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Investor-friendly real estate agents in Minneapolis, MN
We match investors with vetted Minneapolis-area agents who own rentals, run the numbers, and know the local rules. Free for investors.
Get matched in Minneapolis7 vetted investor agents across the Minneapolis metro
The Twin Cities are a steady, slow-appreciation market with landlord rules that vary a lot by city. Typical home values across the metro are about $389,000 against typical rent of about $1,720, roughly 0.44% a month, so a median-priced rental financed at today's rates doesn't cash flow. Home values have been nearly flat for a year (up about 2%), while rents rose about 3.5%. The metro keeps growing, to about 3.79 million people in 2025, and after net outflows from 2020 to 2023, more Americans moved in than out in 2024 and 2025. Minnesota requires a 14-day notice before a nonpayment eviction, Minneapolis licenses every non-owner-occupied rental, and St. Paul next door has rent stabilization. Our seven vetted agents include multifamily specialists, investors who run rehabs and property management companies, and a managing broker of an investor-focused brokerage.
Duplexes up through larger apartment buildings. Three of our partners list multifamily as a specialty, and one owns larger multifamily alongside dozens of singles and duplexes.
Buying, rehabbing and holding or reselling, with partners who run rehabs themselves.
Long-term rentals, with partners who own property management companies, including one managing 190+ units.
Underwriting help from a managing broker of 20+ years who built her own investment-analysis software.
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Is Minneapolis worth investing in? The long-term trends
People, jobs, rents and prices for the Minneapolis-St. Paul-Bloomington metro, straight from the Census Bureau, the Bureau of Labor Statistics and Zillow. Hover or tap a chart for exact values.
View data table
| Period | Value |
|---|---|
| 2010 | 3,340,952 |
| 2011 | 3,378,195 |
| 2012 | 3,414,538 |
| 2013 | 3,453,198 |
| 2014 | 3,492,373 |
| 2015 | 3,523,710 |
| 2016 | 3,562,548 |
| 2017 | 3,603,488 |
| 2018 | 3,640,864 |
| 2019 | 3,672,645 |
| 2020 | 3,694,131 |
| 2021 | 3,692,614 |
| 2022 | 3,700,187 |
| 2023 | 3,721,774 |
| 2024 | 3,760,895 |
| 2025 | 3,790,295 |
View data table
| Period | Value |
|---|---|
| 2011 | +121 |
| 2012 | -270 |
| 2013 | +3,086 |
| 2014 | -483 |
| 2015 | -7,029 |
| 2016 | +117 |
| 2017 | +8,051 |
| 2018 | +6,653 |
| 2019 | +2,480 |
| 2020 | -4,789 |
| 2021 | -18,059 |
| 2022 | -19,253 |
| 2023 | -9,757 |
| 2024 | +480 |
| 2025 | +7,690 |
View data table
| Period | Value |
|---|---|
| 2010 | 1,713,200 |
| 2011 | 1,750,100 |
| 2012 | 1,778,900 |
| 2013 | 1,815,300 |
| 2014 | 1,845,100 |
| 2015 | 1,878,400 |
| 2016 | 1,910,100 |
| 2017 | 1,942,700 |
| 2018 | 1,969,400 |
| 2019 | 1,984,700 |
| 2020 | 1,845,100 |
| 2021 | 1,888,700 |
| 2022 | 1,939,300 |
| 2023 | 1,969,100 |
| 2024 | 1,985,800 |
| 2025 | 1,995,500 |
View data table
| Period | Value |
|---|---|
| Dec 2015 | $1,160/mo |
| Dec 2016 | $1,211/mo |
| Dec 2017 | $1,275/mo |
| Dec 2018 | $1,333/mo |
| Dec 2019 | $1,389/mo |
| Dec 2020 | $1,406/mo |
| Dec 2021 | $1,478/mo |
| Dec 2022 | $1,529/mo |
| Dec 2023 | $1,567/mo |
| Dec 2024 | $1,611/mo |
| Dec 2025 | $1,680/mo |
| Sep 2026 | $1,736/mo |
View data table
| Period | Value |
|---|---|
| Dec 2010 | $193,675 |
| Dec 2011 | $174,336 |
| Dec 2012 | $187,872 |
| Dec 2013 | $209,323 |
| Dec 2014 | $219,528 |
| Dec 2015 | $233,242 |
| Dec 2016 | $248,270 |
| Dec 2017 | $265,466 |
| Dec 2018 | $282,003 |
| Dec 2019 | $294,108 |
| Dec 2020 | $317,625 |
| Dec 2021 | $352,268 |
| Dec 2022 | $367,352 |
| Dec 2023 | $371,296 |
| Dec 2024 | $378,095 |
| Dec 2025 | $384,945 |
| Sep 2026 | $387,807 |
View data table
| Period | Value |
|---|---|
| Dec 2015 | 16.8× |
| Dec 2016 | 17.1× |
| Dec 2017 | 17.4× |
| Dec 2018 | 17.6× |
| Dec 2019 | 17.6× |
| Dec 2020 | 18.8× |
| Dec 2021 | 19.9× |
| Dec 2022 | 20.0× |
| Dec 2023 | 19.7× |
| Dec 2024 | 19.6× |
| Dec 2025 | 19.1× |
| Sep 2026 | 18.6× |
Data retrieved October 16, 2026. Figures cover the Minneapolis-St. Paul-Bloomington metro area.
The numbers and rules that matter in Minneapolis
Zillow Home Value Index, Minneapolis-St. Paul-Bloomington metro, Sep 2026 (+1.7% YoY).
Zillow Observed Rent Index, all home types, Sep 2026 (+3.5% YoY). Single-family 3-beds rent higher.
Typical rent ÷ typical home value. Well under the 1% rule; plan on cash flow from buying right, not from rents.
