Rent vs Buy in Minneapolis-St. Paul, MN

Minneapolis-St. Paul, MN Assumptions

Home Purchase
Ongoing Costs
Rental
Growth
Tax
Projection

Buy Net Worth

Rent Net Worth

Break-Even

Verdict

Net Worth Over Time — Minneapolis-St. Paul, MN

Year-by-Year Comparison

Year-by-year rent vs buy comparison for Minneapolis-St. Paul, MN
Year Buy
Net Worth
Rent
Net Worth
Difference Monthly
Buy Cost
Monthly
Rent

Cities & Towns in Minneapolis-St. Paul, MN

This calculator's defaults reflect the broader Minneapolis-St. Paul, MN metropolitan area, including:

  • Minneapolis
  • Saint Paul
  • Bloomington
  • Plymouth
  • Maple Grove
  • Woodbury
  • Eagan
  • Eden Prairie
  • Edina
  • Burnsville
  • Lakeville
  • Minnetonka
  • Apple Valley

Region: Midwest. Housing cost-of-living index: 116 (national avg = 100). Composite cost-of-living: 108.

About this Minneapolis-St. Paul, MN estimate

The default home price and rent come from the Minneapolis-St. Paul, MN metropolitan area's housing cost-of-living index applied to national 2025 medians ($420,000 home, $1,850/mo rent for a typical 2-3 BR). The property tax rate is the average effective rate for Minnesota per the Tax Foundation. These are starting points — adjust to match your specific listing, neighborhood, and tax bill.