The greater Twin Cities area is a great place to build a home. With attractive properties at affordable prices, Minneapolis-St. Paul and the surrounding areas offer plenty of real estate opportunities for those undertaking new home construction.
If you’re building a home in the greater Twin Cities, here are the best cities to break ground.
Located in the southwest suburbs of Minneapolis, Eden Prairie is a town that has it all. With more than 170 miles of multi-purpose trails, the best public schools in the state, and over 2,200 local retailers, restaurants and other local businesses, Eden Prairie is the perfect place to build a new home. With a healthy balance of mother nature and urban living, Eden Prairie provides residents with a city feel without losing the laidback charm of small town life.
- Population: 62,000
- Median income: $97,000
- Median home value: $303,000
- 73% own vs. 27% rent
Woodbury is a growing suburban city, located on the southeast side of St. Paul, along upper Mississippi River, 20 miles west of Wisconsin border. This city has a wide variety of recreational trails, a multitude of parks and many excellent restaurants and shopping centers that residents can take advantage of. Additionally, the school system is one of the top in the state and the crime rate is low, making it a great place to raise a family.
- Population: 65,000
- Median income: $99,000
- Median home value: $272,000
- 78% own vs. 22% rent
For exclusivity without foregoing accessibility, Shoreview may be the perfect place for you. Here, you can conveniently walk pretty much anywhere for grocery, recreation, retail, entertainment and dining options. In 2008, the suburb was ranked fourth in a Family Circle list of best family towns. If you’re looking to build a home in an area with a lot of nice parks, good schools and overall, is a great place for raising a family, Shoreview should be at the top of your list.
- Population: 26,000
- Median income: $79,000
- Median home value: $233,000
- 82% own vs. 18% rent
For those looking for an upscale suburb with great schools, parks and retail options, well-maintained infrastructure and friendly neighbors, Chanhassen will leave you impressed. A great location, residents are a 5-10 minute drive from all major highways in the area and less than a half hour from MSP International Airport and the Mall of America. Additionally, located on highway 5 is Paisley Park, Prince’s home and long-time recording studio, which is now a museum that commemorates his contribution to both music and Minnesota.
- Population: 24,000
- Median income: $103,000
- Median Home Values Estimate: $318,000
- 86% own vs. 14% rent
Located on the picturesque shores of Lake Minnetonka, Deephaven is an affluent suburb that’s only 15 miles from downtown Minneapolis. With it’s location and Home to the Minnetonka Yacht Club, those building a home in Deephaven can enjoy lake-side fun that this harbor area offers. Low crime rates, a stable housing market and high home values make it a great place to build a new house.
- Population: 4,000
- Median income: $133,000
- Median Home Values Estimate: $539,000
- 95% own vs. 5% rent
Good Luck with Your New Home Build!
Now that you know some of the best suburbs to live in, you can make a more informed decision on where to break ground. With several attractive properties at affordable prices, there is a ton of opportunity in the Twin Cities areas to build your home.
Looking for help building your dream home?
Treasured Spaces is the experienced team that can build the home of your dreams anywhere in the Twin Cities area. Get in touch with one of our new construction specialists today to get started!