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Real Estate Prices & Overview

E 33rd St / Park Ave S median real estate price is $347,733, which is more expensive than 53.4% of the neighborhoods in Minnesota and 50.2% of the neighborhoods in the U.S.

The average rental price in E 33rd St / Park Ave S is currently $2,015, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.2% of the neighborhoods in Minnesota.

E 33rd St / Park Ave S is a densely urban neighborhood (based on population density) located in Minneapolis, Minnesota.

E 33rd St / Park Ave S real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the E 33rd St / Park 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 1970 and 1999.

E 33rd St / Park Ave S has a 11.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

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 E 33rd St / Park Ave S neighborhood is one of the most walkable neighborhoods in America.

In addition, 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 E 33rd St / Park Ave S neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 84.6% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.8% of the neighborhoods in the United States.

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 E 33rd St / Park Ave S neighborhood is a fantastic option for bicycle commuters, as 2.7% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.0% of the neighborhoods in America.

People

With a nice mix of college students, safety from crime, and decent walkability, the E 33rd St / Park Ave S neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.9% of the neighborhoods in MN. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for urban sophisticates.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the E 33rd St / Park Ave S neighborhood. In the E 33rd St / Park Ave S neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 96.1% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

Diversity

Did you know that the E 33rd St / Park Ave S neighborhood has more Sub-Saharan African and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.9% of this neighborhood's residents have Sub-Saharan African ancestry and 4.3% have Swedish ancestry.

E 33rd St / Park Ave S is also pretty special linguistically. Significantly, 6.3% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the E 33rd St / Park Ave S neighborhood in Minneapolis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.3% of the neighborhoods in America. In addition, 1.8% 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 76.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the E 33rd St / Park Ave S neighborhood, 51.1% 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 28.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.2%), and 8.0% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the E 33rd St / Park Ave S neighborhood is English, spoken by 68.1% of households. Other important languages spoken here include Spanish and African languages.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the E 33rd St / Park Ave S neighborhood in Minneapolis, MN, residents most commonly identify their ethnicity or ancestry as Mexican (15.1%). There are also a number of people of German ancestry (12.0%), and residents who report Sub-Saharan African roots (11.9%), and some of the residents are also of Irish ancestry (8.1%), along with some Polish ancestry residents (5.2%), among others. In addition, 22.3% of the residents of this neighborhood were born in another country.

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 E 33rd St / Park Ave S neighborhood spend between 15 and 30 minutes commuting one-way to work (45.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (52.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.1%) and 6.4% of residents also ride the bus 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.


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