Home/Minnesota/Hennepin County

Hennepin County Housing Market

Minnesota · 87 counties · Ranked #2873 in home value

Above National Avg

Housing at a Glance

Median Home Value

$376,500

vs national+$376,500 vs $281,900 national

Median Gross Rent

$1,439/mo

vs national+$1,439 vs $1,163 national

Effective Tax Rate

1.15%

vs national+1.15% vs 1.02% national

Median Household Income

$96,339

vs national+$96,339 vs $74,755 national

Affordability Ratio

3.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$4,337

Tax as % of Home Value

1.15%

Monthly Owner Cost

$1,788

Renter Income

$58,755

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Mortgage

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Home Search

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Similar Counties by Home Value

Walton County

Florida

$376,400

Anchorage Municipality

Explore Related Data

Frequently Asked Questions

What is the median home value in Hennepin County?

The median home value in Hennepin County is $376,500. This is above the national median of $281,900.

How much is rent in Hennepin County?

The median gross rent in Hennepin County is $1,439 per month.

What is the property tax rate in Hennepin County?

The effective property tax rate in Hennepin County is 1.15%. The median annual property tax bill is $4,337.

Is Hennepin County affordable?

With a home-value-to-income ratio of 3.9x, Hennepin County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.