Foreclosure Homes for Sale in Minneapolis, MN: Everything You Need to Know
Minneapolis and St. Paul make up the "Twin Cities" in Minnesota. These bordering cities create a beautiful skyline as their high-rise office buildings display historical and modern architecture. Known for a vibrant nightlife, downtown Minneapolis is the place to be. Minneapolis is also known for being one of the healthiest cities in the US. It offers many outdoor amenities to its residents to include an extensive park system that covers 17% of the town. Various worldwide known artists came from here, such as the singer-songwriter Prince, author F. Scott Fitzgerald, and actress and singer Judy Garland.
Plentiful Job Opportunities
Some of the top industries are manufacturing of electronics, milling, machinery, medical products, food processing, and graphic art. High-technology industries have also established a dominant presence in this city. UnitedHealth Group, Target, US Bancorp, and General Mills are four of sixteen Fortune 500 companies that have headquarters in Minneapolis.
The average annual salary is $62,876 or $30 an hour. The unemployment rate as of March 2020 is 2.9%. Jobs have grown at a 1.80% rate, and there are currently 243,648 employees in the city.
Minneapolis Real Estate: Housing Availability
You can find various styles of houses in Minneapolis.
The classic Colonial style of the 1850s is very boxy and has 2–2.5 stories.
Italianate style homes are from 2–3 stories high and mimic Italian villas.
Craftsman Bungalows came about in the 1900s and display detailed woodwork and clean lines.
Stucco exterior walls and red clay tile roofs are staples of the Spanish Mission style housing built during the 1900s-1940s.
The need for larger, single-story structures came about in the 1950s, and thus the Ranch style house or "ramblers" were built. These cookie-cutter homes are very common in the suburbs.
Houses sell for a median price of $310,000, up by 8.8% since last year. Housing rental rates go for about $1,790 on average, and 43% of residents rent versus own their homes.
The climate in Minneapolis, MN, is composed of long cold winters and short warm and wet summers. The warm season lasts for a little under five months, and the cold season runs from October through April. Temperatures range between an average of 9°F to 83°F, and most days are partly cloudy.
The best time to visit the city is from mid-June to early September when the warm weather allows for outdoor activities. The rainy season is at its peak during the summer months. Winters are beautiful as snow covers the city streets. Minnesota is prone to severe snowstorms in the winter.