Minneapolis has been hit with more foreclosures than any other city in the state and Minneapolis foreclosure listings have created neighborhoods that are overrun with vacant and condemned properties. These properties create opportunity for investors, or first time homebuyers, to begin rebuilding these communities with active involvement, who can take advantage of the falling home prices.
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According to Census report, Minneapolis has 842,084 habitants. By this number, 74.46% correspond to White, 4.89% Hispanic, 5.46% Asian, 11.36% Black, 1.24% Indian and 2.59% other races. Men and Women of Minneapolis have, according to the Census data, a median age of 24 years.
In Minneapolis, there are 5,726 households per zipcode. The average value of a house is $104,550. The regular number of people in each house is 2. According to the Census, the average household income is $35,183.
The city has 28,687 business places. By this number of business places, Census report counts that 608,315 employees are working. These employees receive $487,415 per year as payroll.
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