What is the Best Neighborhoods USA ranking for Near North?
Near North is ranked #60 of 83 eligible neighborhoods in Minneapolis; #220 of 275 eligible neighborhoods in MN; and #8,535 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Near North
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
47.5
Stability and Strength
36.0
Value Opportunity
39.9
Momentum
76.7
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 | #8,535 of 14,967 |
| State rank | #220 of 275 |
| City rank | #60 of 83 |
| County rank | #150 of 185 |
| National percentile | 43.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $277,332 |
| Year-over-year home value change | 3.8% |
| Month-over-month home value change | 0.28% |
| Home value to income ratio | 5.62 |
| Median household income | $49,321 |
| Bachelor's degree or higher | 31.1% |
| Civilian unemployment rate | 3.2% |
| Homeownership rate | 50.1% |
| Housing vacancy rate | 13.6% |
| Rent burden 30% or higher | 64.9% |
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 Near North
Is Near North one of the best neighborhoods in Minneapolis?
Near North has a Best Neighborhoods USA Index of 47.5 and a city ranking of #60 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Near North?
The current Zillow Home Value Index for Near North is approximately $277,332.
Are home values rising or falling in Near North?
Zillow neighborhood values changed 3.8% year over year and 0.28% month over month.
What is the Neighborhood Momentum Score for Near North?
Near North has a Neighborhood Momentum Score of 76.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Near North?
The NDS-derived neighborhood median household income is approximately $49,321.
How affordable is Near North relative to household income?
The current Zillow home-value-to-household-income ratio is 5.62. Price-to-income affordability is a major Value Opportunity input.
Is Near North primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 50.1%.
What is the unemployment rate in Near North?
The NDS-derived civilian unemployment rate is approximately 3.2%.
How educated are residents of Near North?
Approximately 31.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Near North face high rent burden?
Approximately 64.9% 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 Near North?
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 applications154
Estimated originations90
Home-purchase applications85
Origination rate58.6%
Home-purchase share54.8%
Average application loan$283,116
Total application loan amount$43,686,045
National application rank#2,838 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 25.4% YoY; originations 29.2% 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.