Ownership of occupied units in Minneapolis, Minnesota
Minneapolis housing data shows 53.5% of occupied units are renter occupied and 46.5% are owner occupied, based on ACS 2024 1-year estimates.
Minneapolis has more renter-occupied than owner-occupied housing, according to ACS 2024 1-year data. Of the city’s 194,480 occupied housing units, 53.5% are renter occupied, while 46.5% are owner occupied. This makes Minneapolis notably more renter-oriented than the Minneapolis–St. Paul metro area, Minnesota, and the United States overall.
By comparison, owner-occupied housing accounts for 69.9% of occupied units in the metro area, 71.6% statewide, and 65.3% nationally. Minneapolis renters make up 53.5% of occupied units, compared with 30.1% in the metro area, 28.4% in Minnesota, and 34.7% across the U.S.
This housing pattern reflects Minneapolis’s urban character, with a larger share of apartments, multifamily housing, and rental households than surrounding communities. The city’s homeownership rate remains below regional, state, and national levels, while its renter share is substantially higher.
Citation: U.S. Census Bureau (2024). American Community Survey 5-year estimates. Retrieved from Census Reporter Profile page for Minneapolis, MN<http://explore.rayleighintelligence.net/profiles/16000US2743000-minneapolis-mn/>
