Posted in: Buying a home, Market insights

Minneapolis one of the fastest growing cities

Minneapolis fastest growing city

A recent report from Forbes investigated what cities are growing the fastest, and Minneapolis was among the leaders.

To determine the fastest growing cities, Forbes assessed the nation's 100 largest metropolitan areas for six different metrics – including population growth, job and economic growth and unemployment rates.

By this measure, Minneapolis was the 17th fastest-growing city in the nation. But aside from its strong population growth (a rate of 1.01 percent in 2013), Minneapolis enjoys a number of other advantages for those looking to move to the area.

According to the Forbes report, median pay in the Minneapolis-St. Paul-Bloomington metropolitan area is $63,400.

Speaking of good business practices, the unemployment rate in Minneapolis is 4.37 percent, well below the national rate of 6.6 percent. This isn’t too surprising – last year, Forbes called Minnesota the 8th best state in the nation for business.

Join over {{'43232' | number}} subscribers

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