Waite Park, Minneapolis, MN
Waite Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Waite Park, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Waite Park Neighborhood Overview
Waite Park is a residential neighborhood in Northeast Minneapolis, known for its quiet, family-friendly atmosphere and strong sense of community. The area features a mix of well-maintained homes, mature trees, and several local parks that provide green space for residents. Its convenient location offers a suburban feel within the city limits of Minneapolis.
Lifestyle & Amenities
The neighborhood is centered around Waite Park itself, which offers a community garden, playground, and sports facilities. Residents enjoy easy access to local favorites like the 56 Brewing taproom and various restaurants and shops along Central Avenue. The annual Waite Park Community Festival is a highlight, fostering neighborly connections.
Real Estate Market
The Waite Park housing market is characterized by a mix of classic single-family homes, bungalows, and some duplexes. According to U.S. Census data, the median home value in the area is approximately $317,900. This represents a stable and attractive market for first-time homebuyers and families seeking value in Minneapolis.
Schools & Education
Families in Waite Park are served by Minneapolis Public Schools. The neighborhood is home to Waite Park Elementary School, a community-centered institution. For higher education, the University of Minnesota and several other colleges are a short commute away.
Transportation & Connectivity
Waite Park is highly accessible, bordered by major arteries like Central Avenue and University Avenue. Multiple Metro Transit bus lines run through the area, providing direct routes to downtown Minneapolis, the University of Minnesota, and other key destinations. The neighborhood also offers good connectivity for cyclists and drivers.
Why Choose Waite Park
Waite Park is an ideal choice for those seeking a peaceful, established neighborhood with a tight-knit community vibe. With a median household income of about $89,955, it offers economic stability and access to urban amenities without the downtown bustle. Its excellent parks, local businesses, and convenient transportation make it a perennial favorite in Northeast Minneapolis.
Waite Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $318K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $90K |
| Homeownership Rate | 63.1% |
| Renter-Occupied | 36.9% |
| Rental Vacancy Rate | 4.4% |
| Market Type | Balanced |
| Market Tier | Mid-Range |
| Primary ZIP Code | 55418 |
| 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 Waite Park, Minneapolis
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Waite Park, 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