Minneapolis

One of the most popular real estate markets for buying rental homes is Minneapolis’ real estate market. In 2022, Minneapolis’ metro area has a population of 3,690,261, steady growth from 2021. Minneapolis-based businesses are confident about growth and anticipate growing expenditures in machinery and equipment. Target, 3M, and Cargill have offices or corporate headquarters in Minneapolis. Employers based in the Twin Cities are increasing hiring as the economy grows. Even in the massive metropolis of Minneapolis, the rental housing market is more accessible to some millennials and people with small families than in other major cities. Real estate investing in Minneapolis is not a waste of money. According to Zillow.com, the median sales price of properties in Minneapolis, Minnesota, was $329,654 in August 2022, rising 4.9% from the previous year. The Sale-to-List Amount Ratio in August in Minneapolis, Minnesota, was 100%, indicating that residences there typically sold for close to the asking price.