Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Phillips West area can be challenging. Home prices in Phillips West are now at a median cost of $226,928, lower than the Minneapolis average of $316,867.
The average cost of rent is $849/mo in Phillips West, primarily driven by the current value of real estate in the Phillips West area. While nearly 35.24% of residents own their homes outright in Phillips West, 87.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Phillips West is $2,433 per month. Households that rent pay about 34.89% of their income on rent here. Phillips West's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Midtown Phillips, Minneapolis, MN: less expensive homes
- Ventura Village, Minneapolis, MN: equally priced homes
- Whittier, Minneapolis, MN: higher priced homes
- Stevens Square, Minneapolis, MN: equally priced homes
- East Phillips, Minneapolis, MN: equally priced homes
- Central, Minneapolis, MN: equally priced homes
- Elliot Park, Minneapolis, MN: higher priced homes
- Lyndale, Minneapolis, MN: equally priced homes
- Powderhorn Park, Minneapolis, MN: higher priced homes
- Loring Park, Minneapolis, MN: equally priced homes
Neighborhoods with Similar Populations
- Center City, Midland, MI: less expensive homes
- Spring Creek, San Antonio, TX: less expensive homes
- Highlands, Manchester, NH: equally priced homes
- The Lanes, Waltham, MA: higher priced homes
- Cumberland, Greensboro, NC: less expensive homes
- Ellaville, Hyattsville, MD: higher priced homes
- Elmwood, Syracuse, NY: less expensive homes
- Errol Heights, Portland, OR: higher priced homes
- Gray Haven, Dundalk, MD: less expensive homes
- Great Brook Valley, Worcester, MA: equally priced homes
All Local Stats
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