Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 1,268,903 ↓ 1.0% since 2020 |
| Median Household Income | $96,339 29% above national median |
| Median Home Value | $376,500 |
| Unemployment Rate | 4.3% |
| Median Age | 37.4 years |
| Housing Vacancy Rate | 5.3% |
| Total Land Sales (Past 12 Months) | 109 transactions |
| Active Listings | 179 properties |
| Avg Days on Market | 230 days |
Rural Land Sales (1+ Acres) (Mar 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $110,803 |
| Recent Sales | 61 transactions |
| Avg Days on Market | 211 days |
| Avg Parcel Size | 9.61 acres |
| Active Listings | 66 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Mar 2026New | 29.88 | $1,199,000 | $40,127 | 2515 Pioneer Trl | Hamel |
| Mar 2026New | 5.20 | $475,000 | $91,346 | 2211 Heritage Trl | Maple Plain |
| Feb 2026 | 3.61 | $400,000 | $110,803 | 25980 Smithtown Rd | Shorewood |
| Jan 2026 | 1.23 | $82,500 | $67,073 | 70th Ave N | Loretto |
| Jan 2026 | 39.83 | $1,350,000 | $33,894 | 2805 Pioneer Trl | Medina |
| Dec 2025 | 2.12 | $285,000 | $134,434 | 20120 Auger Ave | Hamel |
| Dec 2025 | 10.36 | $290,000 | $27,991 | 16700 Chankahda Trl | Plymouth |
| Nov 2025 | 1.39 | $2,900,000 | $2,086,331 | 5212 Dundee Rd | Edina |
| Nov 2025 | 1.48 | $2,900,000 | $1,959,459 | 5216 Dundee Rd | Edina |
| Nov 2025 | 2.06 | $625,000 | $303,398 | 2625B Fox St | Wayzata |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Nov 2025 | 3.31 | $245,000 | $74,018 | 8955 Grace Ln N | Loretto |
| Nov 2025 | 7.50 | $325,000 | $43,333 | Xxxx Hitsman Ln | Independence |
| Nov 2025 | 3.23 | $380,000 | $117,573 | 70 Address Unassigned | Maple Plain |
| Nov 2025 | 2.22 | $142,500 | $64,189 | Hayden Lake Rd E | Champlin |
| Nov 2025 | 3.92 | $270,000 | $68,878 | 49XX County Road 6 | Maple Plain |
| Oct 2025 | 1.43 | $1,150,000 | $804,196 | 10 Circle E | Edina |
| Oct 2025 | 3.23 | $380,000 | $117,647 | 2 Drake Dr | Maple Plain |
| Oct 2025 | 3.60 | $650,000 | $180,556 | 0 Old Crystal Bay Rd S | Orono |
| Oct 2025 | 25.87 | $787,500 | $30,441 | 8400 Trail Haven Rd | Hamel |
| Oct 2025 | 2.00 | $640,000 | $320,000 | 970 Honey Hl | Orono |
| Oct 2025 | 6.31 | $227,000 | $35,975 | 9074 Whisper Creek Trl | Rockford |
| Sep 2025 | 8.99 | $300,000 | $33,370 | 22130 97th Ave N | Rogers |
| Sep 2025 | 5.01 | $825,000 | $164,671 | 5555 Vagabond Ln N | Plymouth |
| Sep 2025 | 1.00 | $2,950,000 | $2,937,524 | 3055 N Shore Dr | Wayzata |
| Sep 2025 | 1.01 | $2,950,000 | $2,920,792 | 3055 N Shore Dr | Orono |
| Sep 2025 | 1.01 | $1,000,000 | $990,099 | 12735 Elevare Ct | Hopkins |
| Aug 2025 | 6.01 | $310,000 | $51,581 | 3920 Tomahawk Trl | Hamel |
| Aug 2025 | 7.37 | $340,000 | $46,133 | Nelson Rd | Delano |
| Aug 2025 | 2.90 | $1,000,000 | $344,828 | 14XX Fox St | Wayzata |
| Jul 2025 | 20.79 | $1,205,000 | $57,968 | 1735 Medina Rd | Long Lake |
| Jul 2025 | 20.79 | $1,205,000 | $57,961 | 1735 Medina Rd | Long Lake |
| Jul 2025 | 2.84 | $240,000 | $84,575 | 6312 Gustavus Dr | Independence |
| Jul 2025 | 8.79 | $265,000 | $30,148 | 8870 Vernon St | Rockford |
| Jul 2025 | 1.26 | $1,200,000 | $952,381 | 18035 Old Rockford Rd | Plymouth |
| Jul 2025 | 1.49 | $180,000 | $120,805 | 13050 Excelsior Blvd | Minnetonka |
| Jul 2025 | 1.55 | $1,552,915 | $1,001,599 | 76 Address Unassigned | Maple Grove |
| Jul 2025 | 3.58 | $500,000 | $139,665 | Maple View Ct | Excelsior |
| Jul 2025 | 3.41 | $290,000 | $85,044 | Mark St | Rockford |
