Why Live in Folwell
Folwell, located in the Northside of Minneapolis within the Camden community, is known for its charming cottages and bungalows, as well as Folwell Park, the largest park in North Minneapolis. This neighborhood features a variety of single-family homes, many with small yards and garages, and some situated on inclines with built-in staircases for accessibility. The active homeowners association frequently organizes community events, fostering a strong sense of neighborhood camaraderie. Local businesses, such as The Lowry Cafe, provide convenient dining options, while downtown Minneapolis, just 5 miles south via Interstate 94, offers additional amenities including award-winning restaurants and historic theaters. Folwell's housing market is noted for its affordability, with homes typically priced between $100,000 and $400,000, making it an attractive option for those seeking quality pre-World War II homes. The neighborhood's crime rate is comparable to the national average, providing a balanced living environment. While the local schools, including Lucy Craft Laney Elementary, Olson Middle School, and Henry High School, have mixed ratings, they emphasize community and inclusion, offering various educational programs.
Frequently Asked Questions
Is Folwell a good place to live?
Folwell is a good place to live. Folwell is considered car-dependent and bikeable with good transit options. Folwell is a suburban neighborhood. Folwell has 6 parks for recreational activities. It is very dense in population with 15.9 people per acre and a median age of 32. The average household income is $73,723 which is below the national average. College graduates make up 22.1% of residents. A majority of residents in Folwell are home owners, with 42.4% of residents renting and 57.6% of residents owning their home. A
local real estate agent serving Folwell can help you decide if this neighborhood is the right one for you. Learn more on our
Folwell neighborhood guide.
How much do you need to make to afford a house in Folwell?
The median home price in Folwell is $214,900. If you put a 20% down payment of $43,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $1,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $47K a year to afford the median home price in Folwell. The average household income in Folwell is $74K.
What are the best public schools in Folwell?
The best public schools that serve Folwell are:
What are the best private schools in Folwell?
The best private schools that serve Folwell are:
What are the most popular zip codes in Folwell, Minneapolis, MN?
What are the most popular neighborhoods near Folwell, Minneapolis, MN?
Home Trends in Folwell, MN
On average, homes in Folwell, Minneapolis sell after 35 days on the market compared to the national average of 52 days. The median sale price for homes in Folwell, Minneapolis over the last 12 months is $214,400, up 19% from the median home sale price over the previous 12 months.
Median Sale Price
$214,400
Median Single Family Sale Price
$225,000
Median Townhouse Sale Price
$83,000
Average Price Per Sq Ft
$163
Number of Homes for Sale
14
Last 12 months Home Sales
93
Median List Price
$214,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
19%