Housing in Near North at a glance
- Population
- about 32,583
- Housing units
- about 13,146
- Median value, owner-occupied homes
- $258,000Minneapolis: $362,200 (-29%)
- Median gross rent
- $1,190 a monthMinneapolis: $1,371 (-13%)
- Owner-occupied homes
- 49.4%Minneapolis: 47.7%
- Homes built before 1980
- 74.8%
- Median year built
- 1947
On the north-west side of Minneapolis, Near North posts the lowest rent among the ten sectors: $1,190, or 13% below the city figure. Owners' estimates are low as well, at $258,000, a level 29% under the city and ninth of ten. Yet tenure is almost evenly balanced, with owners at 49.4%, barely above the 47.7% for Minneapolis overall. Housing here leans old, as 74.8% of units are older than 1980, seventh highest in the city. Camden beside it falls even lower on value, at $235,000. Central is much higher at $369,000, and Northeast sits at $342,000, so Near North occupies the lower part of a steep local ladder. Tract-level data from 13 census tracts underlie the figures. With 32,583 residents and 13,146 dwellings, Near North has 5,790 owning households and 5,923 renting ones. In short, low value and low rent coexist with a near-even tenure split. Both measures sit low.
Questions about Near North
What is the median home value in Near North, Minneapolis?
$258,000 for owner-occupied homes, against $362,200 for Minneapolis as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Near North?
$1,190 a month in gross rent (rent plus utilities paid by the renter), against $1,371 in Minneapolis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Near North own or rent?
Most rent: 49.4% of occupied homes are owner-occupied, against 47.7% in Minneapolis (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 13 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
Near North is one of the 10 most populous of 11 communities of Minneapolis: estimated population about 32,583 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from City of Minneapolis GIS, Communities, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Minneapolis as a whole. Home values are owners' estimates, not sale prices.
Near Near North
The closest sectors of Minneapolis, by distance between population centres.
Other sectors of Minneapolis
All of Minneapolis · Professionals in Minnesota · All states
Five trades, one spot each
Payotte lists one professional per trade in Near North. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Near North? Ask for your spot.