Real Estate Price Maphome prices by county

Hennepin County, MN home prices

Hennepin County, MN: the typical home is worth $394,932 as of 2026-05, up +2.1% over the past year and +161.2% since 2000. Listings run about $225/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Hennepin County is cooling and fairly valued — very affordable for what people here earn.

Momentum+2.1%Cooling
Valuation+10%Fair value
Affordability8/10Very affordable
Market37 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1975: $34,624 → 2026: $394,932 (11.4×) pre-2000 estimated via FHFA index

Typical value$394,9322026-05
1-year+2.1%
5-year+11.3%
10-year+53.2%
Since 2000+161.2%
Population1.27M2024
Median income$93,6422023 · 4.2× income
Median rent$1,766/mo2026 · 5.4% gross yield
New homes/yr3,9192024
Price / sq ft$225listings
Days on market372026-06
Active listings3,1082026-06
Price cuts16%of listings

Market read

At $394,932, homes in Hennepin County sit 45% above the Minnesota median ($272,151) and 69% above the US median ($233,954). That ranks #7 of 87 Minnesota counties by price.

Prices are holding steady (+2.1% in the last year) — a balanced market.

Homes here move at a steady pace — a median 37 days on the market, with 16% of listings cutting their asking price.

At 4.2× local income, that's pricier than the typical US county (~3.8×).

Prices here sit roughly in line with what local incomes and rents imply at the typical US multiple.

Rent and buy are close — ~$1,949/mo to buy (P&I, 20% down) vs $1,766/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Ramsey County, MN ($343,939) · Carver County, MN ($493,424) · Anoka County, MN ($377,761) · Scott County, MN ($448,003) · Wright County, MN ($397,230) · Washington County, MN ($448,259)

Frequently asked questions

What is the average home price in Hennepin County, MN?
The typical home in Hennepin County is worth $394,932 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Hennepin County rising or falling?
Prices are up +2.1% over the past year and +161.2% since 2000 — a balanced market.
Is Hennepin County affordable?
At 4.2× the local median income of $93,642, Hennepin County is pricier than the typical US county.
What is the rental yield in Hennepin County?
Median rent is $1,766/mo — a gross rental yield of 5.4% on the typical home.
How fast do homes sell in Hennepin County?
Homes here take a median of 37 days to sell, with 16% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$151,222
2001$171,569
2002$195,416
2003$214,023
2004$232,091
2005$250,835
2006$264,290
2007$264,580
2008$254,440
2009$227,961
2010$220,818
2011$208,533
2012$187,500
2013$206,327
2014$227,949
2015$236,431
2016$250,914
2017$266,409
2018$285,954
2019$304,439
2020$316,373
2021$338,142
2022$365,148
2023$375,992
2024$381,295
2025$388,087
2026$394,994