Showing latest year with year-over-year changes. Full permit history available with a paid plan. View plans →
Year
Insightsi
Construction activity in 2024 was down 70.4% from the prior year, with 452 housing units permitted.
- •Below-average activity — less than half the typical pace.
- •555% more units than the average Hennepin County town (69), suggesting faster-than-typical growth.
- •Average unit valued at $334K — 12% above the Hennepin County average of $299K, indicating higher-end construction.
- •85.6% of new units were multi-family (apartments, condos, duplexes).
Total Unitsi
452 ▼ 70.4%
2024
Total Valuei
$151.2M ▼ 66.6%
2024
Single-Familyi
14.4%
65 units
Multi-Familyi
85.6%
387 units
Minneapolis vs. Avg. Hennepin Co. Town (2024)i
MinneapolisAvg.Diff
Total Unitsi45269+555%
Total Valuei$151.2M$20.6M+634%
Single-Familyi6546+41%
Multi-Familyi38723+1583%
Buildingsi8947+89%
Value / Uniti$334K$299K+12%
Housing Units Permittedi
Solid line is Minneapolis; dashed line is Hennepin County average.
Construction Valuei
Solid line is Minneapolis; dashed line is Hennepin County average.