft
Lakes Sotheby's International Realty

MLS® #5649197

19 S 1st Street B402


Terrific corner unit with both bathrooms updated, freshly painted and new flooring in living,dining, entryway. Spacious living room opens to dining and kitchen. Two nice si...

Minneapolis, MN
2 Bed, 2 Bath, 1080 Sqft, 3.83 Acres
Twin Oaks Realty, Inc

MLS® #5644421

Photo of Listing #5641795

19 S 1st Street B508


Live in the heart of downtown where you work and play. Massive gated landscaped courtyard w/8 maintained gas grills, 80' outdoor pool, private outdoor tennis courts, 2 fitn...

Minneapolis, MN
2 Bed, 2 Bath, 1080 Sqft
Bridge Realty, Llc

MLS® #5641795

3509 15th Avenue S


Minneapolis, MN
3 Bed, 2 Bath, 1058 Sqft, 0.08 Acres
Exp Realty

MLS® #5639410

Photo of Listing #5640173

1225 Lasalle Avenue 605


Luxury and Location in a cozy homey condo with amazing views. Experience all the city has to offer steps from your door or relax on your balcony as church bells chime above...

Minneapolis, MN
1 Bed, 1 Bath, 760 Sqft
Coldwell Banker Realty

MLS® #5640173

Photo of Listing #5610315

20 2nd Street Ne P1905


Ever hear of a “red diamond”? They are the rarest - so rare that most people don’t even know they exist. The same is true of this exquisite gem. This is the realization of ...

Minneapolis, MN
1 Bath, 552 Sqft, 1.64 Acres
Drive Results Realty

MLS® #5610315

Photo of Listing #5631962

2806 Aldrich Avenue N


Beautifully updated home featuring high ceilings on main level, updates throughout. Lots of windows allow for lots of natural light. A spacious front porch, a fully fenced ...

Minneapolis, MN
4 Bed, 1 Bath, 1248 Sqft, 0.12 Acres
Exit Realty Metro

MLS® #5631962

Photo of Listing #5630031

2416 14th Avenue S


VERY UNIQUE property. Single family as 2 rental units. Total of 2 kitchens, 2 living rooms, 1 dining room, 4 bedrooms, 2 dens, Family room in attic , 2 furnaces, Unit upst...

Minneapolis, MN
4 Bed, 2 Bath, 1650 Sqft, 0.09 Acres
Independent Realty Of Minnesota Inc

MLS® #5630031

Photo of Listing #5627643

19 S 1st Street B601


River Towers corner 2 bedroom/ 2 bathroom unit has stunning downtown and courtyard views! This unit features open concept kitchen, dining and living space with fantastic sk...

Minneapolis, MN
2 Bed, 2 Bath, 1048 Sqft, 3.83 Acres
Keller Williams Integrity Realty

MLS® #5627643

Photo of Listing #5506865

19 S 1st Street B1002


New fresh paint throughout. Corner unit includes updated kitchen, range, dishwasher, microwave, European clothes washer in kitchen/dining area, floor to ceiling pantry in t...

Minneapolis, MN
2 Bed, 2 Bath, 1065 Sqft, 3.83 Acres
Wayzata Lakes Realty Llc

MLS® #5506865

1225 Lasalle Avenue 703


Experience ease of maintenance free living at 1225 LaSalle. Pristine & freshly updated, this east-facing unit features courtyard views. The kitchen opens to the living are...

Minneapolis, MN
1 Bed, 1 Bath, 760 Sqft
Coldwell Banker Realty

MLS® #5501128

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