Minnesota Court / Papago Peaks Village median real estate price is $176,764, which is more expensive than 38.6% of the neighborhoods in Arizona and 46.6% of the neighborhoods in the U.S.
The average rental price in Minnesota Court / Papago Peaks Village is currently $1,041, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.8% of Arizona neighborhoods.
Minnesota Court / Papago Peaks Village is a suburban neighborhood (based on population density) located in Phoenix, Arizona.
Minnesota Court / Papago Peaks Village 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 Minnesota Court / Papago Peaks Village neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Minnesota Court / Papago Peaks Village. The current real estate vacancy rate here is 17.8%. This is higher than the rate of vacancies in 81.2% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.