How much does basement finishing cost in Minneapolis?
Minneapolis, MN · Hennepin County · 18 ZIP codes · Data updated May 2026
A basement finishing in Minneapolis typically costs $34,213 - $99,187, with most homeowners paying around $63,697. Minneapolis runs about 11% above the Minnesota median, and quotes can vary up to 114% between its cheapest and most expensive ZIP codes, so the neighborhood matters as much as the contractor.
It's a strong investment here: homeowners in this region recoup roughly 74% of the cost at resale, about $47,327 on a typical Minneapolis job.
November is low-demand season for basement finishing in this climate. Contractors in Hennepin County are booking about 3.5 weeks out, and rates run about 8% below the annual average, a good window to book.
980 basement finishing permits were issued in Hennepin County over the past year, putting it in the top 14% of counties we track for this work.
Minneapolis Cost Range
$34,213 - $99,187
Typical: $63,697
Strong ROI
Equity Gain
$47,327
Added at resale
on a typical Minneapolis job
Low season · ~3.5 wk contractor lead time
Basement Finishing Cost by ZIP Code in Minneapolis
Each ZIP gets its own estimate from local home values and labor rates. Open yours for the full breakdown, seasonality, and ROI detail.
| ZIP | Estimated range | vs. city average | Details |
|---|---|---|---|
| 55403 | $34,213 - $46,288 | -37% | Full estimate → |
| 55454 | $34,213 - $46,288 | -37% | Full estimate → |
| 55412 | $38,611 - $52,239 | -29% | Full estimate → |
| 55404 | $40,078 - $54,222 | -26% | Full estimate → |
| 55411 | $40,078 - $54,222 | -26% | Full estimate → |
| 55408 | $47,409 - $64,141 | -12% | Full estimate → |
| 55401 | $50,341 - $68,109 | -7% | Full estimate → |
| 55407 | $52,296 - $70,754 | -3% | Full estimate → |
| 55413 | $54,251 - $73,399 | average | Full estimate → |
| 55406 | $56,695 - $76,705 | +5% | Full estimate → |
| 55418 | $57,673 - $78,028 | +7% | Full estimate → |
| 55414 | $58,650 - $79,350 | +8% | Full estimate → |
| 55409 | $61,094 - $82,656 | +13% | Full estimate → |
| 55417 | $63,049 - $85,301 | +16% | Full estimate → |
| 55415 | $65,981 - $89,269 | +22% | Full estimate → |
| 55405 | $73,313 - $99,187 | +35% | Full estimate → |
| 55410 | $73,313 - $99,187 | +35% | Full estimate → |
| 55419 | $73,313 - $99,187 | +35% | Full estimate → |
Frequently Asked Questions
How much does a basement finishing cost in Minneapolis?
Based on 2026 data, a basement finishing in Minneapolis, MN costs $34,213 - $99,187, with a typical price around $63,697. The range covers Minneapolis's 18 ZIP codes and the ±15% variance between contractor bids.
Is a basement finishing worth it in Minneapolis?
Homeowners in this region typically recoup about 74% of the cost at resale, roughly $47,327 on a $63,697 project. That makes it one of the stronger-returning projects you can do here.
Why do basement finishing quotes vary across Minneapolis?
Local home values and labor rates differ by ZIP code. In Minneapolis, the same project can cost up to 114% more in the most expensive ZIP than in the least expensive one. Check your exact ZIP below for a precise range.
Other Project Costs in Minneapolis
Sources: Remodeling Magazine Cost vs. Value, Zillow ZHVI, BLS construction wages, US Census. Methodology