Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown East area can be challenging. Home prices in Downtown East are now at a median cost of $532,499, higher than the Minneapolis average of $316,867.
The average cost of rent is $2,542/mo in Downtown East, primarily driven by the current value of real estate in the Downtown East area. While nearly 45.53% of residents own their homes outright in Downtown East, 47.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown East is $13,194 per month. Households that rent pay about 19.27% of their income on rent here. Downtown East's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Elliot Park, Minneapolis, MN: less expensive homes
- Cedar-Riverside, Minneapolis, MN: less expensive homes
- Downtown West, Minneapolis, MN: less expensive homes
- Marcy Holmes, Minneapolis, MN: less expensive homes
- Ventura Village, Minneapolis, MN: less expensive homes
- University District, Minneapolis, MN: less expensive homes
- North Loop, Minneapolis, MN: less expensive homes
- Loring Park, Minneapolis, MN: less expensive homes
- Stevens Square, Minneapolis, MN: less expensive homes
- Seward, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Downtown Grand Forks, Grand Forks, ND: less expensive homes
- Fairview, Charlotte, NC: less expensive homes
- Windham, Coral Springs, FL: less expensive homes
- Westbury, Lehi, UT: less expensive homes
- Summit Heights, Fontana, CA: equally priced homes
- Morningside, Pittsburgh, PA: less expensive homes
- Historic Montford, Asheville, NC: less expensive homes
- 3rd Ward, Portsmouth, OH: less expensive homes
- Elton Hills, Rochester, MN: less expensive homes
- Edgewood, Michigan City, IN: less expensive homes
All Local Stats
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