Minneapolis Home Buyers Are Doing Something Unexpected

Jason Huerkamp · Living in MinneapolisJune 16, 202611:50957 views

About this video

The smartest move in Twin Cities real estate right now isn't buying alone. It's buying together. Families across Minneapolis and St. Paul are pooling equity and income to get into homes they couldn't afford solo. Here's exactly how it works and why it's changing the market.

Key takeaways

More Twin Cities families are buying one home together: parents selling a longtime home, adult children cashing in starter-home equity, and pooling their down payments and incomes.
Jason's math: two households that could each afford a $500,000 home might together buy a $900,000 home, with one mortgage, one tax bill and one roof. A larger combined down payment can mean better loan options and no mortgage insurance.
Builders in Woodbury, Lakeville and Cottage Grove are designing for it: walkout lower levels finished as independent suites, dual owner's suites, separate entrances, soundproofing and zoned HVAC.
Cities including Edina, Roseville and St. Louis Park now allow accessory dwelling units (ADUs). Legal, permitted living space can add real value, so check your city's rules.
Shared ownership raises legal and tax questions (gifts, inheritance, capital gains). Talk to an attorney and a CPA about how to hold title before you buy.
When you shop, look at convertibility (walkouts, dual primaries, separate entrances, lots that allow a detached ADU) as well as square footage.

Questions this video answers

Can two families buy a house together in Minnesota?

Yes. Many families pool equity and incomes to buy one home. Talk to a lender about qualifying together and to an attorney and CPA about how to hold title and handle gift, inheritance and tax issues.

Which Twin Cities cities allow ADUs?

The video names Edina, Roseville and St. Louis Park among cities that now allow accessory dwelling units. Rules differ by city, so check yours before you plan one.

Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on June 16, 2026; check the current numbers in our market reports.