Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Ericsson area can be challenging. Home prices in Ericsson are now at a median cost of $386,677, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,847/mo in Ericsson, primarily driven by the current value of real estate in the Ericsson area. In Ericsson, 15.63% of households rent, and 27.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ericsson is $10,075 per month. Households that rent pay about 18.34% of their income on rent here. Ericsson’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Keewaydin, Minneapolis, MN: equally priced homes
- Standish, Minneapolis, MN: less expensive homes
- Hiawatha, Minneapolis, MN: less expensive homes
- Northrup, Minneapolis, MN: equally priced homes
- Howe, Minneapolis, MN: equally priced homes
- Bancroft, Minneapolis, MN: less expensive homes
- Wenonah, Minneapolis, MN: less expensive homes
- Minnehaha, Minneapolis, MN: less expensive homes
- Hale, Minneapolis, MN: higher priced homes
- Corcoran, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Galeville, Liverpool, NY: less expensive homes
- Bryan Downtown Historic District, Bryan, OH: less expensive homes
- Westinghouse, Charlotte, NC: less expensive homes
- University Pines, Lubbock, TX: less expensive homes
- Indian River Park, Mims, FL: less expensive homes
- Seneca, Buffalo, NY: less expensive homes
- Harrison, Minneapolis, MN: less expensive homes
- Nelson, Muskegon, MI: less expensive homes
- Berkley Estates, Neptune, NJ: higher priced homes
- Wheatley Heights, Wyandanch, NY: higher priced homes
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