Midtown Phillips, Minneapolis, MN
Midtown Phillips — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Midtown Phillips, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Midtown Phillips Neighborhood Overview
Midtown Phillips is a culturally rich and diverse neighborhood in South Minneapolis, centered around the bustling East Lake Street corridor. It is part of the larger Phillips community and is known for its strong sense of identity and community activism. The neighborhood offers a dynamic urban living experience with a mix of residential streets and commercial vitality.
Lifestyle & Amenities
The heart of the neighborhood is anchored by the Midtown Global Market, an international public market featuring food, art, and goods from around the world. Residents enjoy easy access to a variety of local restaurants, bakeries, and small businesses that reflect the area's multicultural fabric. The neighborhood is also home to several parks and is close to the scenic Midtown Greenway for recreation.
Real Estate Market
The real estate market in Midtown Phillips features a range of housing options, including single-family homes, duplexes, and apartment buildings. According to U.S. Census data, the median home value in the area is $272,100. This presents a more accessible entry point to homeownership compared to many other Minneapolis neighborhoods.
Schools & Education
Families in Midtown Phillips are served by Minneapolis Public Schools. The neighborhood is home to several public school options, including community and language immersion programs. As with any urban district, prospective residents are encouraged to research current school assignments and programs directly with the district.
Transportation & Connectivity
Midtown Phillips boasts excellent transportation access, with multiple Metro Transit bus lines running along major corridors like Lake Street and Chicago Avenue. The dedicated, car-free Midtown Greenway provides a key east-west route for cyclists and pedestrians. Its central location offers quick connections to downtown Minneapolis, the University of Minnesota, and major highways.
Why Choose Midtown Phillips
Midtown Phillips appeals to those seeking an affordable, vibrant, and authentically diverse urban neighborhood. The incredible access to global cuisine and unique small businesses, combined with strong transit options, creates a convenient and engaging lifestyle. It is a community with deep roots and a palpable energy, ideal for residents who value cultural richness and connectivity.
Midtown Phillips Market Data
| Metric | Value |
|---|---|
| Median Home Price | $272K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $41K |
| Homeownership Rate | 17.2% |
| Renter-Occupied | 82.8% |
| Rental Vacancy Rate | 6.0% |
| Market Type | Balanced |
| Market Tier | Mid-Range |
| Primary ZIP Code | 55404 |
| 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 Midtown Phillips, Minneapolis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Midtown Phillips, 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