Why Live in Ericsson
Ericsson in Minneapolis is a neighborhood rich in outdoor activities and historic charm. Residents enjoy proximity to Nokomis-Hiawatha Regional Park and Minnehaha Regional Park, offering cycling, canoeing, and ice skating. Lake Hiawatha is a year-round destination with a beach, playground, wading pool, and winter ice skating. The U.S. Pond Hockey Tournament on Lake Nokomis is a local highlight, drawing teams for friendly competition. The neighborhood features a mix of architectural styles, including Craftsman bungalows, American Foursquare houses, and modern Tudor homes, many with views of Lake Hiawatha. Homes built between the late 19th and early 20th centuries add to the area's historic character. Schools in the area are highly rated, with Northrop Elementary, Sanford Middle School, and Roosevelt High School all receiving commendable ratings. Dining options include Bull’s Horn Food and Drink, known for its fried chicken, and Venn Brewing, a dog-friendly brewery near the Metro Blue Line. Healthcare is accessible with United Hospital just 2.5 miles away, reachable by public transportation. The neighborhood is safer than the national average, adding to its appeal for families and individuals alike. With its tree-lined streets and diverse architectural styles, Ericsson offers a unique living experience in Minneapolis, blending outdoor recreation with convenient amenities.
Frequently Asked Questions
Is Ericsson a good place to live?
Ericsson is a good place to live, receiving 4.2 stars from its residents. Ericsson is considered somewhat walkable and very bikeable with good transit options. Ericsson has 6 parks for recreational activities. It is somewhat dense in population with 6.1 people per acre and a median age of 42. The average household income is $125,207 which is above the national average. College graduates make up 62.1% of residents. A majority of residents in Ericsson are home owners, with 25.5% of residents renting and 74.5% of residents owning their home. A
local real estate agent serving Ericsson can help you decide if this neighborhood is the right one for you. Learn more on our
Ericsson neighborhood guide.
How much do you need to make to afford a house in Ericsson?
The median home price in Ericsson is $416,900. If you put a 20% down payment of $83,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,160 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Ericsson. The average household income in Ericsson is $125K.
What are the best public schools in Ericsson?
The best public schools that serve Ericsson are:
What are the best private schools in Ericsson?
The best private schools that serve Ericsson are:
What are the most popular zip codes in Ericsson, Minneapolis, MN?
What are the most popular neighborhoods near Ericsson, Minneapolis, MN?
Home Trends in Ericsson, MN
On average, homes in Ericsson, Minneapolis sell after 12 days on the market compared to the national average of 70 days. The median sale price for homes in Ericsson, Minneapolis over the last 12 months is $323,585.
Median Sale Price
$323,585
Median Single Family Sale Price
$416,900
Median Townhouse Sale Price
$830,455
Median 2 Bedroom Sale Price
$1,225,000
Average Price Per Sq Ft
$340
Number of Homes for Sale
10
Last 12 months Home Sales
6
Median List Price
$416,900
Median Change From 1st List Price
0%