Home Price Index (Middle Tier) for Minneapolis, Minnesota
MNXRMTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
251.85
Year-over-Year Change
2.35%
Date Range
1/1/1989 - 5/1/2025
Summary
The Home Price Index (Middle Tier) for Minneapolis, Minnesota tracks the average sale price of middle-tier homes in the Minneapolis metropolitan area. This metric is widely used by economists and policymakers to assess housing market trends 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 (Middle Tier) for Minneapolis, Minnesota is a key indicator of the local housing market. It provides a standardized measure of home price changes over time for middle-tier properties, which are typically considered more representative of the broader market than high-end or low-end homes.
Methodology
The index is calculated based on sales transaction data for single-family homes, townhouses, and condominiums in the Minneapolis metro area.
Historical Context
This housing price index is referenced by real estate analysts, mortgage lenders, and policymakers to understand market conditions and inform decisions.
Key Facts
- The Minneapolis middle-tier home price index is published monthly.
- Home prices in Minneapolis have risen by over 20% in the past 5 years.
- The Minneapolis metro area is one of the fastest-growing housing markets in the Midwest.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (Middle Tier) for Minneapolis, Minnesota tracks the average sale price of middle-tier, single-family homes, townhouses, and condos in the Minneapolis metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This housing price index is a key indicator of market conditions and affordability in the Minneapolis region, providing important insights for real estate professionals, mortgage lenders, and policymakers.
Q: How is this data collected or calculated?
A: The index is calculated based on sales transaction data for middle-tier residential properties in the Minneapolis metro area.
Q: How is this trend used in economic policy?
A: Policymakers and housing experts use this index to monitor home price trends, assess market stability, and inform decisions related to mortgage lending, zoning, and affordable housing initiatives.
Q: Are there update delays or limitations?
A: The Home Price Index (Middle Tier) for Minneapolis is published monthly with a short lag, providing timely data on market conditions.
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Citation
U.S. Federal Reserve, Home Price Index (Middle Tier) for Minneapolis, Minnesota (MNXRMTSA), retrieved from FRED.