Minnesota Affordability
How affordable is Minnesota real estate?
Public Record + Census ACS
Median Home Price
$403.9K
Median Household Income
$84,313
Affordability Index
4.79
vs National Avg
-29.8%
Cities in Minnesota by Affordability
| # | City | Median Price | Index |
|---|---|---|---|
| 1 | Sartell | $235.9K | 2.80 |
| 2 | Winona | $238.8K | 2.83 |
| 3 | Saint Cloud | $264.7K | 3.14 |
| 4 | Brainerd | $275.8K | 3.27 |
| 5 | Burnsville | $333.7K | 3.96 |
| 6 | Moorhead | $343.7K | 4.08 |
| 7 | Apple Valley | $346.9K | 4.11 |
| 8 | Waconia | $348.3K | 4.13 |
| 9 | Isanti | $350.2K | 4.15 |
| 10 | Owatonna | $351.9K | 4.17 |
| 11 | Cambridge | $351.5K | 4.17 |
| 12 | Brooklyn Park | $356.3K | 4.23 |
| 13 | Blaine | $360.1K | 4.27 |
| 14 | Elk River | $385.9K | 4.58 |
| 15 | Rochester | $391.3K | 4.64 |
| 16 | Bloomington | $397.6K | 4.72 |
| 17 | Woodbury | $420.1K | 4.98 |
| 18 | Farmington | $421.2K | 5.00 |
| 19 | Minneapolis | $441K | 5.23 |
| 20 | Maple Grove | $451.1K | 5.35 |
| 21 | Duluth | $461.1K | 5.47 |
| 22 | Lakeville | $465.6K | 5.52 |
| 23 | Shakopee | $465.9K | 5.53 |
| 24 | Saint Paul | $477.7K | 5.67 |
| 25 | Byron | $490.8K | 5.82 |
| 26 | White Bear Lake | $511.5K | 6.07 |
| 27 | Minnetonka | $523.7K | 6.21 |
| 28 | Prior Lake | $714.1K | 8.47 |
| 29 | Eden Prairie | $767.6K | 9.10 |
| 30 | Edina | $1.14M | 13.47 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.