House Prices

Central Minneapolis, MN House Prices & Home Values 2026


Average Data

average house price$243,084
average size per house1269 ft²
average price per ft²202 $ / ft²

04/17/2026 - The value range (VR) for house prices in Central Minneapolis, MN is $191.9/ sqft to $212.1/ sqft. An average home with 1269 sqft costs approximately $255,698 to $282,613. Minneapolis, MN includes 1 ZIP codes and it is located in Hennepin county. The lowest prices are found in ZIP 55407, while the highest are in ZIP 55407. The average price per sqare feet is $202. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Central Minneapolis

55407201 $ / ft²




Historical development of home values in Central Minneapolis

Year Estimated value (USD) Change vs. 2025
2010 $112,893 -53.6%
2011 $108,527 -55.4%
2012 $108,235 -55.5%
2013 $112,280 -53.8%
2014 $117,863 -51.5%
2015 $123,913 -49.0%
2016 $130,379 -46.4%
2017 $137,416 -43.5%
2018 $145,013 -40.3%
2019 $151,737 -37.6%
2020 $159,582 -34.4%
2021 $181,507 -25.3%
2022 $211,596 -13.0%
2023 $223,138 -8.2%
2024 $236,047 -2.9%
2025 $243,084 0.0%

Graph: estimated home values in Central Minneapolis over time (USD)



Example: 100% financing house in Central Minneapolis

Loan amount: $243,084

Interest rate: 6.30%

Fixed monthly payment: $1,504.62

Breakdown in the 1st month:
Interest portion: $1,276.19  –  Principal portion: $228.43

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,233.74 $2,821.75 $240,262.25
2 $15,050.74 $3,004.74 $237,257.51
3 $14,855.88 $3,199.60 $234,057.91
4 $14,648.38 $3,407.10 $230,650.81
5 $14,427.43 $3,628.06 $227,022.75
6 $14,192.14 $3,863.34 $223,159.41
7 $13,941.60 $4,113.88 $219,045.52
8 $13,674.81 $4,380.67 $214,664.85
9 $13,390.72 $4,664.77 $210,000.08
10 $13,088.20 $4,967.28 $205,032.80
11 $12,766.07 $5,289.42 $199,743.38
12 $12,423.04 $5,632.44 $194,110.94
13 $12,057.77 $5,997.72 $188,113.22
14 $11,668.81 $6,386.68 $181,726.54
15 $11,254.63 $6,800.86 $174,925.68
16 $10,813.58 $7,241.91 $167,683.78
17 $10,343.93 $7,711.55 $159,972.22
18 $9,843.83 $8,211.66 $151,760.57
19 $9,311.29 $8,744.19 $143,016.37
20 $8,744.22 $9,311.27 $133,705.11
21 $8,140.37 $9,915.12 $123,789.99
22 $7,497.36 $10,558.12 $113,231.87
23 $6,812.65 $11,242.83 $101,989.04
24 $6,083.54 $11,971.94 $90,017.09
25 $5,307.14 $12,748.34 $77,268.75
26 $4,480.40 $13,575.09 $63,693.66
27 $3,600.03 $14,455.45 $49,238.21
28 $2,662.58 $15,392.91 $33,845.30
29 $1,664.33 $16,391.16 $17,454.15
30 $601.34 $17,454.15 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Central Minneapolis, MN


1500 sqft3900 sqft
Ø selling price$384,962$818,919
Ø fast selling$349,966$737,027
Ø high price sale$419,959$900,810

In 2026, houses in Central Minneapolis, MN will be offered at an average price of $202 per square foot. A 1,500 sqft home priced at $384,962 is 24.15% more expensive per square foot than a 3,900 sqft home priced at $818,919. Home prices in Central Minneapolis, MN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $566,944. Sellers who can wait longer may achieve a higher price of up to $692,931.


Explore the Central Neighborhood in Minneapolis, MN

Location, Housing, Amenities, and Transit

The Central neighborhood in Minneapolis MN blends historic character with urban convenience in the heart of South Minneapolis. Anchored by Lake Street and Chicago Avenue corridors, Central offers quick access to downtown Minneapolis and regional attractions. Home styles range from classic Craftsman and foursquare houses to updated multiunit buildings, appealing to renters and buyers seeking value and character. Buyers exploring Central real estate will find walkable blocks, tree lined streets, and proximity to everyday amenities like groceries, pharmacies, and local services.


Dining options span taquerias, coffee shops, and global eateries along Lake Street, with beloved local businesses fostering a strong sense of place. Parks such as nearby Powderhorn Park, plus neighborhood pocket greens, provide space for sports, picnics, and community events. Commuters appreciate multiple bus routes, bike friendly streets, and fast connections to I-35W and the METRO Blue Line stations a short hop away. The area?s walkability and bike lanes are complemented by reliable public transportation for easy car free living. Families and learners benefit from access to Minneapolis Public Schools, libraries, and youth programs within minutes of most homes. Whether you are searching for homes for sale in Central Minneapolis or planning a weekend exploration, this vibrant neighborhood delivers location, value, and authentic Minneapolis energy.



FAQ – Home Values in Central Minneapolis

What is the median home value in Central Minneapolis in 2026?

In 2026, the typical home value in Central Minneapolis is about $243,084 for an average home size of 1269 square feet. This corresponds to an average price of roughly $202 per square foot.

What is the average cost per square foot in Central Minneapolis?

In 2026, homes in Central Minneapolis sell for an average of around $202 per square foot, with a typical range between $191.9 and $212.1 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Central?

The average home size in Central Minneapolis is about 1269 square feet, with an estimated 2026 value around $243,084.



Neighborhoods close to Central Minneapolis, MN

Lyndale Minneapolis, MN230 $ / ft²
Taconite Harbor Schroeder, MN168 $ / ft²
Giants Ridge Biwabik, MN125 $ / ft²
Downtown West Minneapolis, MN293 $ / ft²
Downtown Excelsior Excelsior, MN295 $ / ft²
Chanhassen Hills Chanhassen, MN238 $ / ft²
  imprint  Privacy