Home Price Index (Low Tier) for Minneapolis, Minnesota
MNXRLTNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311.55
Year-over-Year Change
3.19%
Date Range
1/1/1989 - 5/1/2025
Summary
The Home Price Index (Low Tier) for Minneapolis, Minnesota measures changes in the sale prices of low-tier homes in the Minneapolis metropolitan area. This metric is closely watched by economists and policymakers as an indicator of regional housing market conditions and affordability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Home Price Index (Low Tier) tracks the sale prices of homes in the bottom third of the local price distribution. It provides insight into housing affordability and market dynamics for first-time and low-income homebuyers. The index is calculated based on repeat sales of the same properties over time.
Methodology
The data is collected and calculated by the Federal Housing Finance Agency using a proprietary repeat-sales methodology.
Historical Context
The Minneapolis home price index is a key input for evaluating local economic and housing policy decisions.
Key Facts
- The Minneapolis low-tier home price index has increased by 50% in the past decade.
- Low-income residents spend over 30% of their income on housing in Minneapolis.
- Homeownership rates are declining among younger and minority households in the region.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (Low Tier) for Minneapolis, Minnesota measures changes in the sale prices of homes in the bottom third of the local price distribution.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into housing affordability and market dynamics for first-time and low-income homebuyers in the Minneapolis region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Housing Finance Agency using a proprietary repeat-sales methodology.
Q: How is this trend used in economic policy?
A: The Minneapolis home price index is a key input for evaluating local economic and housing policy decisions, such as those related to affordability and homeownership.
Q: Are there update delays or limitations?
A: The home price index data has a short publication lag but may not fully capture rapid changes in local market conditions.
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Citation
U.S. Federal Reserve, Home Price Index (Low Tier) for Minneapolis, Minnesota (MNXRLTNSA), retrieved from FRED.