Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Minneapolis area can be challenging. Home prices in Downtown Minneapolis are now at a median cost of $240,747, lower than the St. Paul average of $249,775.
The average cost of rent is $1,299/mo in Downtown Minneapolis, primarily driven by the current value of real estate in the Downtown Minneapolis area. While nearly 30.82% of residents own their homes outright in Downtown Minneapolis, 74.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Minneapolis is $5,517 per month. Households that rent pay about 23.54% of their income on rent here. Downtown Minneapolis's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- West Side, St. Paul, MN: less expensive homes
- Thomas-Dale, St. Paul, MN: less expensive homes
- Summit-University, St. Paul, MN: higher priced homes
- Dayton's Bluff, St. Paul, MN: less expensive homes
- West 7th, St. Paul, MN: equally priced homes
- Summit Hill, St. Paul, MN: higher priced homes
- Payne Phallen, St. Paul, MN: less expensive homes
- North End, St. Paul, MN: less expensive homes
- Midway, St. Paul, MN: equally priced homes
- Como, St. Paul, MN: equally priced homes
Neighborhoods with Similar Populations
- Downtown Pittsfield, Ann Arbor, MI: higher priced homes
- Concordia, Portland, OR: higher priced homes
- Academy Heights, Orange, NJ: higher priced homes
- Friendly, Fort Washington, MD: higher priced homes
- Hegewisch, Chicago, IL: less expensive homes
- Highland Garden, Hollywood, FL: equally priced homes
- Holland, Minneapolis, MN: higher priced homes
- Hollywood Beach-Quadoman, Hollywood, FL: higher priced homes
- Little Italy, Manhattan, NY: higher priced homes
- Morningside, Detroit, MI: less expensive homes
All Local Stats
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