Affordable
Expensive
Expensive
Colorblind friendly
off
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 $411,114, higher than the Minneapolis average of $397,223.
The average cost of rent is $1,502/mo in University District, primarily driven by the current value of real estate in the University District area. In University District, 96.06% of households rent, and 39.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in University District is $2,527 per month. Households that rent pay about 59.42% of their income on rent here. University District’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Prospect Park, Minneapolis, MN: higher priced homes
- Cedar-Riverside, Minneapolis, MN: less expensive homes
- Marcy Holmes, Minneapolis, MN: equally 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: less expensive homes
- East Phillips, Minneapolis, MN: less expensive homes
- Elliot Park, Minneapolis, MN: equally priced homes
- Ventura Village, Minneapolis, MN: less expensive homes
Neighborhoods with Similar Populations
- Back Central, Lowell, MA: equally priced homes
- Baker, Denver, CO: higher priced homes
- Bal Bay, Orlando, FL: equally 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
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