Housing in Central at a glance
- Population
- about 41,089
- Housing units
- about 29,505
- Median value, owner-occupied homes
- $369,000Minneapolis: $362,200 (+2%)
- Median gross rent
- $1,510 a monthMinneapolis: $1,371 (+10%)
- Owner-occupied homes
- 24.6%Minneapolis: 47.7%
- Homes built before 1980
- 44.6%
- Median year built
- 1984
Central has the newest stock of any Minneapolis sector, with pre-1980 housing making up only 44.6%, the smallest share among the ten. Renting is the norm in this part of town, because owner households make up just 24.6% of the total, ninth out of ten. Owners put the median at $369,000, a level 2% above the city figure, while rent reaches $1,510, third-highest in Minneapolis. The sector sits near the city's population centre. University next door has owners at only 16.9% yet values at $401,000. Near North sits much lower, at $258,000, while Calhoun Isle is far higher, at $512,000. Payotte pieced this together from 11 census tracts. A population of 41,089 occupies 29,505 housing units, and tenants number 19,687 households against 6,419 owners. Put differently, Central is a sector of tenants, newer buildings and rents above the city's, with values close to the citywide figure.
Questions about Central
What is the median home value in Central, Minneapolis?
$369,000 for owner-occupied homes, against $362,200 for Minneapolis as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Central?
$1,510 a month in gross rent (rent plus utilities paid by the renter), against $1,371 in Minneapolis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Central own or rent?
Most rent: 24.6% of occupied homes are owner-occupied, against 47.7% in Minneapolis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 11 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
Central is one of the 10 most populous of 11 communities of Minneapolis: estimated population about 41,089 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from City of Minneapolis GIS, Communities, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Minneapolis as a whole. Home values are owners' estimates, not sale prices.
Near Central
The closest sectors of Minneapolis, by distance between population centres.
Other sectors of Minneapolis
All of Minneapolis · Professionals in Minnesota · All states
Five trades, one spot each
Payotte lists one professional per trade in Central. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Central? Ask for your spot.