Housing

Housing
Northeastern Minnesota consistently offers a variety of housing options for all income levels.

Private home values in northeastern Minnesota (from northlandconnection.com)

NE MN Average selling price: $165,933
NE MN Median selling price: $142,759
Minneapolis/St Paul median selling price: $184,800  

Minnesota's high standard of living allows its residents to enjoy a home ownership rate five percentage points higher than the national average.

With a homeownership rate of 73.1 percent, the state ranks 14th highest nationwide, surpassing other states in the Midwest.

And, Minnesota’s foreclosure rate (0.46 percent or 1 in 217 homes) is lower than the national average (0.74 percent or 1 in 136 homes).

Apartments

Average rent in northeastern Minnesota: $350
Vacancy rate N/A