Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the East Phillips area can be challenging. Home prices in East Phillips are now at a median cost of $318,770, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,271/mo in East Phillips, primarily driven by the current value of real estate in the East Phillips area. In East Phillips, 59.41% of households rent, and 29.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Phillips is $4,390 per month. Households that rent pay about 28.96% of their income on rent here. East Phillips’s most expensive areas are in the central 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
- Midtown Phillips, Minneapolis, MN: less expensive homes
- Ventura Village, Minneapolis, MN: less expensive homes
- Phillips West, Minneapolis, MN: less expensive homes
- Seward, Minneapolis, MN: equally priced homes
- Corcoran, Minneapolis, MN: equally priced homes
- Powderhorn Park, Minneapolis, MN: equally priced homes
- Cedar-Riverside, Minneapolis, MN: less expensive homes
- Elliot Park, Minneapolis, MN: higher priced homes
- Central, Minneapolis, MN: equally priced homes
- Stevens Square, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Northwest Arvada, Arvada, CO: higher priced homes
- Lind-Bohanon, Minneapolis, MN: less expensive homes
- Madison Park, Charlotte, NC: higher priced homes
- Mcbean, Hephzibah, GA: less expensive homes
- Memorial Square, Springfield, MA: less expensive homes
- Mt Vernon Park, Lawrence, MA: higher priced homes
- North Elevation, Billings, MT: equally priced homes
- North Hill, Des Moines, WA: higher priced homes
- North Park, Provo, UT: higher priced homes
- Lemonwood Eastmont, Oxnard, CA: higher priced homes
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