Maple Grove, Minnesota Housing Market Prices
Maple Grove Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% above the Minnesota median$309,616
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Median rent 46% above the Minnesota median$1,867
Housing Market Overview
| Metric | Maple Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $309,616 | $236,718 | $248,835 |
| Price Trend (Annual %) | 8.9% | 6.6% | 7.5% |
| Median Gross Rent | $1,867 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maple Grove is about 31% higher than in Minnesota. Rent is about 46% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Maple Grove, up about 8.9% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Maple Grove rose about 42.7% between 2015 and 2024, from $1,309 to $1,867. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Maple Grove.
Buying the median-priced home in Maple Grove costs roughly 13.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Maple Grove. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Maple Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $309,616 | $236,718 | $248,835 |
| Median Household Income | $131,194 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Maple Grove rose about 46.4%, while median household income rose about 35.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Maple Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.9% | 65.5% | 58.5% |
| Rental Rate | 17.2% | 25.2% | 31.2% |
| Vacancy Rate | 2.9% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Maple Grove has a homeownership rate of 79.9%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 2.9%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Maple Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1993 | 1976 | 1978 |
| Median Number of Rooms | 7.1 | 6.1 | 5.5 |
The typical housing unit in Maple Grove was built around 1993. On average, 2.6 people live in a home with about 7.1 rooms, staying for about 15.0 years on average.
Maple Grove, MN Housing Compared With Nearby Cities
How Maple Grove, MN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Maple Grove, MN | 71,244 | $309,616 #1/2 | $1,867 #1/2 | 82.3% #1/2 |
| Plymouth, MN | 79,324 | $59,714 | $1,767 | 75.2% |
Frequently Asked Questions
Common questions about the housing market in Maple Grove, Minnesota.
What is the median home price in Maple Grove, Minnesota?
The median home price in Maple Grove, Minnesota is $309,616, higher than the Minnesota average of $236,718.
What is the average home price in Maple Grove, Minnesota?
The typical home price in Maple Grove, Minnesota, reported as the median sale price, is $309,616. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Maple Grove, Minnesota?
The median gross rent in Maple Grove, Minnesota is $1,867 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Maple Grove in 2020?
In 2020, the median gross rent in Maple Grove, Minnesota was $1,609 per month.
What is the price-to-rent ratio in Maple Grove, Minnesota?
The price-to-rent ratio in Maple Grove, Minnesota is about 13.8, meaning it would take roughly 13.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Maple Grove.
Are home prices or rent rising faster in Maple Grove, Minnesota?
Both home prices and rent are rising in Maple Grove, up about 8.9% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maple Grove, Minnesota?
79.9% of households in Maple Grove, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Maple Grove, Minnesota?
The housing vacancy rate in Maple Grove, Minnesota is 2.9%, lower than the Minnesota average of 9.3%.
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