Phillips West, Minneapolis, MN
Phillips West — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Phillips West, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Phillips West Neighborhood Overview
Phillips West is a historic, culturally rich neighborhood in South Minneapolis, defined by its diversity and community spirit. Centered near the intersection of Chicago Avenue and Franklin Avenue, it offers a central urban location with a strong sense of place. The neighborhood is known for its active resident associations and deep-rooted history as one of the city's oldest communities.
Lifestyle & Amenities
Residents enjoy a vibrant mix of local businesses, cultural institutions, and green spaces. The area is home to the renowned Midtown Global Market, a culinary and retail hub featuring international vendors. Nearby parks, including Peavey Park, provide essential recreational space for the community.
Real Estate Market
The housing market in Phillips West is characterized by its relative affordability within Minneapolis. The U.S. Census reports a median home value of $272,100, which is below the citywide average. The neighborhood features a mix of early 20th-century single-family homes, duplexes, and apartment buildings.
Schools & Education
Phillips West is served by Minneapolis Public Schools, offering several educational options within and near the neighborhood. Families can explore a variety of public, charter, and community-based early childhood programs. The specific school assignments and ratings can vary, so prospective residents should consult the current district maps and guides.
Transportation & Connectivity
The neighborhood boasts excellent transit access, with multiple Metro Transit bus lines running along its major corridors. Its central location provides quick connections to downtown Minneapolis, the University of Minnesota, and the broader metro area via nearby Interstate 35W. The area is also very walkable for daily errands and amenities.
Why Choose Phillips West
Phillips West appeals to those seeking an affordable, authentic, and connected urban living experience. Its incredible cultural diversity, community activism, and unique local businesses create a dynamic environment. The neighborhood offers a strong value proposition for buyers and renters who want to be centrally located in a historic Minneapolis community.
Phillips West 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 Phillips West, Minneapolis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Phillips West, Minneapolis, MN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
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