Affordable
Expensive
Expensive
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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 $244,753, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,232/mo in Loring Park, primarily driven by the current value of real estate in the Loring Park area. In Loring Park, 77.99% of households rent, and 44.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loring Park is $5,266 per month. Households that rent pay about 23.40% of their income on rent here. Loring Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive 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: higher 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: higher priced homes
- Holland, Minneapolis, MN: higher priced homes
- Hollywood Beach-Quadoman, Hollywood, FL: higher priced homes
- Little Italy, Manhattan, NY: higher priced homes
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