Why Live in Phillips West
Phillips West in Minneapolis is a developing urban neighborhood located along U.S. Interstate 35 West, featuring a variety of housing options from apartment complexes and condos to four-plexes, duplexes, and single-family homes. The area showcases diverse architectural styles, including Victorian-era builds, Prairie-style homes, and Queen Annes. Cultural landmarks like the American Swedish Institute and the Midtown Global Market highlight the neighborhood's rich history and cultural diversity. Outdoor amenities include Peavey Field Park, Stewart Park, and the Midtown Greenway, which offers 5.7 miles of paved paths connecting western Minneapolis to downtown. Powderhorn Park, just 1 mile away, provides scenic lake views and seasonal ice-skating. The neighborhood hosts annual events like the Spring Celebration and Winter Social, fostering a strong community spirit. Dining options include Lu’s Sandwiches for Vietnamese cuisine, Taqueria la Hacienda for Mexican fare, and Christos Greek Restaurant for Mediterranean dishes. Shopping is convenient with local retailers on East Lake Street and big-box stores at Minnehaha Center, 2 miles east. Families are served by the Minneapolis Public School District, with South Senior High School offering a well-regarded education. Public transportation is accessible via the Metro Transit bus at the I-35W & Lake Street Station, and the Minneapolis–Saint Paul International Airport is 10 miles away. Phillips West remains an attractive option for young professionals and investors seeking affordable housing near downtown Minneapolis.
Frequently Asked Questions
Is Phillips West a good place to live?
Phillips West is a good place to live. Phillips West is considered fairly walkable and a biker's paradise with good transit options. Phillips West has 7 parks for recreational activities. It is very dense in population with 20.1 people per acre and a median age of 37. The average household income is $49,661 which is below the national average. College graduates make up 23.1% of residents. A majority of residents in Phillips West are renters, with 84.9% of residents renting and 15.1% of residents owning their home. A
local real estate agent serving Phillips West can help you decide if this neighborhood is the right one for you. Learn more on our
Phillips West neighborhood guide.
How much do you need to make to afford a house in Phillips West?
The median home price in Phillips West is $108,500. If you put a 20% down payment of $21,700 and had a 30-year fixed mortgage with an interest rate of 6.17%, your estimated principal and interest payment would be $530 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $23K a year to afford the median home price in Phillips West. The average household income in Phillips West is $50K.
What are the best public schools in Phillips West?
The best public schools that serve Phillips West are:
What are the best private schools in Phillips West?
The best private schools that serve Phillips West are:
What are the most popular zip codes in Phillips West, Minneapolis, MN?
What are the most popular neighborhoods near Phillips West, Minneapolis, MN?
Are home prices dropping in Phillips West?
Yes, home prices in Phillips West are down 31% in the last 12 months.
Home Trends in Phillips West, MN
On average, homes in Phillips West, Minneapolis sell after 63 days on the market compared to the national average of 53 days. The median sale price for homes in Phillips West, Minneapolis over the last 12 months is $113,500, down 47% from the median home sale price over the previous 12 months.
Median Sale Price
$113,500
Median Single Family Sale Price
$259,900
Median Townhouse Sale Price
$94,900
Average Price Per Sq Ft
$129
Number of Homes for Sale
4
Last 12 months Home Sales
10
Median List Price
$108,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-47%