What is the Best Neighborhoods USA ranking for Phillips West?
Phillips West is ranked #82 of 83 eligible neighborhoods in Minneapolis; #274 of 275 eligible neighborhoods in MN; and #14,564 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Phillips West
Minneapolis, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
21.1
Stability and Strength
23.1
Value Opportunity
28.0
Momentum
8.4
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 | #14,564 of 14,967 |
| State rank | #274 of 275 |
| City rank | #82 of 83 |
| County rank | #184 of 185 |
| National percentile | 2.7 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $272,506 |
| Year-over-year home value change | -3.9% |
| Month-over-month home value change | -1.03% |
| Home value to income ratio | 7.16 |
| Median household income | $38,075 |
| Bachelor's degree or higher | 37.2% |
| Civilian unemployment rate | 20.7% |
| Homeownership rate | 11.6% |
| Housing vacancy rate | 5.1% |
| Rent burden 30% or higher | 56.9% |
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 Phillips West
Is Phillips West one of the best neighborhoods in Minneapolis?
Phillips West has a Best Neighborhoods USA Index of 21.1 and a city ranking of #82 of 83 eligible neighborhoods in Minneapolis.
How much are homes worth in Phillips West?
The current Zillow Home Value Index for Phillips West is approximately $272,506.
Are home values rising or falling in Phillips West?
Zillow neighborhood values changed -3.9% year over year and -1.03% month over month.
What is the Neighborhood Momentum Score for Phillips West?
Phillips West has a Neighborhood Momentum Score of 8.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Phillips West?
The NDS-derived neighborhood median household income is approximately $38,075.
How affordable is Phillips West relative to household income?
The current Zillow home-value-to-household-income ratio is 7.16. Price-to-income affordability is a major Value Opportunity input.
Is Phillips West primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 11.6%.
What is the unemployment rate in Phillips West?
The NDS-derived civilian unemployment rate is approximately 20.7%.
How educated are residents of Phillips West?
Approximately 37.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Phillips West face high rent burden?
Approximately 56.9% 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 Phillips West?
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 applications45
Estimated originations26
Home-purchase applications25
Origination rate56.9%
Home-purchase share54.8%
Average application loan$335,408
Total application loan amount$15,214,707
National application rank#7,649 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -3.4% YoY; originations 0.8% 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.