$309,000
Median home value
$84,313
Median household income
Historical data
Coming soon
Long-run charts for this indicator are on the way.
Compared to the United States
| Indicator | Minnesota | United States |
|---|---|---|
| Price-to-income ratio | 3.7 | 5 |
National ranking
Minnesota ranks #9 of 35 states by home value-to-income ratio.
| #1 | Oklahoma | 2.9 |
| #2 | Illinois | 3.1 |
| #3 | Ohio | 3.2 |
| #4 | Indiana | 3.3 |
| #5 | Michigan | 3.4 |
| #6 | Pennsylvania | 3.5 |
| #7 | Missouri | 3.5 |
| #8 | Wisconsin | 3.6 |
| #9 | Minnesota | 3.7 |
| #10 | Virginia | 4.2 |
| #11 | Georgia | 4.4 |
| #12 | North Carolina | 4.5 |
| #13 | Delaware | 4.6 |
| #14 | Tennessee | 4.6 |
| #15 | New Jersey | 4.9 |
| #16 | Utah | 5.3 |
| #17 | Rhode Island | 5.4 |
| #18 | Maine | 5.4 |
| #19 | New York | 5.5 |
| #20 | Arizona | 5.6 |
| #21 | Nevada | 5.9 |
| #22 | Colorado | 5.9 |
| #23 | Massachusetts | 6 |
| #24 | Oregon | 6.1 |
| #25 | Washington | 6.1 |
| #26 | Montana | 6.4 |
| #27 | Wyoming | 12 |
| #28 | New Mexico | 18 |
| #29 | Vermont | 30 |
| #30 | New Hampshire | 78 |
| #31 | Texas | 84 |
| #32 | South Dakota | 88 |
| #33 | Florida | 105 |
| #34 | Louisiana | $4,700 |
| #35 | Kentucky | $186,000 |
Overview
Housing affordability in Minnesota remains better than the national average, with a median home value of $309,000 against a median household income of $84,313. Key figures for Minnesota include Median home value of $309,000 and Median household income of $84,313, offering a clear snapshot of housing affordability in the state. Understanding housing affordability helps residents, businesses and policymakers compare Minnesota to national and regional benchmarks.