Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Central area can be challenging. Home prices in Central are now at a median cost of $312,660, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,379/mo in Central, primarily driven by the current value of real estate in the Central area. In Central, 52.74% of households rent, and 27.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Central is $7,112 per month. Households that rent pay about 19.39% of their income on rent here. Central’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Powderhorn Park, Minneapolis, MN: equally priced homes
- Lyndale, Minneapolis, MN: higher priced homes
- Phillips West, Minneapolis, MN: less expensive homes
- Midtown Phillips, Minneapolis, MN: less expensive homes
- Bancroft, Minneapolis, MN: equally priced homes
- Kingfield, Minneapolis, MN: higher priced homes
- Whittier, Minneapolis, MN: higher priced homes
- Calhoun, Minneapolis, MN: higher priced homes
- East Phillips, Minneapolis, MN: equally priced homes
- Corcoran, Minneapolis, MN: equally priced homes
Neighborhoods with Similar Populations
- Otter Creek Crystal, Little Rock, AR: less expensive homes
- Brookline Village Commercial District, Brookline, MA: higher priced homes
- Roseville, San Diego, CA: higher priced homes
- Belgravia Terrace, Chicago, IL: higher priced homes
- Washington, Huntington Beach, CA: higher priced homes
- Upper Baseline, Little Rock, AR: less expensive homes
- Snail, Sunnyvale, CA: higher priced homes
- Sandpointe, Santa Ana, CA: higher priced homes
- Roosevelt-San Francisco, Redwood City, CA: higher priced homes
- Oak View, Huntington Beach, CA: higher priced homes
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