Lauren CottrillPemberton Real Estate
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Lauren Cottrill

Hennepin Real Estate

Hennepin real estate requires an educational approach and clear strategy. Lauren Cottrill helps buyers and sellers navigate the Minnesota market with honest care and local expertise.

The Hennepin housing landscape is defined by its longevity and variety. Many residents find homes that were built decades ago, as the median year homes were built is 1973 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This creates a market rich in established neighborhoods, where homes that are single-family detached represent 52% (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates) of the inventory.

Lauren Cottrill prioritizes loyalty and dependability to simplify the moving process. Whether navigating new construction or relocating to Minnesota, she ensures clients understand every contract and inspection. She focuses on the whole decision, recognizing that equity and lifestyle needs evolve over time.

Values in the county show steady appreciation over the long term. The home price change over 5 years is +29.8% (Federal Housing Finance Agency House Price Index, 2020 to 2025). Lauren Cottrill provides a structured plan to manage these shifting market dynamics, helping clients make smart, protective decisions for their financial future.

By the numbers

Hennepin County at a glance

Population2020–2024 ACS 5-year estimates1,269,496
Housing units2020–2024 ACS 5-year estimates571,527
Median home value (owner-occupied)2020–2024 ACS 5-year estimates$392,900
Median monthly rent2020–2024 ACS 5-year estimates$1,487
Median annual property tax paid2020–2024 ACS 5-year estimates$4,480
Homes that are owner-occupied2020–2024 ACS 5-year estimates63%
Homes that are single-family detached2020–2024 ACS 5-year estimates52%
Median year homes were built2020–2024 ACS 5-year estimates1973
Commutes under 30 minutes2020–2024 ACS 5-year estimates75%
Home price change, 1 year2024 to 2025+3.0%
Home price change, 5 years2020 to 2025+29.8%
Average 30-year fixed mortgage rate (U.S.)week of 2026-09-247.03%
Average 30-year fixed mortgage rate a year earlier (U.S.)week of 2025-09-186.26%

Sources: U.S. Census Bureau, American Community Survey; Federal Housing Finance Agency House Price Index; Freddie Mac Primary Mortgage Market Survey. Published estimates for the area as a whole, not a valuation of any property.

FAQ

Frequently asked questions

What is the median home value in Hennepin, Minnesota?↓

The median home value for owner-occupied units is $392,900 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This figure reflects the diverse housing stock available throughout the county. Lauren Cottrill helps buyers understand how this value compares to specific neighborhood trends.

Are single-family homes common in Hennepin?↓

Yes, they make up a significant portion of the local market. Homes that are single-family detached account for 52% (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates) of the housing units. Lauren Cottrill assists clients in evaluating these properties for long-term suitability and equity growth.

What are the current mortgage rates in Hennepin?↓

While local rates vary, the average 30-year fixed mortgage rate (U.S.) is 7.03% (Freddie Mac Primary Mortgage Market Survey, week of 2026-09-24). This is an increase from the average 30-year fixed mortgage rate a year earlier (U.S.) which was 6.26% (Freddie Mac Primary Mortgage Market Survey, week of 2025-09-18). Lauren Cottrill explains how these national figures impact local purchasing power.

How much are property taxes in Hennepin?↓

Homeowners in this area typically pay a median annual property tax of $4,480 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Lauren Cottrill includes these carrying costs in her financial consultations to ensure clients are fully prepared for homeownership. Understanding these fixed costs is a key part of her educational approach.

What is the rental market like in Hennepin?↓

For those not currently buying, the median monthly rent is $1,487 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). The county maintains a mix of housing options, with 63% of homes being owner-occupied (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Lauren Cottrill helps clients determine if transitioning from renting to owning aligns with their current goals.

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