Posted in: Infographics, Buying a home

Infographic: Minneapolis is ranked the second worst city for renters

For decades, we’ve heard of New Yorkers dealing with impossibly increasing rental costs. What if we told you that Forbes ranked Minneapolis as the second worst city for renting after New York City?

We were surprised, too, until we looked at all the factors leading into this ranking. In the below infographic, we show how the market has shifted to make buying in the Twin Cities more affordable than renting.

Infographic Minneapolis renters

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings