Minnesota Property Records & Home Prices

The state of Minnesota has an average real estate price of $301,024 with over 5.5 million residents. With a relatively lower property pricing median compared to other states, Minnesota is an attractive area for beginner investors, first-time homebuyers, and local business owners seeking to reduce upfront costs.

Research data centers are in high demand in Minnesota because it's the location for the Minnesota Research Data Center (MnRDC), supported by the Office of the Vice President for Research and the Institute for Social Research and Data Center.

Commercial properties, such as office buildings and logistics centers, can be profitable due to the state's unique government sector market.

Other key industries in Minnesota include advanced manufacturing, retail, and life sciences. Minnesota is the headquarters of the 5th largest Fortune 500 company, United Healthcare Group, and other global health leaders, like the Mayo Clinic. The state has the largest private health insurer in the U.S. and leads in the medical technology sector with pre-market FDA approvals.

The North Star State is also known as the “land of 10,000 lakes,” with vast acres of scenic lakes, attracting tourists and local outdoor recreation. Its natural landscapes enhance the value of waterfront properties for residential and commercial real estate.

The capital city, Minneapolis, is a sought-after location for investors seeking to diversify their portfolios. It's a major U.S. metro, which is home to the University of Minnesota, attracting consistent student housing demands for rental properties near campus. Other key sectors, like hospitality-focused CRE investments, can benefit from the cultural art and food scene in Minneapolis.

Rochester is the location of the Mayo Clinic, increasing local employment and the economy. This city also has more than 3,500 acres of parkland, attracting residents to move here due to its scenic environment.

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