Housing in Southwest at a glance
- Population
- about 56,692
- Housing units
- about 26,060
- Median value, owner-occupied homes
- $506,000Minneapolis: $362,200 (+40%)
- Median gross rent
- $1,550 a monthMinneapolis: $1,371 (+13%)
- Owner-occupied homes
- 72.3%Minneapolis: 47.7%
- Homes built before 1980
- 88%
- Median year built
- 1939 or earlier
Southwest is the high end of the Minneapolis range on rent, where renters pay a median $1,550, the top figure among the ten sectors. Its owners' estimate, $506,000, is 40% above the city and second only to one other sector. Lying south-west of the population centre, it is also strongly owner-occupied, with 72.3% of households owning, 24.6 points ahead of the citywide rate. Older buildings are the rule, since 88% of units predate 1980, second-highest in town. Powderhorn next door values homes at $325,000. Calhoun Isle is nearly level, at $512,000. Nokomis, along its southern edge, has the highest owner share in Minneapolis, 85.2%, and rent equal to Southwest's. Southwest is home to 56,692 people in 26,060 housing units. Owning households total 17,923 and renting ones 6,855, and the estimate pools 13 census tracts, so owners clearly lead tenants. That mix of high value and old buildings stands out.
Questions about Southwest
What is the median home value in Southwest, Minneapolis?
$506,000 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 Southwest?
$1,550 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 Southwest own or rent?
Most own: 72.3% 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 13 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.
Southwest is one of the 10 most populous of 11 communities of Minneapolis: estimated population about 56,692 (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 Southwest
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 Southwest. 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 Southwest? Ask for your spot.