Minneapolis

KAREN BLEIER/AFP/Getty Images

Minneapolis

Rank: 11
Price/rent ratio: 5.43
Median sales price: $56,000
Median rent: $901
Vacancy: 4.7%

Pros: The city is home to the University of Minnesota—a steady source for tenants. The metro has good long-term prospects because of its diverse employment base.
Cons: Home of Target and many financial companies, the city is seeing its economy soften.