Northrop, Minneapolis, MN
Northrop — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Northrop, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Northrop Neighborhood Overview
Northrop is a residential neighborhood in the Longfellow community of Minneapolis, Minnesota. It is a primarily residential area characterized by its quiet streets and classic early 20th-century homes. The neighborhood offers a peaceful, community-focused atmosphere within the larger city.
Lifestyle & Amenities
Residents enjoy a quiet, family-friendly environment with easy access to local parks and green spaces. The neighborhood's central location provides convenient proximity to the commercial corridors of Lake Street and Hiawatha Avenue. This allows for quick trips to a variety of shops, restaurants, and essential services.
Real Estate Market
The Northrop neighborhood features a stable real estate market with a mix of single-family homes, duplexes, and some multi-unit buildings. According to U.S. Census data, the median home value in the area is $291,500. This represents a more accessible price point within the broader Minneapolis housing market.
Schools & Education
Northrop is served by the Minneapolis Public Schools district, which provides several educational options for families. The specific schools serving the neighborhood can vary, so families are encouraged to check current district boundary maps and program offerings. The area is also in close proximity to several higher education institutions.
Transportation & Connectivity
Northrop boasts excellent transportation options, including convenient access to the METRO Blue Line light rail at the 38th Street Station. Major roadways like Hiawatha Avenue and Interstate 94 provide quick connections to downtown Minneapolis, the airport, and beyond. The neighborhood is also highly walkable and bike-friendly with good sidewalk coverage.
Why Choose Northrop
Northrop is an ideal choice for those seeking an affordable, well-connected neighborhood with a strong sense of community. The combination of historic housing stock, excellent transit access, and a median household income of $74,518 creates a balanced urban living experience. It offers the tranquility of a residential enclave without sacrificing the convenience and amenities of city life.
Northrop Market Data
| Metric | Value |
|---|---|
| Median Home Price | $292K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $75K |
| Homeownership Rate | 60.5% |
| Renter-Occupied | 39.5% |
| Rental Vacancy Rate | 2.8% |
| Market Type | Seller's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 55407 |
| 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 Northrop, Minneapolis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Northrop, 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