Our Blog

Our Blog

Twin Cities Named Most Affordable City to Live In by Interest.com

Lender_with_house_and_money

People shopping for new homes in MN were delighted to learn that the financial website Interest.com has named Minneapolis-St. Paul as the most affordable city for home ownership among the 25 largest U.S. metro areas.

To conduct its annual study, Interest.com gathers city-specific data on median home prices and incomes, average property taxes and insurance costs, as well as other financial data such as consumer debt and mortgage rates. The Twin Cities came in number two in 2013, and moved up to the number one spot in 2014, thanks in large part to a median household income well above the national average.

As a premier builder of new homes in MN, we at Key Land agree with Mike Sante, managing editor of Interest.com, when he observed that Minneapolis-St. Paul has a great housing market with a better median-priced inventory than other cities. This is just one element of the superior quality of life available in the metropolitan area.

One characteristic that works in the Twin Cities’ favor is the open space for new home construction. Sante said, “The places that are the most unaffordable are locked in by some geographic constraint. Minneapolis (area) can grow 360 degrees.”

The bedroom communities that surround Minneapolis-St. Paul each have their own rich history, charming personalities, and an abundance of economic development opportunity. This gives home buyers a wide range of options and also appeals to businesses. What’s not available in each town can be conveniently found in neighboring communities or the easily-accessible Twin Cities downtown.

Floor Plan Profile: Parkview

At Key Land Homes, we take pride in being a quality home builder in Minneapolis MN and the surrounding area. We build...

Read More

Benefits of Single-Story Living

A two-story home may seem traditional and the kind of layout that provides more space and privacy, yet single-story homes can easily...

Read More

Experience Minneapolis’ Skyway System

If you’re moving into one of our Minneapolis MN homes and haven’t spent much time in the city, it’s time to explore...

Read More

Ways to Enjoy Minneapolis Rivers and Lakes All Winter Long

For anyone who loves spending time outdoors, Minneapolis is a great place to be all year long, even during the winter. When...

Read More

Read Our Blog


Get in Touch:   Call   Text   Email
Loading...