19. Minneapolis, Minnesota
Minneapolis stands out as one of Minnesota’s most expensive real estate markets, supported by a strong regional economy and a wide variety of cultural amenities. Buyers gravitate toward lakefront neighborhoods, historic districts, and upscale residential areas that command premium prices.
Housing costs vary widely from neighborhood to neighborhood, but top-tier districts regularly surpass metro averages. Areas offering recreation, water access, or proximity to downtown tend to attract affluent buyers and investors.
As a major economic hub in the Upper Midwest — home to multiple Fortune 500 companies — Minneapolis maintains high demand for housing. Job growth and corporate presence help sustain elevated home values.
Living expenses beyond housing also contribute to the city’s overall premium. Groceries, utilities, and services often cost more than in surrounding regional markets, reflecting the pricing structure typical of large metropolitan centers.
The broader Twin Cities area consistently ranks among the costliest housing markets in the region, with Minneapolis serving as a major driver of these expenses.
