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
69 Properties Found.
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Photo of Listing #5016454

5557 45th Ave S

$225,000

Come see this adorable 2 bedroom, 1 bath bungalow in the Morris Park area. Just a few steps from the VA hospital. Home offers an updated kitchen, an open flow to family d...

Minneapolis, MN
2 Bed, 2 Bath, 1302 Sqft
Residential
Themlsonline.com, Inc.

MLS® #5016454

Unit 1815 - 433 S 7th St

$219,000

Fully renovated, updated Baths & Kitchen. Exceptional detail work. California Closet Systems. Cambria countertops, raised vanities, paneled doors, professionally painted. U...

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

MLS® #5016505

2116 22nd Ave S

$215,000

Vibrant & contemporary Seward townhouse. Open floor plan with beautiful Brazillian hardwoods. Fall in love with the open kitchen featuring granite counters and stainless ...

Minneapolis, MN
3 Bed, 2 Bath, 1561 Sqft, 1.01 Acres
Residential
Keller Williams Integrity Re

MLS® #5014829

Photo of Listing #4999756

5624 26th Ave S

$225,000

This home is a "must see". It is full of surprises, one being how spacious it feels and secondly how natural light shines into the living spaces. The wood burning fireplac...

Minneapolis, MN
2 Bed, 1 Bath, 1357 Sqft, 0.11 Acres
Residential
Edina Realty, Inc.

MLS® #4999756

Photo of Listing #5015314

3511 26th Ave S

$219,900

Quality stucco 2 story home four short block to Light Rail Station!! Newly refinished birch floors in living room!! Ceramic floors in spacious dining room, huge eat in coun...

Minneapolis, MN
3 Bed, 1 Bath, 1205 Sqft, 0.11 Acres
Residential
Coldwell Banker Burnet

MLS® #5015314

Unit F702 - 110 1st Ave Ne

$209,900

Panoramic views of the Minneapolis skyline and River from this large one bedroom home at the Falls! Live in an amazing building with access to indoor pool, fitness center, ...

Minneapolis, MN
1 Bed, 1 Bath, 926 Sqft, 1.64 Acres
Residential
Downtown Resource Group, Llc

MLS® #5015169

Photo of Listing #5012770

4901 Thomas Ave N

$219,900

Charming 1 1/2 Style home with 3 bedrooms and 2 baths! Many upgrades such as: new paint throughout the house, carpet, blinds, light fixtures and many more! Original wood fl...

Minneapolis, MN
3 Bed, 2 Bath, 2255 Sqft, 0.22 Acres
Residential
Alliance Realty

MLS® #5012770

Photo of Listing #5014210

215 Lowry Ave Ne

$204,900

Come check out this unique 1900Â?s gem right in the heart of NE. Tons of room, charm and character to bring in your ideas and make this property yours. Wide open huge unfin...

Minneapolis, MN
4 Bed, 1 Bath, 1530 Sqft, 0.11 Acres
Residential
Keller Williams Integrity Realty

MLS® #5014210

2626 Plymouth Ave N

$220,000

Rare opportunity in Willard-Hay! Corner lot with access to everything - nature trails, bikes lanes, and bus lines! Open floorplan, generous bedrooms, great kitchen, and har...

Minneapolis, MN
4 Bed, 2 Bath, 1638 Sqft, 0.11 Acres
Residential
Keller Williams Integrity Realty

MLS® #5004673

Unit B - 3068 Lake Shore Dr

$208,900

Feel like you're living in a cozy tree house in this special 1-bed corner unit w/rooftop deck & balcony off the back. Surrounded by mature trees, with multiple large window...

Minneapolis, MN
1 Bed, 1 Bath, 736 Sqft, 0.21 Acres
Residential
Buyself, Inc

MLS® #5013297

Photo of Listing #5013757

3259 Vincent Ave N

$219,900

SEE NEW PIX!!! This house is beautifully renovated and just needs a few minor touch ups such as appliances and carpet to make this home perfect. Nice hardwood floors and up...

Minneapolis, MN
4 Bed, 2 Bath, 2048 Sqft, 0.1 Acres
Residential
Coldwell Banker Burnet

MLS® #5013757

Photo of Listing #5011751

5139 Russell Ave N

$200,000

Move-in ready home in beautiful Shingle Creek neighborhood! Steps to miles of walking/biking trails, ponds, creek & parks! Newer Roof, double-hung windows, ext paint & gara...

Minneapolis, MN
4 Bed, 2 Bath, 1400 Sqft
Residential
Edina Realty, Inc.

MLS® #5011751

Photo of Listing #5013013

908 27th Ave Ne

$210,000

Look no further! This well maintained 1.5 Story home with 3 Br, 1 Bath offers a formal dining room with a original built-in hatch, beautiful hardwood floors. original woodw...

Minneapolis, MN
3 Bed, 1 Bath, 1176 Sqft, 0.08 Acres
Residential
Good Move Realty

MLS® #5013013

Photo of Listing #5011911

Unit 304 - 111 E Franklin Ave

$211,000

Top floor condo loft in secure bldg near DT Minneapolis. 13ft open beam ceiling. 1BR + Den/Office space with spacious bath. 2 parking spaces; 1 in heated garage + 1 outside...

Minneapolis, MN
1 Bed, 1 Bath, 875 Sqft, 1.73 Acres
Residential
Coldwell Banker Burnet

MLS® #5011911

Photo of Listing #4979394

Unit 208 - 929 Portland Ave

$219,900

Live the lifestyle! Spacious 1 bed at Skyscape with large windows and patio facing South on quiet 10th Street. Fabulous layout with walk-in closet, open kitchen and new woo...

Minneapolis, MN
1 Bed, 1 Bath, 710 Sqft, 1.02 Acres
Residential
Downtown Resource Group, Llc

MLS® #4979394

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