What is the Best Neighborhoods USA ranking for Marshall Terrace?
Marshall Terrace is ranked #54 of 83 eligible neighborhoods in Minneapolis; #198 of 275 eligible neighborhoods in MN; and #6,849 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Marshall Terrace
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
52.1
Stability and Strength
47.3
Value Opportunity
52.1
Momentum
60.1
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 | #6,849 of 14,967 |
| State rank | #198 of 275 |
| City rank | #54 of 83 |
| County rank | #140 of 185 |
| National percentile | 54.2 |
| National band | MIDDLE_50_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 | $309,054 |
| Year-over-year home value change | 2.7% |
| Month-over-month home value change | -0.08% |
| Home value to income ratio | 4.65 |
| Median household income | $66,449 |
| Bachelor's degree or higher | 44.4% |
| Civilian unemployment rate | 5.4% |
| Homeownership rate | 56.1% |
| Housing vacancy rate | 5.6% |
| Rent burden 30% or higher | 51.5% |
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 Marshall Terrace
Is Marshall Terrace one of the best neighborhoods in Minneapolis?
Marshall Terrace has a Best Neighborhoods USA Index of 52.1 and a city ranking of #54 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Marshall Terrace?
The current Zillow Home Value Index for Marshall Terrace is approximately $309,054.
Are home values rising or falling in Marshall Terrace?
Zillow neighborhood values changed 2.7% year over year and -0.08% month over month.
What is the Neighborhood Momentum Score for Marshall Terrace?
Marshall Terrace has a Neighborhood Momentum Score of 60.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Marshall Terrace?
The NDS-derived neighborhood median household income is approximately $66,449.
How affordable is Marshall Terrace relative to household income?
The current Zillow home-value-to-household-income ratio is 4.65. Price-to-income affordability is a major Value Opportunity input.
Is Marshall Terrace primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 56.1%.
What is the unemployment rate in Marshall Terrace?
The NDS-derived civilian unemployment rate is approximately 5.4%.
How educated are residents of Marshall Terrace?
Approximately 44.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Marshall Terrace face high rent burden?
Approximately 51.5% 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 Marshall Terrace?
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 applications42
Estimated originations29
Home-purchase applications26
Origination rate70.1%
Home-purchase share61.0%
Average application loan$201,802
Total application loan amount$8,487,825
National application rank#7,935 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 20.1% YoY; originations 14.8% 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.