Hiawatha, Minneapolis, MN
Hiawatha — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Hiawatha, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Hiawatha Neighborhood Overview
Hiawatha is a residential neighborhood in South Minneapolis, Minnesota, defined by its namesake thoroughfare and proximity to natural amenities. Centered around ZIP code 55406, the area offers a quiet, community-focused atmosphere within the city. Its location provides residents with a blend of suburban tranquility and urban accessibility.
Lifestyle & Amenities
The neighborhood's crown jewel is Lake Hiawatha Park, a 155-acre recreational area featuring a beach, golf course, and walking trails around the lake. Residents enjoy easy access to local shops and restaurants along Minnehaha Avenue and the nearby Midtown Global Market. This combination of outdoor space and commercial corridors supports an active, convenient lifestyle.
Real Estate Market
The housing market in Hiawatha consists primarily of single-family homes, along with some duplexes and apartments. According to U.S. Census data, the median home value in the area is approximately $313,400. This positions the neighborhood as a relatively affordable option within the Minneapolis housing landscape.
Schools & Education
Hiawatha is served by the Minneapolis Public Schools district, which provides several educational options for families. The neighborhood is in close proximity to various public schools, though specific ratings and program details should be verified with the current district resources. Higher education institutions in the broader Twin Cities area are also easily accessible.
Transportation & Connectivity
Hiawatha is exceptionally well-connected, bordered by the METRO Blue Line light rail which provides direct service to downtown Minneapolis, the airport, and the Mall of America. Major roadways like Hiawatha Avenue (Minnesota State Highway 55) and Interstate 94 offer quick routes for drivers. This multi-modal access makes commuting and regional travel highly efficient.
Why Choose Hiawatha
Homebuyers choose Hiawatha for its perfect balance of parkland serenity and transit-oriented convenience. With a median household income of about $87,751, the community is economically stable and diverse. It is an ideal neighborhood for those seeking a family-friendly environment with outstanding access to both nature and the entire metro area.
Hiawatha Market Data
| Metric | Value |
|---|---|
| Median Home Price | $313K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $88K |
| Homeownership Rate | 66.8% |
| Renter-Occupied | 33.2% |
| Rental Vacancy Rate | 5.3% |
| Market Type | Balanced |
| Market Tier | Mid-Range |
| Primary ZIP Code | 55406 |
| 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 Hiawatha, Minneapolis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Hiawatha, 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