Affordable
Expensive
Expensive
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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 $613,508, higher than the Minneapolis average of $397,223.
The average cost of rent is $2,746/mo in Downtown East, primarily driven by the current value of real estate in the Downtown East area. In Downtown East, 58.53% of households rent, and 40.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown East is $12,530 per month. Households that rent pay about 21.91% of their income on rent here. Downtown East’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
- Westbury, Lehi, UT: less expensive homes
- Summit Heights, Fontana, CA: higher priced homes
- Morningside, Pittsburgh, PA: less expensive homes
- Historic Montford, Asheville, NC: equally priced homes
- 3rd Ward, Portsmouth, OH: less expensive homes
- Elton Hills, Rochester, MN: less expensive homes
- Edgewood, Michigan City, IN: less expensive homes
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