Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Folwell area can be challenging. Home prices in Folwell are now at a median cost of $199,450, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,175/mo in Folwell, primarily driven by the current value of real estate in the Folwell area. In Folwell, 17.14% of households rent, and 20.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Folwell is $5,545 per month. Households that rent pay about 21.19% of their income on rent here. Folwell’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Jordan, Minneapolis, MN: higher priced homes
- Hawthorne, Minneapolis, MN: higher priced homes
- Webber-Camden, Minneapolis, MN: higher priced homes
- Victory, Minneapolis, MN: higher priced homes
- Willard-Hay, Minneapolis, MN: higher priced homes
- Lind-Bohanon, Minneapolis, MN: higher priced homes
- Near North, Minneapolis, MN: higher priced homes
- Shingle Creek, Minneapolis, MN: higher priced homes
- Holland, Minneapolis, MN: higher priced homes
- North Loop, Minneapolis, MN: higher priced homes
Neighborhoods with Similar Populations
- Friendly Hills, Dakota Ridge, CO: higher priced homes
- Silver Valley Addition, Sioux Falls, SD: higher priced homes
- Shelby Center Historic District, Shelby, OH: less expensive homes
- Northeast Village, West Sacramento, CA: higher priced homes
- Jordan Meadows, Salt Lake City, UT: higher priced homes
- Houghton, Kirkland, WA: higher priced homes
- Highland, Billings, MT: higher priced homes
- Herlong, Jacksonville, FL: higher priced homes
- Gold Coast, Richland, WA: higher priced homes
- Skinker-Debaliviere, St. Louis, MO: higher priced homes
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