Real Estate Prices and Overview
Hennepin Ave / Lyndale Ave S median real estate prices are $163,132, which is more expensive than 42.4% of the neighborhoods
in Minnesota and 50.9% of the
neighborhoods in the U.S.
Average rental prices in Hennepin Ave / Lyndale Ave S are currently
$897, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 43.8% of Minnesota neighborhoods.
Hennepin Ave / Lyndale Ave S is a densely urban neighborhood (based on population
density) located in Minneapolis, Minnesota.
Hennepin Ave / Lyndale Ave S real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings.
Most of the residential real estate is renter occupied. Many of
the residences in the Hennepin Ave / Lyndale Ave S neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Hennepin Ave / Lyndale Ave S are 6.7%,
which is lower than one will find in 65.7% of American
neighborhoods. Demand for real estate in Hennepin Ave / Lyndale Ave S
is above average for the U.S., and may signal some demand for either
price increases or new construction of residential product for this neighborhood.
Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Modes of Transportation
Would you like to be able to ride your bike to work? If you are attracted
to the idea of getting a little exercise of the two-wheeled type while
reducing your carbon footprint, bicycling to work might be the answer.
But which neighborhood you live in can make this either impossible, or
alternatively, a great and realistic option. NeighborhoodScout's analysis
revealed that the Hennepin Ave / Lyndale Ave S neighborhood is a fantastic
option for bicycle commuters, as 12.0% of commuters here do ride
their bikes to and from work on a daily basis. This is a higher amount
than we found in 99.6% of the neighborhoods in America.
Also, more people ride the bus in this neighborhood each day to get to work
than 98.0% of U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Hennepin Ave / Lyndale Ave S neighborhood has more
Austrian and Swedish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 1.7% of
this neighborhood's residents have Austrian ancestry and 5.4% have Swedish ancestry.
Hennepin Ave / Lyndale Ave S is also pretty special linguistically. Significantly, 0.5% of its residents five years old and above primarily
speak Navajo at home. While this may seem like a small percentage, it is higher
than 96.8% of the neighborhoods in America.
Notable & Unique: People
The types of households in a neighborhood can tell a lot about the character
and lifestyle of those living here. NeighborhoodScout's exclusive analysis
reveals that this neighborhood, above nearly every neighborhood in America,
has a greater percentage of its residents living alone: 56.6%. This
is a higher percent living alone than we found in 99.0% of
all U.S. neighborhoods. Often residents who live alone are new arrivals
to an area who are single, and often senior citizens who have lost a spouse.
In addition, the Hennepin Ave / Lyndale Ave S neighborhood stands out within Minnesota
for its college student friendly environment. NeighborhoodScout's analysis
reveals that this neighborhood is home to a number of college students,
is relatively walkable, and above average in safety. In combination, this
makes it stand out for a good place for college students to consider.
Because a number of college students live here, this neighborhood may
be close to a college campus and offer certain amenities nearby geared
towards the student body. While it's not an environment for everyone,
ambitious scholars can enjoy seasonal excitement between semesters and
school breaks, and parents can rest easy knowing that the area has an
above average safety rating. For each of these reasons, the
neighborhood is rated among the top 5%
of college-friendly places to live in MN.
In addition to being an excellent choice for college students, this
neighborhood is also a very good choice for young, single professionals.
Notable & Unique: Migration/Stability
The freedom of moving to new places versus the comfort of home. How much
and how often people move not only can create diverse and worldly neighborhoods,
but simultaneously it can produce a loss of intimacy with one's surroundings
and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive
research has identified this neighborhood as unique with regard to the
transience of its populace.
In the Hennepin Ave / Lyndale Ave S neighborhood, a greater proportion of
the residents living here today did not live here five years ago than is
found in 97.4% of U.S. Neighborhoods. This neighborhood,
more than almost any other in America, has new residents from other areas.
Notable & Unique: Real Estate
Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Hennepin Ave / Lyndale Ave S neighborhood is one of the most walkable neighborhoods in America.
In addition, the Hennepin Ave / Lyndale Ave S neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 84.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Hennepin Ave / Lyndale Ave S neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 59.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.0% of the neighborhoods in the United States.
The Neighbors: Income
There are two complementary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the Hennepin Ave / Lyndale Ave S neighborhood in Minneapolis are middle-income, making it a moderate income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 43.1% of the neighborhoods in America.
In addition, 12.8% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 56.0%
of America's neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Hennepin Ave / Lyndale Ave S neighborhood, 49.0%
of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is
sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.9% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(11.7%), and 9.0% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Hennepin Ave / Lyndale Ave S neighborhood in Minneapolis, MN, residents
most commonly identify their ethnicity or ancestry as German
(24.6%). There are also a number of people of Norwegian ancestry (7.2%) , and residents who report Irish roots (5.7%) , and some of the residents are also of Swedish ancestry (5.4%) , along with some English ancestry residents (3.7%), among others.
The Neighbors: Languages
The most common language spoken in the Hennepin Ave / Lyndale Ave S
neighborhood is English, spoken by 91.8% of households. Some people also speak Spanish (4.7%).
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Hennepin Ave / Lyndale Ave S neighborhood spend
between 15 and 30 minutes commuting one-way to work (53.0% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (55.3%) drive alone in a private automobile to get to work.
In addition, quite a number also ride the bus to get to work (24.3%) and 12.0% of residents also bicycle for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.