What is the Best Neighborhoods USA ranking for North Loop?
North Loop is ranked #50 of 83 eligible neighborhoods in Minneapolis; #191 of 275 eligible neighborhoods in MN; and #6,346 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
North Loop
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
53.5
Stability and Strength
67.4
Value Opportunity
67.6
Momentum
11.4
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 | #6,346 of 14,967 |
| State rank | #191 of 275 |
| City rank | #50 of 83 |
| County rank | #134 of 185 |
| National percentile | 57.6 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $568,498 |
| Year-over-year home value change | -3.9% |
| Month-over-month home value change | -0.41% |
| Home value to income ratio | 4.83 |
| Median household income | $117,719 |
| Bachelor's degree or higher | 75.6% |
| Civilian unemployment rate | 2.1% |
| Homeownership rate | 23.2% |
| Housing vacancy rate | 9.1% |
| Rent burden 30% or higher | 32.7% |
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 North Loop
Is North Loop one of the best neighborhoods in Minneapolis?
North Loop has a Best Neighborhoods USA Index of 53.5 and a city ranking of #50 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in North Loop?
The current Zillow Home Value Index for North Loop is approximately $568,498.
Are home values rising or falling in North Loop?
Zillow neighborhood values changed -3.9% year over year and -0.41% month over month.
What is the Neighborhood Momentum Score for North Loop?
North Loop has a Neighborhood Momentum Score of 11.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in North Loop?
The NDS-derived neighborhood median household income is approximately $117,719.
How affordable is North Loop relative to household income?
The current Zillow home-value-to-household-income ratio is 4.83. Price-to-income affordability is a major Value Opportunity input.
Is North Loop primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 23.2%.
What is the unemployment rate in North Loop?
The NDS-derived civilian unemployment rate is approximately 2.1%.
How educated are residents of North Loop?
Approximately 75.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in North Loop face high rent burden?
Approximately 32.7% 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 North Loop?
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 applications160
Estimated originations100
Home-purchase applications122
Origination rate62.1%
Home-purchase share76.0%
Average application loan$653,426
Total application loan amount$104,864,767
National application rank#2,730 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 24.1% YoY; originations 3.6% 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.