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
64 Properties Found.
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Unit 307 - 730 Stinson Blvd


Historic Cream Of Wheat Building was converted to lofts in 2007. Shared amenities include, Community gardens, rec room, meeting room and gym on the 1st floor, community pat...

Minneapolis, MN
1 Bed, 1 Bath, 1109 Sqft
Keller Williams Premier Realty Lake Minnetonka

MLS® #4871875

Photo of Listing #4871643

5601 27th Ave S


PRICE REDUCED. Ready to move in. New roof, carpet, electrical fixtures and more. Finished upper & lower levels. In the Wenonah neighborhood of Minneapolis on a fenced corne...

Minneapolis, MN
3 Bed, 2 Bath, 890 Sqft, 0.12 Acres
Fish Mls Realty

MLS® #4871643

Photo of Listing #4871622

2002 S 6th St


This beautiful end-unit brick town home offers 2 large upper level bedrooms, a loft, 1.5 bathrooms, 1 underground garage with private entrance to unit, private porch and ...

Minneapolis, MN
2 Bed, 2 Bath, 1236 Sqft
Brix Real Estate

MLS® #4871622

3912 15th Ave S


Charming Bancroft neighborhood home only 3 blocks from Powderhorn Park. Close to Lake Hiawatha. Gleaming hardwood floors throughout. High ceilings, exquisite original wo...

Minneapolis, MN
2 Bed, 1 Bath, 1050 Sqft, 0.12 Acres
Re/max Results

MLS® #4870904

5853 Washburn Ave S


Opportunity knocks!! You will not find another Armatage home in this price point. 2 bed, 2 bath with a non-conforming 3rd bedroom in the lower level. Washburn Ave Park is y...

Minneapolis, MN
2 Bed, 2 Bath, 1506 Sqft, 0.12 Acres
Keller Williams Integrity Realty

MLS® #4869942

Photo of Listing #4869551

2318 E 32nd St


Spectacular 3 bedroom home 1 block from Light Rail! Home has been recently redone. Features include Newer Windows, Siding, Decks and more. Brand new Stainless steel applia...

Minneapolis, MN
3 Bed, 1 Bath, 1284 Sqft, 0.08 Acres
Midwest Management Incorporated Dba Midwest Homes

MLS® #4869551

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 #4862165

Unit W208 - 710 N 4th St


Don't miss this contemporary condo in the North Loop. Open floor plan, high ceilings, well cared for unit. The space is quite amazing, with lots of natural light. Seller ...

Minneapolis, MN
1 Bed, 1 Bath, 815 Sqft
Manarola Llc

MLS® #4862165

Photo of Listing #4861225

3628 Architect Ave


From the Front Porch to the Back Deck, this HOME will not disappoint! New Central Air, New Skylight, Newer Windows, Refinished Floors and Roof Vents Sealed - all in the la...

Minneapolis, MN
3 Bed, 3 Bath, 1950 Sqft, 0.15 Acres
Friemann Real Estate Services, Inc

MLS® #4861225

4037 5th Ave S


Beautiful south Minneapolis home! one owner and well maintained 3 bedrooms on main level. Plenty of livable rooms and space on lower level. Enjoy the wrap around deck which...

Minneapolis, MN
3 Bed, 1 Bath, 1728 Sqft, 0.12 Acres
Edina Realty, Inc.

MLS® #4860733

Photo of Listing #4856089

5521 27th Ave S


Minneapolis, MN
3 Bed, 1 Bath, 1404 Sqft, 0.12 Acres
Keller Williams Classic Realty

MLS® #4856089

Photo of Listing #4852654

Unit P1406 - 20 2nd St Ne


Stunning views from this beautifully remodeled condo in sought after Falls Pinnacle! Gorgeous kitchen and bathroom with washer/dryer in unit. You will love the location, wi...

Minneapolis, MN
1 Bed, 1 Bath, 759 Sqft
Joe Sorenson Realty

MLS® #4852654

Photo of Listing #4849466

4917 Penn Ave N


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

MLS® #4849466

Photo of Listing #4821623

5341 46th Ave S


Cute South Minnie bungalow blocks from Minnehaha Park. Charming woodwork and hardwood floors throughout the main floor. Lower level, drain tiled, is currently finished as a...

Minneapolis, MN
3 Bed, 2 Bath, 1490 Sqft, 0.14 Acres
Re/max Results

MLS® #4821623

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