Are you thinking of moving to Minneapolis? Now is the time to head Downtown! As the local economy continues to grow steadily, the Downtown Minneapolis real estate market is expected to follow an upward trend.
If you love activity, then Downtown Central is your spot. The convenience of living within one of Minnesota’s most bustling cities drives many urban professionals to relocate to the area.
Located in the center of the city, with a population just shy of 30,000, Downtown is made up of 6 smaller neighborhoods: Downtown East, Downtown West, Elliot Park, Loring Park, North Loop (aka “the Warehouse District”) and Stevens Square/Loring Heights.
The Mill District, a neighborhood within Downtown East, blends parts of Downtown East and West and is bound on one side by the historic Mississippi River.
Historically the Downtown Central community was a renter’s market, although home ownership has been on the rise since the 1980s. Today, the majority of households are family-occupied and trend toward a younger demographic.
Single-family homes are a rarity in the Downtown area, but you will find a large market for newly constructed luxury condominiums and townhouses, as well as spacious apartments and lofts located in historically preserved, high-rise buildings.
Price wise, Downtown East has the most expensive real estate, with a median listing price of just around half a million dollars, while Downtown West is more affordable, with median listing prices closer to $200,000.
Living in Downtown Minneapolis means that you’re only steps away from the best restaurants and attractions within the state!
The city is a lively urban area with cultural hotspots including the Minneapolis Sculpture Garden, Mill City Museum, Guthrie Theatre, Minneapolis Convention Center, and so many more; you’ll never run out of things to do!
Downtown Minneapolis offers you more than just city living too. With close proximity to Lakes Calhoun and Harriet, as well as the Mississippi River, you can enjoy pastimes such as swimming, sunbathing, canoeing, and boating in the summer months.
The action doesn’t stop when it gets cold either! In the winter, you can partake in activities like ice fishing, snow tubing, ice-skating and skiing.
With all that Downtown Minneapolis has to offer, you’ll wonder why you ever wanted to live anywhere else!
Saint Paul is one of the most livable cities in America, alive with vibrant neighborhoods, hundreds of restaurants, and thriving organizations and businesses. The rich cultural environment and outstanding recreational choices make Saint Paul a city where you can live, work, and raise a family. Explore Saint Paul neighborhoods and homes today.
The southern suburbs of the Twin Cities includes the first ring suburbs of Richfield, Mendota Heights, and West Saint Paul. Further south are suburbs such as Inver Grove Heights, Eagan, Burnsville, and Apple Valley.
The suburbs west of Minneapolis offer everything from dynamic urban communities to peaceful small villages to year-round lakeside resorts. The first ring suburbs -- Edina, Golden Valley and Robbinsdale -- are immediately west of Minneapolis. Eden Prairie, Maple Grove and Plymouth are good-sized cities that offer close proximity to the Minneapolis – St. Paul metro area and offer the perfect balance of a thriving local economy and access to big city amenities. Numerous smaller communities offer a friendly small town environment. The Lake Minntetonka Area, which lies southwest of the Twin Cities, is anchored by Minnetonka. A dozen or more small towns around Lake Minnetonka are a great choice for a home that feels like a year-round vacation.
Old and new meet along the riverfront in Northeast Minneapolis, where stunning architecture mixes with a diverse, vibrant arts and commercial hub.
A European-style walking neighborhood right in the heart of the city, Northeast Minneapolis real estate is a hot market.
The neighborhood features commercial areas along University Avenue, Central Avenue, and Broadway Street, paired with quieter "bedroom community" streets offering apartment, condo, and single-family homes for individuals of all ages.
New residential high-rises have been popular in recent years, but if you are a dedicated home hunter, you can still find reasonably priced single-family homes on quiet cul-de-sacs.
Historically, the Northeast was a blue-collar community with industrial roots and ready access to the freight railway. Residents were of Lebanese, Slovak, Finnish, German and Russian descent, among many others. The Polish especially had a profound impact, with many local businesses still bearing this eastern European influence.
In the 1970s the Neighborhood Revitalization Program assisted residents and business owners in improving existing constructions through grants and loans, resulting in massive condo developments.
In the early 2000s, much of the old industrial infrastructure was transformed into office or arts space, paving the way for the vibrant, creative community spirit that still beats strong today.
Now, you’ll find that galleries, boutiques, restaurants, and bars line the neighborhood's street and serve as focal points for the community.
The demographics have also changed. Young people from the nearby University of Minnesota are frequent renters while new immigrant groups (Somalis and Latin Americans) have begun establishing themselves.
Riverfront access, easy downtown commutes and a thriving community spirit all make Northeast one of the most desirable parts of Minneapolis no matter if you are looking to be a renter or homeowner!