Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the University District area can be challenging. Home prices in University District are now at a median cost of $306,670, lower than the Minneapolis average of $316,867.
The average cost of rent is $1,596/mo in University District, primarily driven by the current value of real estate in the University District area. While nearly 44.03% of residents own their homes outright in University District, 59.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in University District is $2,051 per month. Households that rent pay about 77.78% of their income on rent here. University District's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Prospect Park, Minneapolis, MN: less expensive homes
- Cedar-Riverside, Minneapolis, MN: less expensive homes
- Marcy Holmes, Minneapolis, MN: higher priced homes
- Seward, Minneapolis, MN: less expensive homes
- Southeast Como, Minneapolis, MN: less expensive homes
- Downtown East, Minneapolis, MN: higher priced homes
- Saint Anthony, St. Paul, MN: equally priced homes
- East Phillips, Minneapolis, MN: less expensive homes
- Elliot Park, Minneapolis, MN: higher priced homes
- Ventura Village, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Back Central, Lowell, MA: less expensive homes
- Baker, Denver, CO: higher priced homes
- Bal Bay, Orlando, FL: higher priced homes
- Bala Cynwyd, Bala-Cynwyd, PA: higher priced homes
- Ball Square, Somerville, MA: higher priced homes
- Point Breeze, Pittsburgh, PA: higher priced homes
- Southside Columbus, Columbus, OH: higher priced homes
- Southern Hills, Springfield, MO: less expensive homes
- South Side, West Palm Beach, FL: higher priced homes
- South Harrison, Tucson, AZ: less expensive homes
All Local Stats
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