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Expensive
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These days, finding an affordable place to live in the Downtown West area can be challenging. Home prices in Downtown West are now at a median cost of $349,965, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,649/mo in Downtown West, primarily driven by the current value of real estate in the Downtown West area. In Downtown West, 76.41% of households rent, and 35.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown West is $7,925 per month. Households that rent pay about 20.81% of their income on rent here. Downtown West’s most expensive areas are in the northwestern 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
- North Loop, Minneapolis, MN: higher priced homes
- Downtown East, Minneapolis, MN: higher priced homes
- Elliot Park, Minneapolis, MN: higher priced homes
- Loring Park, Minneapolis, MN: less expensive homes
- Stevens Square, Minneapolis, MN: less expensive homes
- Ventura Village, Minneapolis, MN: less expensive homes
- Cedar-Riverside, Minneapolis, MN: less expensive homes
- Marcy Holmes, Minneapolis, MN: higher priced homes
- Lowry Hill, Minneapolis, MN: higher priced homes
- Phillips West, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Rossville, Staten Island, NY: higher priced homes
- Duluth Heights, Duluth, MN: less expensive homes
- East English Village, Detroit, MI: less expensive homes
- Edgerton, Rochester, NY: less expensive homes
- Elvira, Summit, AZ: less expensive homes
- Forest Hills, Cleveland, OH: less expensive homes
- Grant Ferry, Buffalo, NY: less expensive homes
- Hidden Cove-Indian Creek, San Antonio, TX: less expensive homes
- Kirkwood, Coralville, IA: less expensive homes
- Los Angeles Heights-Keystone, San Antonio, TX: less expensive homes
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