Home Price Key
Affordable
Average
Expensive
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 $301,215, lower than the Minneapolis average of $316,867.
The average cost of rent is $1,459/mo in Ericsson, primarily driven by the current value of real estate in the Ericsson area. While nearly 27.59% of residents own their homes outright in Ericsson, 16.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ericsson is $8,246 per month. Households that rent pay about 17.69% of their income on rent here. Ericsson's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
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: equally priced homes
- Wenonah, Minneapolis, MN: equally priced 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: equally priced 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
All Local Stats
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