Building Costs Per Square Foot in the State of Minnesota – Single Family Homes

Minnesota 11473_313th Avenue NW Princeton MN55371 - 4 Beds and 3 Baths with 4 Attached Garages on Gross Floor Area 3,143 sqft - Built in 2022 - Price $599,900 (3)

Newly Built House in Minnesota 11473_313th Avenue NW Princeton MN55371 – 4 Beds and 3 Baths with 4 Attached Garages on Gross Floor Area 3,143 sqft – Built in 2022 – Price $599,900 (3)

As of 2024, building costs in the state of Minnesota are 1% above the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of Minnesota, USA

  • Class 1 – Luxury Homes – $402.75 to $614.15 per sqft
  • Class 2 – Semi Luxury Homes – $244.79 to $373.25 per sqft
  • Class 3 – Best Standard Homes – $158.22 to $239.08 per sqft
  • Class 4 – Good Standard Homes – $115.47 to $176.15 per sqft
  • Class 5 – Average Standard Homes – $93.74 to $142.80 per sqft
  • Class 6 – Minimum Standard  Homes – $73.95 to $112.73 per sqft
Minnesota Single Family Houses 2024 Building Costs

Minnesota Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of Minnesota, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

  • Best Quality Housing – $142.61 to $162.50 per sqft
  • Good Quality Housing – $120.23 to $143.37 per sqft
  • Average Quality Housing – $97.50 to $124.86 per sqft
  • Low Average Quality Housing – $82.57 to $108.79 per sqft
  • Lowest Quality Housing – $70.95 to $96.23 per sqft
Minnesota Manufactured Housing 2024 Building Costs

Minnesota Manufactured Housing 2024 Building Costs

2022 Residential Construction Market Analysis in the State of Minnesota, USA

Building costs are 1% below the national average in the state of Minnesota, and equivalent to the states of New Hampshire, Pennsylvania, South Carolina and Wyoming.  The real estate market always seems to be on fire, or everyone you know has been saying “now is not a good time to buy” every year for the last decade. In any case, the ideal thing to do is to listen to the experts and let the facts speak. That is why we are preparing this article where we will address the residential construction market in the state of Minnesota, USA. This may interest you whether you are an investor looking to see how the state is doing, or if you are looking to move your family here.

Pages: First |1 | 2 | 3 | ... | Next → | Last | Single Page