What is the Best Neighborhoods USA ranking for Ericsson?
Ericsson is ranked #10 of 83 eligible neighborhoods in Minneapolis; #44 of 275 eligible neighborhoods in MN; and #510 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Ericsson
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
76.1
Stability and Strength
75.0
Value Opportunity
74.6
Momentum
80.0
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 | #510 of 14,967 |
| State rank | #44 of 275 |
| City rank | #10 of 83 |
| County rank | #30 of 185 |
| National percentile | 96.6 |
| National band | TOP_5_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $408,991 |
| Year-over-year home value change | 4.7% |
| Month-over-month home value change | 0.25% |
| Home value to income ratio | 3.43 |
| Median household income | $119,260 |
| Bachelor's degree or higher | 64.7% |
| Civilian unemployment rate | 3.3% |
| Homeownership rate | 84.9% |
| Housing vacancy rate | 8.3% |
| Rent burden 30% or higher | 29.4% |
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 Ericsson
Is Ericsson one of the best neighborhoods in Minneapolis?
Ericsson has a Best Neighborhoods USA Index of 76.1 and a city ranking of #10 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Ericsson?
The current Zillow Home Value Index for Ericsson is approximately $408,991.
Are home values rising or falling in Ericsson?
Zillow neighborhood values changed 4.7% year over year and 0.25% month over month.
What is the Neighborhood Momentum Score for Ericsson?
Ericsson has a Neighborhood Momentum Score of 80.0. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Ericsson?
The NDS-derived neighborhood median household income is approximately $119,260.
How affordable is Ericsson relative to household income?
The current Zillow home-value-to-household-income ratio is 3.43. Price-to-income affordability is a major Value Opportunity input.
Is Ericsson primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 84.9%.
What is the unemployment rate in Ericsson?
The NDS-derived civilian unemployment rate is approximately 3.3%.
How educated are residents of Ericsson?
Approximately 64.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Ericsson face high rent burden?
Approximately 29.4% 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 Ericsson?
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 applications127
Estimated originations91
Home-purchase applications69
Origination rate71.4%
Home-purchase share54.1%
Average application loan$225,203
Total application loan amount$28,601,071
National application rank#3,471 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 25.3% YoY; originations 45.9% 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.