Prospect Knolls, Minneapolis, MN
Prospect Knolls — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Prospect Knolls, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Prospect Knolls Neighborhood Overview
Prospect Knolls is a residential neighborhood in Minneapolis, Minnesota, offering a quiet, suburban atmosphere within the city. Located with the ZIP code 55439, it provides residents with a sense of community and spacious living. The area is characterized by its well-maintained homes and family-friendly environment.
Lifestyle & Amenities
Residents enjoy a peaceful lifestyle with access to local parks and green spaces for recreation. The neighborhood's location provides convenient access to shopping centers and dining options in the broader Minneapolis area. Its suburban setting is ideal for those seeking tranquility while remaining close to urban conveniences.
Real Estate Market
The real estate market in Prospect Knolls is strong, with a U.S. Census median home value of $631,400. This indicates a stable and desirable housing market for homeowners. The area primarily features single-family homes on generous lots, appealing to families and professionals.
Schools & Education
Families in Prospect Knolls are served by the Minneapolis Public School District or nearby suburban districts, depending on specific boundaries. The neighborhood's high median household income often correlates with strong community support for local educational institutions. Parents have access to a variety of public and private school options in the region.
Transportation & Connectivity
Major roadways like Interstate 494 provide excellent connectivity for commuters traveling to downtown Minneapolis, the airport, and other business centers. While primarily car-dependent, the area's layout facilitates easy navigation by personal vehicle. Public transit options are available through the broader Metro Transit network serving the southwest metro.
Why Choose Prospect Knolls
Prospect Knolls is an excellent choice for those seeking a high-quality suburban lifestyle with the economic benefits of Minneapolis. With a high median household income of $167,194, the community offers financial stability and investment in local amenities. It represents an ideal blend of serene residential living and metropolitan accessibility.
Prospect Knolls Market Data
| Metric | Value |
|---|---|
| Median Home Price | $631K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $167K |
| Homeownership Rate | 91.0% |
| Renter-Occupied | 9.0% |
| Rental Vacancy Rate | 13.9% |
| Market Type | Buyer's |
| Market Tier | Upper Mid |
| Primary ZIP Code | 55439 |
| 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 Prospect Knolls, Minneapolis
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Prospect Knolls, 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