What is the Best Neighborhoods USA ranking for Northeast Park?
Northeast Park is ranked #37 of 83 eligible neighborhoods in Minneapolis; #150 of 275 eligible neighborhoods in MN; and #4,364 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Northeast Park
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
59.0
Stability and Strength
60.4
Value Opportunity
65.4
Momentum
47.7
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 | #4,364 of 14,967 |
| State rank | #150 of 275 |
| City rank | #37 of 83 |
| County rank | #107 of 185 |
| National percentile | 70.8 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $325,413 |
| Year-over-year home value change | -0.1% |
| Month-over-month home value change | 0.12% |
| Home value to income ratio | 3.98 |
| Median household income | $81,802 |
| Bachelor's degree or higher | 44.6% |
| Civilian unemployment rate | 1.0% |
| Homeownership rate | 45.1% |
| Housing vacancy rate | 7.9% |
| Rent burden 30% or higher | 29.7% |
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 Northeast Park
Is Northeast Park one of the best neighborhoods in Minneapolis?
Northeast Park has a Best Neighborhoods USA Index of 59.0 and a city ranking of #37 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Northeast Park?
The current Zillow Home Value Index for Northeast Park is approximately $325,413.
Are home values rising or falling in Northeast Park?
Zillow neighborhood values changed -0.1% year over year and 0.12% month over month.
What is the Neighborhood Momentum Score for Northeast Park?
Northeast Park has a Neighborhood Momentum Score of 47.7. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Northeast Park?
The NDS-derived neighborhood median household income is approximately $81,802.
How affordable is Northeast Park relative to household income?
The current Zillow home-value-to-household-income ratio is 3.98. Price-to-income affordability is a major Value Opportunity input.
Is Northeast Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 45.1%.
What is the unemployment rate in Northeast Park?
The NDS-derived civilian unemployment rate is approximately 1.0%.
How educated are residents of Northeast Park?
Approximately 44.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Northeast Park face high rent burden?
Approximately 29.7% 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 Northeast 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 applications30
Estimated originations20
Home-purchase applications17
Origination rate68.2%
Home-purchase share56.1%
Average application loan$262,730
Total application loan amount$7,829,681
National application rank#9,253 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -10.9% 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.