Why Live in Northeast Park
Northeast Park in Minneapolis is a vibrant neighborhood known for its thriving arts scene, centered around the Northrup King Building, a former seed company factory now housing hundreds of artists and studios. This complex hosts various events throughout the year, including Art-A-Whirl in May, the largest open studio tour in the country. The neighborhood features primarily single-family homes, including bungalows, ranch-styles, and two-story Queen Annes, with a mix of homeowners and renters due to limited housing inventory. Northeast Park, the neighborhood's namesake, offers extensive recreational facilities such as baseball, soccer, and softball fields, a tennis court, a bike skills course, a picnic area, a playground, a walking path, and a seasonal water park. The Ridgway Parkway Regional Trail provides a scenic overlook of the Minneapolis skyline. The area is car-dependent, though improvements to the local bus system are expected. The Minneapolis-Saint Paul International Airport is 16 miles away. Local schools, including Pillsbury Elementary, Northeast Middle School, and Thomas Edison High School, have average ratings. The neighborhood's commercial district features renovated warehouses now hosting coffee shops and craft breweries like Sociable Cider Werks, Bauhaus Brew Labs, and Padraigs Brewing. The Quarry shopping center offers various big-box stores. Northeast Park has a crime rate on par with the national average, making it a relatively safe place to live.
Frequently Asked Questions
Is Northeast Park a good place to live?
Northeast Park is a good place to live. Northeast Park is considered fairly walkable and a biker's paradise with some transit options. Northeast Park is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Northeast Park has 6 parks for recreational activities. It is sparse in population with 1.4 people per acre and a median age of 34. The average household income is $98,120 which is above the national average. College graduates make up 41.2% of residents. A majority of residents in Northeast Park are home owners, with 47.3% of residents renting and 52.7% of residents owning their home. A
local real estate agent serving Northeast Park can help you decide if this neighborhood is the right one for you. Learn more on our
Northeast Park neighborhood guide.
Is Northeast Park, MN a safe neighborhood?
Northeast Park, MN is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Northeast Park?
The median home price in Northeast Park is $1,400,000. If you put a 20% down payment of $280,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $7,260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $311K a year to afford the median home price in Northeast Park. The average household income in Northeast Park is $98K.
What are the best public schools in Northeast Park?
The best public schools that serve Northeast Park are:
What are the best private schools in Northeast Park?
The best private schools that serve Northeast Park are:
What are the most popular zip codes in Northeast Park, Minneapolis, MN?
What are the most popular neighborhoods near Northeast Park, Minneapolis, MN?
Are home prices dropping in Northeast Park?
Yes, home prices in Northeast Park are down 50% in the last 12 months.
Home Trends in Northeast Park, MN
On average, homes in Northeast Park, Minneapolis sell after 48 days on the market compared to the national average of 70 days. The median sale price for homes in Northeast Park, Minneapolis over the last 12 months is $82,500, down 76% from the median home sale price over the previous 12 months.
Median Sale Price
$82,500
Median Single Family Sale Price
$1,400,000
Median 1 Bedroom Sale Price
$120,000
Average Price Per Sq Ft
$220
Number of Homes for Sale
2
Last 12 months Home Sales
12
Median List Price
$1,400,000
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
-76%