Over the past year: home values +1.7%, rents +3.5%.
Minnesota and Minneapolis landlord-tenant basics
Minnesota's landlord-tenant law is in Minn. Stat. ch. 504B, and it's more tenant-protective than most of the Midwest. Cities can add their own licensing rules, and St. Paul has rent stabilization. The points investors ask about most:
- Nonpayment: since January 1, 2024, you must deliver a written notice with an itemized amount owed and give the tenant 14 days to pay or move before filing an eviction (§ 504B.321). If a city requires a longer notice period, that applies instead.
- Security deposit: return it with 1% simple annual interest, or give a written statement of deductions, within 21 days after the tenancy ends (§ 504B.178). Wrongful withholding costs the withheld amount plus an equal penalty, and bad faith can add up to $500 per deposit.
- Late fees: only if the lease says so in writing, and never more than 8% of the overdue rent (§ 504B.177).
- Entry: a good-faith effort at 24 hours' notice, with a time window, and only between 8 a.m. and 8 p.m. unless the tenant agrees otherwise or there's an emergency (§ 504B.211).
- Rent control: Minnesota cities can regulate rent only with voter approval (§ 471.9996). Minneapolis voters gave the City Council that power in 2021, but it hasn't adopted a rent control ordinance as far as we could find. St. Paul's voter-approved ordinance caps most increases at 3% a year, with exceptions; the city amended it in 2025, and buildings first occupied after 2004 are now exempt.
- Rental license: Minneapolis requires a rental license for any dwelling unit the owner doesn't live in. Licenses are tiered, and Tier III properties can't be used as short-term rentals. Many suburbs license rentals too.
- Zoning: the Minneapolis 2040 plan allows up to three units on most residential lots, and the city is still building triplexes under it. A court order paused parts of the plan in 2023, so confirm zoning for a specific lot.
Short-term rental rules in Minneapolis
Minneapolis requires every short-term rental (under 30 days) to be registered or licensed, and platforms must remove listings without a valid number:
- Homestead vs. investor property: if the rental is your homesteaded home and you leave while guests stay, you need a short-term rental registration. A non-homestead property rented short-term on an ongoing basis needs a short-term rental license.
- Limits: an owner, including through an LLC, can have one short-term rental in Minneapolis in addition to their homesteaded property. In larger buildings, no more than 10% of units can be STRs (condos are exempt from that cap).
- No registration is needed to rent a room in your home while you're there, or for stays of 30 days or more.
- Taxes: stays under 30 days owe Minnesota sales tax plus local lodging taxes. Booking platforms that handle payment must collect and remit the tax; if you take bookings directly, you collect it yourself.
- St. Paul and the suburbs set their own STR rules, and HOA or condo rules can prohibit STRs anywhere.
Last reviewed October 15, 2026. General information, not legal or tax advice — rules and fees change, so confirm with the city, the statute, or your attorney before you rely on them. Sources: Zillow Research data (ZHVI, ZORI) — Minneapolis metro; Minn. Stat. § 504B.321 — Eviction complaint and 14-day notice; Minn. Stat. § 504B.178 — Security deposits; Minn. Stat. § 504B.177 — Late fees; Minn. Stat. § 504B.211 — Tenant's right to privacy (entry); Minn. Stat. § 471.9996 — Rent control; Minnesota Attorney General — Landlords and Tenants handbook; City of Saint Paul — Rent stabilization for landlords; City of Minneapolis — Rental license rules; City of Minneapolis — Short-term rentals; Minneapolis 2040 — Court order; City of Minneapolis — Housing levy-funded triplex (Oct 2025); Minnesota Department of Revenue — Short-term rentals.
Before you make an offer on a rental property, you need more than a gut feeling. Here is the step-by-step framework serious investors use to stress-test a deal on paper first.
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Questions investors ask about Minneapolis
How many investor-friendly agents do you have in Minneapolis?
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We currently work with 7 vetted agent partners across Minneapolis, St. Paul and the Twin Cities metro. They include multifamily specialists, investors who run rehabs and property management companies, and the managing broker of an investor-focused brokerage. Tell us your strategy, budget and target area and we'll match you with the ones that fit.
Is Minneapolis a good market for cash-flowing rentals?
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Not at median prices. Typical rent-to-price across the metro is about 0.44% a month, so a financed median-priced rental loses money. Rents are rising faster than prices, which helps over time. Cash flow comes from buying below median, small multifamily and value-add rehabs, underwritten on real taxes and licensing costs.
Does Minneapolis have rent control?
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Not as far as we could find. Voters gave the City Council the power to adopt it in 2021, but no ordinance has passed. St. Paul does have rent stabilization: most increases are capped at 3% a year, with exceptions, and buildings first occupied after 2004 are exempt. Check which city a property is in before you buy.
Can I run an Airbnb in Minneapolis?
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Yes, within limits. A homesteaded home needs a short-term rental registration, and a non-homestead property needs a short-term rental license. Each owner, including LLCs, can have only one STR besides their homestead, and buildings are capped at 10% STR units. Stays under 30 days owe state sales tax and local lodging taxes.
Is Minnesota landlord-friendly?
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Less than most of the Midwest. Nonpayment evictions require a 14-day notice first, deposits are due back with interest within 21 days, late fees are capped at 8%, and entry needs a good-faith 24-hour notice. Minneapolis also licenses every non-owner-occupied rental.
Can I invest in the Twin Cities if I live out of state?
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Yes. Several of our partners own and manage rentals here, including one with a property management company of 190+ units. Have your agent walk properties, attend inspections and set you up with management and a rental license before closing.
What does it cost to get matched with a Minneapolis agent?
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Nothing. Agents Invest is free for investors. The agent pays us a referral fee only if you close a deal with them.
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