The Most Affordable Neighborhoods in Willard-Hay, Minneapolis, MN by Home Value

 

Willard-Hay, Minneapolis, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Willard-Hay area can be challenging. Home prices in Willard-Hay are now at a median cost of $269,676, lower than the Minneapolis average of $397,223.

The average cost of rent is $1,350/mo in Willard-Hay, primarily driven by the current value of real estate in the Willard-Hay area. In Willard-Hay, 40.35% of households rent, and 27.54% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Willard-Hay is $5,554 per month. Households that rent pay about 24.30% of their income on rent here. Willard-Hay’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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