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
61 Properties Found.
Page 3 of 5

3925 26th Ave S

$225,000

This quintessential craftsman bungalow has been lovingly remodeled with a new kitchen & bathroom. Classic features include charming woodwork and white oak floors throughout...

Minneapolis, MN
2 Bed, 1 Bath, 816 Sqft, 0.12 Acres
Residential
Verve Realty

MLS® #5000388

Unit 213 - 4824 E 53rd St

$204,900

Lovely Condo located on the Light Rail Line between 50th & VA Medical Center Stations. Open & bright floor plan features tree top views from deck. Large kitchen with ample ...

Minneapolis, MN
2 Bed, 2 Bath, 1040 Sqft
Residential
Coldwell Banker Burnet

MLS® #4997768

Unit 410 - 1211 Lagoon Ave

$219,900

Welcome to this spectacular condo in the heart of Uptown. This property boasts an open layout with floor to ceiling windows, a deck, an updated kitchen with granite counter...

Minneapolis, MN
1 Bed, 1 Bath, 818 Sqft, 0.54 Acres
Residential
Keller Williams Integrity Realty

MLS® #5000711

Photo of Listing #4998141

2833 27th Ave S

$200,000

Great opportunity for an investor or an ambitious DIY'er. Great price for a 4 bedroom, 2 bath 2 story in Seward neighborhood of Minneapolis and 4 blocks to the light rail....

Minneapolis, MN
4 Bed, 2 Bath, 1576 Sqft, 0.17 Acres
Residential
Keller Williams Premier Realty

MLS® #4998141

Photo of Listing #4996873

3825 21st Ave S

$214,900

Standish Two Story Home is ideally located close to Sibley Park and light rail. Features original woodwork and maple floors throughout! Cute as a button with all bedrooms...

Minneapolis, MN
2 Bed, 1 Bath, 1049 Sqft, 0.12 Acres
Residential
Redfin Corporation

MLS® #4996873

Photo of Listing #4997927

2520 N 4th St

$204,900

Beautiful 2 story home located in Mpls' Hawthorne neighborhood. Gorgeous kitchen w/custom cabinets, quartz counters & new stainless steel appliances.New hard wood floors on...

Minneapolis, MN
4 Bed, 2 Bath, 1480 Sqft, 0.16 Acres
Residential
Realty Group, Inc.

MLS® #4997927

Unit 415 - 250 Park Ave

$220,000

A furnished, classic, open loft in historic Mill District blends a warehouse feel w/modern comforts. This turn-key condo has SS appliances, newer back splash, cherry cabin...

Minneapolis, MN
1 Bed, 1 Bath, 669 Sqft
Residential
Coldwell Banker Burnet

MLS® #4998227

Photo of Listing #4998846

4737 Columbus Ave

$209,900

Charming South Minneapolis bungalow with 2 bedrooms, hardwood floors, stainless steel appliances. Superb location within walking distance of Minnehaha Creek, dining options...

Minneapolis, MN
2 Bed, 1 Bath, 700 Sqft, 0.12 Acres
Residential
Sp Real Estate

MLS® #4998846

Photo of Listing #4987417

4432 31st Ave S

$204,900

OPPORTUNITY TO OWN A HOME IN THE SUPERB HIGHLY RATED ERICSSON NEIGHBORHOOD! SAME OWNER FOR OVER 50 YRS. NEEDS TLC. 3 BR 1 BATH ONE 1/2 STORY STUCCO WITH HARDWOOD FLOORS, N...

Minneapolis, MN
3 Bed, 1 Bath, 1080 Sqft, 0.12 Acres
Residential
Re/max Results

MLS® #4987417

Photo of Listing #4997386

Unit 515 - 121 Washington Ave S

$207,500

Welcome to your new retreat in the city. Unbelievable views of the Minneapolis skyline from the living room, bedroom and private balcony. This unit overlooks the pool and p...

Minneapolis, MN
1 Bed, 1 Bath, 871 Sqft
Residential
Re/max Results

MLS® #4997386

Photo of Listing #4997101

4436 43rd Ave S

$214,900

Minneapolis, MN
3 Bed, 2 Bath, 1111 Sqft, 0.12 Acres
Residential
Finch Real Estate

MLS® #4997101

3727 22nd Ave S

$210,000

Standish Neighborhood Gem walking distance to the 38th Street Station - light rail, restaurants, shops and many neighborhood attractions. Classic 1920's home with old worl...

Minneapolis, MN
2 Bed, 1 Bath, 1013 Sqft, 0.12 Acres
Residential
Edina Realty, Inc.

MLS® #4983331

3550 Lincoln St Ne

$209,900

Great starter home with expansion possibilities! You are greeted as you enter with recently refinished hardwood floors that extend into the 2 main floor bedroom. Original k...

Minneapolis, MN
2 Bed, 1 Bath, 1049 Sqft, 0.14 Acres
Residential
Edina Realty, Inc.

MLS® #4994845

Photo of Listing #4969082

4262 Sheridan Ave N

$217,500

Beautiful Tudor ready for a new family. Close proximity to the Parkway, diners and a new grocery store. This home has 3 large bedrooms on one level, a Main level bedroom wi...

Minneapolis, MN
4 Bed, 2 Bath, 1428 Sqft, 0.11 Acres
Residential
Bridge Realty, Llc

MLS® #4969082

Photo of Listing #4964354

3909 38th Ave S

$200,000

Beautiful newly renovated home in Howe neighborhood. Perfect opportunity for a first time buyer. Brand new roof. Main floor features original hardwood floors just refinish...

Minneapolis, MN
2 Bed, 2 Bath, 869 Sqft, 0.12 Acres
Residential
Edina Realty, Inc.

MLS® #4964354

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