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…
Hennepin County is cooling and fairly valued — very affordable for what people here earn.
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
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 →
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?
Are home prices in Hennepin County rising or falling?
Is Hennepin County affordable?
What is the rental yield in Hennepin County?
How fast do homes sell in Hennepin County?
| Year | Median 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 |