What is the Best Neighborhoods USA ranking for Midtown Phillips?
Midtown Phillips is ranked #80 of 83 eligible neighborhoods in Minneapolis; #272 of 275 eligible neighborhoods in MN; and #14,332 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Midtown Phillips
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
23.8
Stability and Strength
20.4
Value Opportunity
23.0
Momentum
30.5
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 | #14,332 of 14,967 |
| State rank | #272 of 275 |
| City rank | #80 of 83 |
| County rank | #182 of 185 |
| National percentile | 4.2 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $258,903 |
| Year-over-year home value change | -0.7% |
| Month-over-month home value change | -0.37% |
| Home value to income ratio | 7.47 |
| Median household income | $34,656 |
| Bachelor's degree or higher | 36.7% |
| Civilian unemployment rate | 14.1% |
| Homeownership rate | 38.9% |
| Housing vacancy rate | 13.6% |
| Rent burden 30% or higher | 65.7% |
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 Midtown Phillips
Is Midtown Phillips one of the best neighborhoods in Minneapolis?
Midtown Phillips has a Best Neighborhoods USA Index of 23.8 and a city ranking of #80 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Midtown Phillips?
The current Zillow Home Value Index for Midtown Phillips is approximately $258,903.
Are home values rising or falling in Midtown Phillips?
Zillow neighborhood values changed -0.7% year over year and -0.37% month over month.
What is the Neighborhood Momentum Score for Midtown Phillips?
Midtown Phillips has a Neighborhood Momentum Score of 30.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Midtown Phillips?
The NDS-derived neighborhood median household income is approximately $34,656.
How affordable is Midtown Phillips relative to household income?
The current Zillow home-value-to-household-income ratio is 7.47. Price-to-income affordability is a major Value Opportunity input.
Is Midtown Phillips primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 38.9%.
What is the unemployment rate in Midtown Phillips?
The NDS-derived civilian unemployment rate is approximately 14.1%.
How educated are residents of Midtown Phillips?
Approximately 36.7% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Midtown Phillips face high rent burden?
Approximately 65.7% 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 Midtown Phillips?
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 applications58
Estimated originations32
Home-purchase applications31
Origination rate55.2%
Home-purchase share53.5%
Average application loan$168,243
Total application loan amount$9,766,040
National application rank#6,640 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -13.4% YoY; originations -11.1% 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.