DollarTimes
You are Here:
DollarTimes.com > Mortgage > Minnesota > Minneapolis
Minneapolis, Minnesota Mortgage and Housing Information
Population: 382,618
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Value of Houses and Condos
| U.S. | Minnesota | Minneapolis | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $208,200 | $230,300 |
Monthly Owner Costs
| U.S. | Minnesota | Minneapolis | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,436 | $1,535 |
| Without a mortgage | $399 | $400 | $497 |
Ownership of Houses and Condos
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 19,585 | 23.3% |
| First Mortgage Only | 43,385 | 51.6% |
| Second Mortgage and/or Home Equity Loan | 21,186 | 25.2% |
| Total | 84,156 | 100% |
Tenancy in Minneapolis
| Owner-occupied homes | 84,156 |
|---|---|
| Renter-occupied homes | 71,490 |
| Homes for sale | 2,642 |
| Homes for rent | 7,380 |
| Total | 172,654 |
Age of Minneapolis Residents
| Males | 30 |
|---|---|
| Females | 31 |
Income
| U.S. | Minnesota | Minneapolis | |
|---|---|---|---|
| Median Earnings | $27,239 | $30,174 | $26,561 |
| Median Earnings, Males | $32,396 | $36,337 | $30,452 |
| Median Earnings, Females | $22,097 | $23,932 | $22,983 |
Males earn $7,469 (32.5%) more than Females in Minneapolis.
Commuting in Minneapolis
| Means of Transport | Number of People |
|---|---|
| Car, solo | 125,583 |
| Carpooled | 23,132 |
| Public Transit | 29,681 |
| Bicycle | 3,856 |
| Walking | 13,488 |
| Other Means | 1,275 |
| Total, Commuted | 197,015 |
| Worked from home | 6,936 |
| Total | 203,951 |
Time Spent Commuting in Minneapolis
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 4,451 |
| 5-9 | 16,146 |
| 10-14 | 30,737 |
| 15-19 | 42,141 |
| 20-24 | 41,797 |
| 25-29 | 14,514 |
| 30-34 | 25,978 |
| 35-39 | 3,449 |
| 40-44 | 3,981 |
| 45-59 | 6,495 |
| 60-89 | 4,719 |
| Over 90 | 2,607 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 23,005 | 19.2% | 20,183 | 16.8% |
| Associate Degree | 6,544 | 5.5% | 8,939 | 7.5% |
| Bachelor's Degree | 29,427 | 24.6% | 32,033 | 26.7% |
| Master's Degree | 9,248 | 7.7% | 13,363 | 11.2% |
| Professional Degree | 4,447 | 3.7% | 2,418 | 2.0% |
| Doctorate Degree | 2,915 | 2.4% | 2,228 | 1.9% |
| Total (at least some college) | 75,586 | 63.1% | 79,164 | 67.2% |
| Total over 25 | 119,803 | 100% | 117,752 | 100% |
Comments on Minneapolis
Latest comment on Minneapolis
July 24th, 2008
Cool, young city with lots to do. Target is based here. Really cold in the winter, but at least it’s affordable
Mortgage Calculator
What Will Your Monthly Payment Be?
© HBrothers 2007. Contact us |
About us
July 24th, 2008
Cool, young city with lots to do. Target is based here. Really cold in the winter, but at least it’s affordable
– Unregistered User
July 23rd, 2008
Minneapolis has a reputation as one of the most literate cities in the US. It also has probably the worst weather of any major American city: unbearably cold in the winter and stifling hot in the summer. Also home to the Mall of America, the city seems to have a lot of traffic and sprawl. In the 1990’s the city had a crime epidemic and earned the nickname “Murderapolis”, though things have improved somewhat. The city is beloved by its citizens, and real estate is pricier than other places in the Midwest. It is also Prince’s hometown.
– Dan