| Jun 2025 | 2.00 | $500,000 | $250,000 | 990 Honey Hl | Long Lake |
| Jun 2025 | 4.74 | $365,000 | $77,004 | 9614 Crestwood Ter | Eden Prairie |
| Jun 2025 | 71.27 | $1,500,000 | $21,047 | 6 County Rd #X | Maple Plain |
| Jun 2025 | 78.85 | $8,900,000 | $112,868 | 10585 Cain Rd | Rogers |
| Jun 2025 | 33.10 | $1,200,000 | $36,254 | Heather Ln | Hamel |
| Jun 2025 | 5.60 | $267,000 | $47,679 | 22550 Chaparral Ln | Rogers |
| Jun 2025 | 2.61 | $289,000 | $110,728 | 4723 Lake Sarah Dr S | Maple Plain |
| May 2025 | 5.41 | $825,000 | $152,495 | 1900 Lakeside Trl | Long Lake |
| May 2025 | 29.50 | $430,000 | $14,576 | 9155 Underhill Ln | Rogers |
| May 2025 | 9.80 | $310,000 | $31,633 | Xxxx Pioneer Trl | Greenfield |
| May 2025 | 1.15 | $1,650,000 | $1,434,783 | 4070 Enchanted Ln | Mound |
| May 2025 | 22.52 | $250,000 | $11,102 | 92 Address Unassigned | Rogers |
| May 2025 | 1.00 | $1,000,000 | $1,000,000 | 12734 Elevare Ct | Hopkins |
| May 2025 | 1.84 | $425,000 | $230,978 | 445 Bovey Rd | Wayzata |
| Apr 2025 | 1.38 | $365,000 | $264,493 | 5501 Mayview Rd | Minnetonka |
| Apr 2025 | 7.13 | $315,000 | $44,180 | 9070 Ellery Ln | Rogers |
| Apr 2025 | 30.75 | $1,850,000 | $60,163 | Xxxxx Territorial Rd | Rogers |
| Apr 2025 | 10.01 | $425,000 | $42,458 | 92 Address Pending | Rogers |
| Mar 2025 | 2.27 | $252,000 | $111,013 | 11535 Trail Haven Rd | Rogers |
| Mar 2025 | 1.81 | $3,125,000 | $1,726,519 | 420 Highcroft Rd | Wayzata |
| Mar 2025 | 1.99 | $2,800,000 | $1,407,035 | 308 Ferndale Rd W | Wayzata |
| Mar 2025 | 1.37 | $3,500,000 | $2,554,745 | 3085 N Shore Dr | Wayzata |
| Mar 2025 | 2.27 | $265,000 | $116,740 | 11545 Trail Haven Rd | Rogers |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $215,000 |
| Recent Sales | 48 transactions |
| Avg Days on Market | 96 days |
| Avg Parcel Size | 0.34 acres |
| Active Listings | 113 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Mar 2026New | 0.34 | $135,000 | 15278 75th Ave N | Maple Grove |
| Mar 2026New | 0.95 | $280,000 | 12620 Overlook Rd | Dayton |
| Mar 2026New | 0.18 | $478,500 | 163 2nd St | Excelsior |
| Feb 2026 | 0.12 | $165,000 | 4540 46th Ave S | Minneapolis |
| Feb 2026 | 0.65 | $173,000 | 10309 Lakeview Dr W | Minnetonka |
| Feb 2026 | 0.50 | $147,000 | Lakeview Dr W | Hopkins |
| Feb 2026 | 0.18 | $762,500 | 4877 Island View Dr | Mound |
| Feb 2026 | 0.20 | $350,000 | 4149 James Ave N | Minneapolis |
| Feb 2026 | 0.68 | $287,500 | 13113 Orchard Rd | Minnetonka |
| Feb 2026 | 0.35 | $350,000 | 226 Paisley Ln | Golden Valley |
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Jan 2026 | 0.20 | $650,000 | 3046 Julia Way | Mound |
| Jan 2026 | 0.41 | $135,000 | Tdb 6048 Allen Cir | Minneapolis |
| Jan 2026 | 0.12 | $25,000 | 4314 Morgan Ave N | Minneapolis |
| Jan 2026 | 0.08 | $32,000 | 2512 13th Ave S | Minneapolis |
| Jan 2026 | 0.61 | $215,000 | Woodhill Rd | Minnetonka |
| Jan 2026 | 0.32 | $190,000 | 6866 Zachary Ln N | Maple Grove |
| Jan 2026 | 0.12 | $35,000 | 1429 Morgan Ave N | Minneapolis |
| Dec 2025 | 0.10 | $625,000 | 88 1st St | Excelsior |
| Dec 2025 | 0.13 | $137,500 | 4100 16th Ave S | Minneapolis |
| Dec 2025 | 0.13 | $137,500 | 4106 16th Ave S | Minneapolis |
| Dec 2025 | 0.25 | $149,900 | 9221 Maas Dr | Saint Bonifacius |
| Dec 2025 | 0.50 | $200,000 | 8200 Walnut Grove Ln N | Maple Grove |
| Dec 2025 | 0.59 | $1,100,000 | 5124 Skyline Dr | Edina |
