Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Loring Park area can be challenging. Home prices in Loring Park are now at a median cost of $224,340, lower than the Minneapolis average of $316,867.
The average cost of rent is $1,214/mo in Loring Park, primarily driven by the current value of real estate in the Loring Park area. While nearly 40.75% of residents own their homes outright in Loring Park, 66.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loring Park is $4,738 per month. Households that rent pay about 25.63% of their income on rent here. Loring Park's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Nearby Neighborhoods
- Stevens Square, Minneapolis, MN: equally priced homes
- Lowry Hill, Minneapolis, MN: higher priced homes
- Elliot Park, Minneapolis, MN: higher priced homes
- Downtown West, Minneapolis, MN: higher priced homes
- Whittier, Minneapolis, MN: higher priced homes
- Ventura Village, Minneapolis, MN: equally priced homes
- North Loop, Minneapolis, MN: higher priced homes
- Phillips West, Minneapolis, MN: equally priced homes
- Lowry Hill East, Minneapolis, MN: higher priced homes
- Downtown East, Minneapolis, MN: higher priced homes
Neighborhoods with Similar Populations
- Vista, Boise, ID: equally priced homes
- City Center West, Philadelphia, PA: higher priced homes
- Ravenna, Seattle, WA: higher priced homes
- Academy Heights, Orange, NJ: higher priced homes
- Harambee, Milwaukee, WI: less expensive homes
- Hegewisch, Chicago, IL: less expensive homes
- Highland Garden, Hollywood, FL: equally priced homes
- Holland, Minneapolis, MN: higher priced homes
- Hollywood Beach-Quadoman, Hollywood, FL: higher priced homes
- Little Italy, Manhattan, NY: higher priced homes
All Local Stats
Home Services
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