Median Home PriceBETTER
$374,793.3
Median RentBETTER
$1,742.74/mo
Price-to-Rent Ratio
17.9
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+2.2%
Price Change (5Y)BETTER
+10.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$199,871
Median Home Price
$428,543.83
Median Rent
$2,015.34/mo
Price-to-Rent RatioBETTER
17.7
Property Tax RateTIE
1.13%
Price Change (1Y)
+1.6%
Price Change (5Y)
+7.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$241,683
Key Differences
Home Prices
Minneapolis's median home price of $374,793.3 is lower than Woodbury's $428,543.83 by 13%.
Monthly Rent
Renting in Minneapolis costs $1,742.74/mo compared to $2,015.34/mo in Woodbury—a difference of $272.6/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.