Ericsson, Minneapolis, MN
Ericsson — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Ericsson, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Ericsson Neighborhood Overview
Ericsson is a residential neighborhood in the Longfellow community of southeast Minneapolis. Bordered by the Mississippi River to the west and Hiawatha Avenue to the east, it offers a quiet, family-friendly atmosphere with strong community ties. The area is characterized by its well-kept homes, mature trees, and proximity to major parks and natural areas.
Lifestyle & Amenities
Residents enjoy easy access to the scenic Minnehaha Falls Regional Park and the Grand Rounds National Scenic Byway for recreation. The neighborhood is primarily residential, with convenient shopping and dining options available along nearby Hiawatha Avenue and in the adjacent Nokomis East communities. Its location provides a peaceful retreat while keeping urban amenities within a short drive or bus ride.
Real Estate Market
The Ericsson neighborhood features a stable real estate market with a mix of single-family homes, duplexes, and some smaller apartment buildings. According to U.S. Census data, the median home value in the area is $349,200. This reflects the desirability of its location, lot sizes, and the generally well-maintained housing stock.
Schools & Education
Families in Ericsson are served by the Minneapolis Public Schools district. Several well-regarded public schools are located in the surrounding Longfellow and Nokomis areas, providing educational options for children of various ages. The specific school assignments can vary, so prospective residents should verify current district boundaries and programs.
Transportation & Connectivity
Ericsson is highly accessible, with Hiawatha Avenue (Minnesota State Highway 55) providing a direct route to downtown Minneapolis and the Minneapolis−Saint Paul International Airport. Public transportation is available via Metro Transit bus lines along major corridors. The neighborhood's grid layout and connection to extensive bike trails also make it easy for cyclists and pedestrians to get around.
Why Choose Ericsson
Ericsson appeals to those seeking a classic Minneapolis neighborhood with a strong sense of community and above-average household incomes, which census data places at a median of $117,475. Its greatest strengths are its peaceful, green setting near the river and parks, combined with its practical connectivity to the entire metro area. It represents an ideal balance of suburban tranquility and urban convenience.
Ericsson Market Data
| Metric | Value |
|---|---|
| Median Home Price | $349K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $117K |
| Homeownership Rate | 80.3% |
| Renter-Occupied | 19.7% |
| Rental Vacancy Rate | 2.7% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 55417 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Ericsson, Minneapolis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Ericsson, Minneapolis, MN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12