Are you planning to relocate to Minneapolis, or do you just want to change neighborhoods? Whether you’re a resident of Minneapolis or looking to relocate to this city, it’s important to have basic information on its residential neighborhoods before the big move.
The cost of living, security, infrastructure development, local amenities, schools and job opportunities are some factors to consider when looking for a neighborhood to live in. Minneapolis was ranked the 18th most expensive city in America to live in. Therefore, it’s important to find a neighborhood you can afford. Here are some of the most expensive neighborhoods in Minneapolis:
Top 3 Most Expensive Neighborhoods in Minneapolis to Live in
- Downtown East
Downtown East is one of the most expensive neighborhoods in Minneapolis. It is bordered by the Interstate 35W to the east, Portland Avenue to the west, the Mississippi River to the north and the 5th Street South to the south. Elliot Park, Downtown West and Cedar-Riverside neighborhoods are only a stone throw away from the Downtown East.
Although Marcy-Holmes neighborhood lies on the other side of the Mississippi River, no roads connect the two neighborhoods. However, the Stone Arch Bridge has pedestrian and biking paths connecting to the Marcy-Holmes neighborhood.
The MLB baseball Minnesota twins, Minnesota Gophers and Vikings played their home games at the Hubert H. Humphrey Metrodome in Downtown East neighborhood. The Mill District, Mill Ruins Park, Mill City Museum, Target Field, Bank Stadium and the Guthrie Theater are housed in the Downtown East neighborhood.
The neighborhood is served by the METRO light railway system. Residents also commute around the neighborhood on bikes as the area has many bike trails. Today, together with Elliot Park neighborhood, the Downtown East is known as East Town.
- The Warehouse District
Also known as the North Loop, the Warehouse District neighborhood is located in the heart of Minneapolis. Previously a shipping hub, the neighborhood is home to the Minneapolis Warehouse Historic District. It lies between the Mississippi River and downtown Minneapolis, with central business district and the Hennepin Avenue bordering it to the south east.
The neighborhood is renowned for its paths that run parallel to the Mississippi River. Washington, Plymouth and Hennepin avenues and the 4th Street Freeway offer access to the neighborhood and its environs. Despite its industrial past and old warehouses and factories, the Warehouse District is home to apartments and loft condominiums.
Popular with people working in the downtown area, the neighborhood has restaurants, theaters, a temporary dog park, coffee shops, art galleries, bars, retail stores and various attraction sites.
- Nicollet Island
Also known as East Bank, Nicollet Island is also one of the most expensive neighborhoods in Minneapolis. It is part of the University community and lies between Downtown and the Mississippi River. The neighborhood is home to East Hennepin Avenue, Central Avenue and NE 2nd Avenue. You’ll find condominiums and shopping complexes in this neighborhood.
Whereas neighborhoods to the east of Minneapolis are mostly expensive, those on the western side of the city are more affordable.