What is the Best Neighborhoods USA ranking for Elliot Park?
Elliot Park is ranked #78 of 83 eligible neighborhoods in Minneapolis; #269 of 275 eligible neighborhoods in MN; and #13,805 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Elliot Park
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
27.9
Stability and Strength
28.9
Value Opportunity
30.8
Momentum
22.1
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Minneapolis, MN |
| County | Hennepin County |
| National rank | #13,805 of 14,967 |
| State rank | #269 of 275 |
| City rank | #78 of 83 |
| County rank | #180 of 185 |
| National percentile | 7.8 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $427,100 |
| Year-over-year home value change | -1.5% |
| Month-over-month home value change | -0.66% |
| Home value to income ratio | 7.05 |
| Median household income | $60,549 |
| Bachelor's degree or higher | 43.7% |
| Civilian unemployment rate | 9.8% |
| Homeownership rate | 21.5% |
| Housing vacancy rate | 17.1% |
| Rent burden 30% or higher | 55.0% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Elliot Park
Is Elliot Park one of the best neighborhoods in Minneapolis?
Elliot Park has a Best Neighborhoods USA Index of 27.9 and a city ranking of #78 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Elliot Park?
The current Zillow Home Value Index for Elliot Park is approximately $427,100.
Are home values rising or falling in Elliot Park?
Zillow neighborhood values changed -1.5% year over year and -0.66% month over month.
What is the Neighborhood Momentum Score for Elliot Park?
Elliot Park has a Neighborhood Momentum Score of 22.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Elliot Park?
The NDS-derived neighborhood median household income is approximately $60,549.
How affordable is Elliot Park relative to household income?
The current Zillow home-value-to-household-income ratio is 7.05. Price-to-income affordability is a major Value Opportunity input.
Is Elliot Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 21.5%.
What is the unemployment rate in Elliot Park?
The NDS-derived civilian unemployment rate is approximately 9.8%.
How educated are residents of Elliot Park?
Approximately 43.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Elliot Park face high rent burden?
Approximately 55.0% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Elliot Park?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications76
Estimated originations54
Home-purchase applications57
Origination rate70.0%
Home-purchase share74.9%
Average application loan$395,998
Total application loan amount$30,268,482
National application rank#5,430 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 25.9% YoY; originations 16.3% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.