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These days, finding an affordable place to live in the Minnehaha area can be challenging. Home prices in Minnehaha are now at a median cost of $319,442, lower than the Minneapolis average of $397,223.
The average cost of rent is $1,502/mo in Minnehaha, primarily driven by the current value of real estate in the Minnehaha area. In Minnehaha, 24.96% of households rent, and 26.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Minnehaha is $8,037 per month. Households that rent pay about 18.69% of their income on rent here. Minnehaha’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Northrup, Minneapolis, MN: higher priced homes
- Hale, Minneapolis, MN: higher priced homes
- Bancroft, Minneapolis, MN: equally priced homes
- Fuller Tangletown, Minneapolis, MN: higher priced homes
- Diamond Lake, Minneapolis, MN: higher priced homes
- Standish, Minneapolis, MN: equally priced homes
- Kingfield, Minneapolis, MN: higher priced homes
- Ericsson, Minneapolis, MN: higher priced homes
- Keewaydin, Minneapolis, MN: higher priced homes
- Wenonah, Minneapolis, MN: higher priced homes
Neighborhoods with Similar Populations
- Boal, Chula Vista, CA: higher priced homes
- Woburn Street Historic District, Reading, MA: higher priced homes
- Camino Lago, Phoenix, AZ: higher priced homes
- Chambers Heights, Aurora, CO: higher priced homes
- Whittier Heights, Seattle, WA: higher priced homes
- Parkdale Viking Hills, Waco, TX: less expensive homes
- Sunshine, Lehigh Acres, FL: equally priced homes
- Stone Meadows, Bakersfield, CA: higher priced homes
- Stockton, Camden, NJ: less expensive homes
- Starin Central, Buffalo, NY: higher priced homes
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