| Dec 2025 | 0.90 | $2,050,000 | 1555 Orchard Beach Pl | Mound |
| Dec 2025 | 0.09 | $387,900 | 7805 Bridgewater Ct | Rockford |
| Dec 2025 | 0.47 | $2,050,000 | 36 Interlachen Ct #X | Excelsior |
| Dec 2025 | 0.12 | $27,000 | 2629 Dupont Ave N | Minneapolis |
| Dec 2025 | 0.18 | $1,175,000 | 5121 Juanita Ave | Edina |
| Nov 2025 | 0.57 | $280,000 | 5000 Manitou Rd | Tonka Bay |
| Nov 2025 | 0.11 | $160,000 | 5708 23rd Ave S | Minneapolis |
| Nov 2025 | 0.14 | $65,000 | 3629 12th Ave S | Minneapolis |
| Nov 2025 | 0.90 | $525,000 | 15509 Robinwood Dr | Minnetonka |
| Nov 2025 | 0.28 | $3,800,000 | 2410 Oliver Ave S | Minneapolis |
| Oct 2025 | 0.15 | $75,000 | 2221 Elliot Ave | Minneapolis |
| Oct 2025 | 0.26 | $138,000 | 9830X Chicago Ave S | Minneapolis |
| Oct 2025 | 0.34 | $182,500 | 9269 Maas Dr | Saint Bonifacius |
| Oct 2025 | 0.11 | $665,000 | 2928 Garfield Ave | Minneapolis |
| Oct 2025 | 0.14 | $17,757 | 3915 6th St N | Minneapolis |
| Oct 2025 | 0.11 | $125,000 | 3931 15th Ave S | Minneapolis |
| Sep 2025 | 0.14 | $17,759 | 3915 N 6th St | Minneapolis |
| Sep 2025 | 0.10 | $389,976 | 7807 Bridgewater Ct | Rockford |
| Sep 2025 | 0.12 | $32,000 | 3243 Logan Ave N | Minneapolis |
| Sep 2025 | 0.38 | $1,900,000 | 2501 E Lake Of The Isles Pkwy | Minneapolis |
| Sep 2025 | 0.72 | $440,000 | 1040 Old Long Lake Rd | Long Lake |
| Sep 2025 | 0.99 | $360,000 | 4240 Inland Ln N | Plymouth |
| Sep 2025 | 0.46 | $440,000 | 3 E Minnehaha Pkwy | Minneapolis |
| Sep 2025 | 0.48 | $215,000 | 47 Hackberry Hl | Long Lake |
| Sep 2025 | 0.41 | $305,000 | 1592 Marsh Pointe Ct | Hamel |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 1,268,903 |
| Population (2020) | 1,281,565 |
| Population Growth | -0.99% |
| Median Household Income | $96,339 |
| Median Home Value | $376,500 |
| Total Housing Units | 564,441 |
| Vacant Housing Units | 29,868 |
| Housing Vacancy Rate | 5.3% |
| Median Age | 37.4 |
| Bachelor's Degree or Higher | 295,747 (23.3%) |
| Unemployment Rate | 4.3% |
Market Overview
Hennepin County, Minnesota has a population of 1,268,903, which has declined 0.99% since 2020. The median household income is $96,339, above the national median of $74,580 by 29.2%. The housing vacancy rate of 5.3% suggests tight market conditions. As part of Minnesota, Hennepin County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $88,573 per acre, with properties averaging 9.30 acres. There are currently 179 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Hennepin County, Minnesota?
As of the 2023 American Community Survey, Hennepin County has a population of 1,268,903. The county has declined 0.99% since the 2020 Census.
What is the median household income in Hennepin County?
The median household income in Hennepin County is $96,339, which is 29.2% above the national median of $74,580.
Is Hennepin County growing or shrinking?
Hennepin County is shrinking. The population has declined 0.99% since 2020.
What is the housing market like in Hennepin County?
The median home value in Hennepin County is $376,500. The housing vacancy rate is 5.3%, which suggests tight market conditions. The unemployment rate is 4.3%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $88,573 per acre. Suburban/urban lots under 1 acre have a median lot price of $287,500.
Does Reelvest buy land in Hennepin County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Hennepin County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.