Why Live in Rice Creek Terrace East
Rice Creek Terrace East in Fridley, MN, is a suburban neighborhood characterized by single-family homes built in the 1950s and '60s, primarily featuring ramblers and split-levels. Homeownership is prevalent, with only 6% of residents leasing their properties. The area offers several parks, including Meadowlands Park, which spans nearly 10 acres and features walking and biking trails, a playground, and picnic areas. Planned improvements include a basketball court and an ADA-compliant playground. Locke County Park, located to the north, covers almost 100 acres and includes the Rice Creek West Regional Trail, popular for wildlife viewing and fishing. Local dining and shopping options are concentrated along Highway 65 and University Avenue, with notable spots like Shortstop Fridley sports bar, Kings Restaurant, and Crooners Supper Club. Big-box stores such as Target and Menards are conveniently located near the highway, and Northtown Mall, with 100 stores, is just four miles north in Blaine. Public transportation is accessible via Route 10 of the Metro Transit bus system and the Fridley Northstar commuter rail station, which is 2 miles away and offers a quick 10-minute ride to downtown Minneapolis. The neighborhood schools include Hayes Elementary, Fridley Middle, and Fridley High School, all offering International Baccalaureate programs. While the schools have mixed ratings, they provide a challenging curriculum aimed at preparing students for global opportunities.
Frequently Asked Questions
Is Rice Creek Terrace East a good place to live?
Rice Creek Terrace East is a good place to live. Rice Creek Terrace East is considered car-dependent and somewhat bikeable with some transit options. Rice Creek Terrace East has 2 parks for recreational activities. It has a median age of 44. The average household income is $104,005 which is above the national average. College graduates make up 53.3% of residents. A majority of residents in Rice Creek Terrace East are home owners, with 6% of residents renting and 94% of residents owning their home. A
local real estate agent serving Rice Creek Terrace East can help you decide if this neighborhood is the right one for you. Learn more on our
Rice Creek Terrace East neighborhood guide.
How much do you need to make to afford a house in Rice Creek Terrace East?
The median home price in Rice Creek Terrace East is $327,500. If you put a 20% down payment of $65,500 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $70K a year to afford the median home price in Rice Creek Terrace East. The average household income in Rice Creek Terrace East is $104K.
What are the best public schools in Rice Creek Terrace East?
The best public schools that serve Rice Creek Terrace East are:
What are the best private schools in Rice Creek Terrace East?
The best private schools that serve Rice Creek Terrace East are:
- Al-Amal School has an A Niche grade, a student teacher ratio of 10:1 and an average review score of 3.9.
- Avail Academy High School has a B- Niche grade, a student teacher ratio of 7:1 and an average review score of 4.3.
- Woodcrest Baptist Academy has a B- Niche grade, a student teacher ratio of 15:1 and an average review score of 3.8.
What are the most popular zip codes in Rice Creek Terrace East, Fridley, MN?
What are the most popular neighborhoods near Rice Creek Terrace East, Fridley, MN?
Are home prices dropping in Rice Creek Terrace East?
Yes, home prices in Rice Creek Terrace East are down 6% in the last 12 months.
Home Trends in Rice Creek Terrace East, MN
On average, homes in Rice Creek Terrace East, Fridley sell after 19 days on the market compared to the national average of 52 days. The median sale price for homes in Rice Creek Terrace East, Fridley over the last 12 months is $325,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$325,000
Median Single Family Sale Price
$327,500
Average Price Per Sq Ft
$182
Number of Homes for Sale
2
Last 12 months Home Sales
18
Median List Price
$327,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%