Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Cedar-Riverside area can be challenging. Home prices in Cedar-Riverside are now at a median cost of $254,967, lower than the Minneapolis average of $397,223.
The average cost of rent is $888/mo in Cedar-Riverside, primarily driven by the current value of real estate in the Cedar-Riverside area. In Cedar-Riverside, 91.81% of households rent, and 63.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cedar-Riverside is $2,535 per month. Households that rent pay about 35.05% of their income on rent here. Cedar-Riverside’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Downtown East, Minneapolis, MN: higher priced homes
- Elliot Park, Minneapolis, MN: higher priced homes
- University District, Minneapolis, MN: higher priced homes
- Seward, Minneapolis, MN: higher priced homes
- Ventura Village, Minneapolis, MN: less expensive homes
- East Phillips, Minneapolis, MN: higher priced homes
- Marcy Holmes, Minneapolis, MN: higher priced homes
- Midtown Phillips, Minneapolis, MN: equally priced homes
- Downtown West, Minneapolis, MN: higher priced homes
- Prospect Park, Minneapolis, MN: higher priced homes
Neighborhoods with Similar Populations
- Otter Creek Crystal, Little Rock, AR: equally priced homes
- Roseville, San Diego, CA: higher priced homes
- Bethel Welborn, Kansas City, KS: less expensive homes
- Belgravia Terrace, Chicago, IL: higher priced homes
- Merriman Valley, Akron, OH: higher priced homes
- Mustang-Padre Island, Corpus Christi, TX: higher priced homes
- Federal Hill Historic District, Bristol, CT: less expensive homes
- Sandpointe, Santa Ana, CA: higher priced homes
- Upper Baseline, Little Rock, AR: less expensive homes
- Washington, Huntington Beach, CA: higher priced homes
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