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

By searching, you agree to the EULA Terms Agreement
New Listings First
49 Properties Found.
Page 3 of 4
Photo of Listing #4954166

3541 17th Ave S

$225,000

Join this diverse urban community: Powderhorn Park! This move in ready home is steps to May Day Cafe, Matt's Bar and the park. Live on a quiet bike path near art and cultur...

Minneapolis, MN
2 Bed, 1 Bath, 1129 Sqft, 0.13 Acres
Residential
Re/max Results

MLS® #4954166

Photo of Listing #4970525

523 Queen Ave N

$200,000

Major rehab completed in 2017. Brand new kitchen with custom cabinets, granite counter tops & stainless appliances. All new Anderson windows, refinished hardwood floors, ne...

Minneapolis, MN
2 Bed, 1 Bath, 1000 Sqft, 0.19 Acres
Residential
Norton Realty, Inc

MLS® #4970525

Photo of Listing #4970397

Unit 4 - 2936 Drew Ave S

$224,900

Enjoy this stunning two-bedroom condo in the heart of Minneapolis, within a mile of its three popular lakes: Bde Maka Ska (fka Lake Calhoun), Lake of the Isles and Cedar La...

Minneapolis, MN
2 Bed, 1 Bath, 740 Sqft, 0.15 Acres
Residential
Keystone Realty Mn

MLS® #4970397

Photo of Listing #4967657

5604 43rd Ave S

$225,000

Welcome to this well-maintained two-story home situated on a manicured lot in the convenient Morris Park neighborhood. This home features two large bedrooms upstairs, a mai...

Minneapolis, MN
2 Bed, 2 Bath, 1636 Sqft, 0.12 Acres
Residential
Keller Williams Integrity Realty

MLS® #4967657

Photo of Listing #4970749

3118 18th Ave S

$225,000

Gorgeous 3 bedroom, 2 bath home in the perfect south Minneapolis location! Featuring 3 bedrooms upstairs, beautiful hardwood floors and a hard to find half bathroom on the ...

Minneapolis, MN
3 Bed, 2 Bath, 1282 Sqft, 0.11 Acres
Residential
Keller Williams Preferred Rlty

MLS® #4970749

Photo of Listing #4966523

Unit 310 - 2900 University Ave Se

$224,900

Great U of M campus location! Steps from the light rail, Fresh Thyme grocery store, minutes to both downtowns, TCF Bank stadium, eateries/coffee shops and more! Two bed/t...

Minneapolis, MN
2 Bed, 2 Bath, 974 Sqft, 0.65 Acres
Residential
Community Association Group

MLS® #4966523

Photo of Listing #4967721

1708 Lyn Curve Ave N

$214,900

Fantastic Opportunity! New Improvements Just Completed! All New Flooring (Carpet, Vinyl, Wood Laminate) Professionally Painted Interior, New Garage Door, New Vinyl Window...

Minneapolis, MN
3 Bed, 2 Bath, 1563 Sqft, 0.23 Acres
Residential
Midwest Management Incorporated Dba Midwest Homes

MLS® #4967721

Photo of Listing #4962958

3828 24th Ave S

$210,000

Spacious two story home with loads of charm, tall ceilings, beautiful natural woodwork and hardwood floors on both levels. Wide open staircase leads to two upper bedrooms a...

Minneapolis, MN
2 Bed, 1 Bath, 1350 Sqft, 0.11 Acres
Residential
Keller Williams Integrity Realty

MLS® #4962958

Photo of Listing #4952245

5652 43rd Ave S

$216,500

This beautiful 2 bedroom home in the highly desirable Nokomis neighborhood is just minutes from the light rail, airport, Minnehaha Falls, and Lake Nokomis. Features many up...

Minneapolis, MN
2 Bed, 1 Bath, 860 Sqft, 0.12 Acres
Residential
Coldwell Banker Burnet

MLS® #4952245

2614 Logan Ave N

$224,900

Beautifully remodeled home featuring a 2nd floor balcony, finished basement, and refinished maple floors. Recent maintenance-free exterior with vinyl siding, double-hung vi...

Minneapolis, MN
5 Bed, 3 Bath, 2368 Sqft, 0.13 Acres
Residential
Northern Homes Realty, Llc

MLS® #4968828

2315 Talmage Ave Se

$225,000

Classic home in convenient, desirable neighborhood! High ceilings, archway, open stairway and original maple floors & oak woodwork are just a few examples of its historical...

Minneapolis, MN
2 Bed, 2 Bath, 1535 Sqft, 0.1 Acres
Residential
Keller Williams Integrity Realty

MLS® #4960349

2029 3rd Ave N

$217,000

Great Minneapolis neighborhood. 2 story Gem with refinished hardwood floors, updated kitchen including SS appliances & tile countertops. 3 bedrooms and updated 3/4 bathroom...

Minneapolis, MN
3 Bed, 2 Bath, 1301 Sqft, 0.09 Acres
Residential
Coldwell Banker Burnet

MLS® #4963251

4424 Stevens Ave

$219,900

This S. Mpls gem will steal your heart w/ it's charm, beauty, & location! Sellers re-graded lot, added gutters, updtd kitch, restored wdwrk, & updtd mechanicals. Steps from...

Minneapolis, MN
2 Bed, 1 Bath, 1008 Sqft, 0.13 Acres
Residential
Keller Williams Integrity Realty

MLS® #4967637

Unit 308 - 1901 E Hennepin Ave

$209,900

Located in the NE Arts District featuring 12' ceilings, exposed brick wall, granite countertops, tons of natural light, and assigned parking. This meticulously maintained ...

Minneapolis, MN
1 Bed, 1 Bath, 720 Sqft
Residential
Bridge Realty, Llc

MLS® #4968592

Photo of Listing #4933270

2935 Tyler St Ne

$220,000

Welcome NE Mpls! The main level of this home is perfect for entertaining loved ones: let the warmth of natural woodwork welcome you into a generous front hall, living & din...

Minneapolis, MN
3 Bed, 1 Bath, 1134 Sqft, 0.12 Acres
Residential
Keller Williams Integrity Realty

MLS® #4933270

Need to sell your home?  Find out what it is worth.

Leave a Comment