University North median real estate price is $462,825, which is more expensive than 77.3% of the neighborhoods in Minnesota and 62.6% of the neighborhoods in the U.S.
The average rental price in University North is currently $1,805, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.2% of Minnesota neighborhoods.
University North is a densely urban neighborhood (based on population density) located in Minneapolis, Minnesota.
University North 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 University North neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in University North. The current real estate vacancy rate here is 16.5%. This is higher than the rate of vacancies in 81.0% 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.
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.
People
One of the unique characteristics of the University North neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 98.3% of the neighborhoods in America. Also of note is NeighborhoodScout's research finding that the University North neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the University North community truly stands out from the rest in this regard.
In addition, an extraordinary 72.4% of the residents of the University North neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.
Also, the University North 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 7.9% of college-friendly places to live in MN.
Modes of Transportation
More people in University North choose to walk to work each day (32.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, 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 University North neighborhood is a fantastic option for bicycle commuters, as 4.4% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 97.7% of the neighborhoods in America.
Real Estate
98.1% of the real estate in the University North neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.
In addition, the University North neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 41,489 persons per square mile in the neighborhood, it is more packed with people than 98.0% of the nation's neighborhoods.
Furthermore, one of the really unique and interesting things about the look and setting of the University North neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 87.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 97.8% of all neighborhoods in America.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the University North neighborhood has a highly unusual pattern of car ownership. 26.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.7% of U.S. neighborhoods.
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 University North neighborhood. In the University North neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 99.9% 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 University North neighborhood has more Iranian and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Iranian ancestry and 10.5% have Norwegian ancestry.
University North is also pretty special linguistically. Significantly, 2.7% 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 96.6% of the neighborhoods in America.
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 University North neighborhood in Minneapolis are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 98.3% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America's neighborhoods.
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 sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the University North neighborhood, 47.8% 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 28.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.8%), and 11.3% 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 University North neighborhood is English, spoken by 83.2% of households. Other important languages spoken here include Chinese and African languages.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the University North neighborhood in Minneapolis, MN, residents most commonly identify their ethnicity or ancestry as German (25.1%). There are also a number of people of Norwegian ancestry (10.5%), and residents who report Irish roots (9.8%), and some of the residents are also of Asian ancestry (9.6%), along with some Swedish ancestry residents (4.8%), among others. In addition, 15.1% of the residents of this neighborhood were born in another country.
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 University North neighborhood spend between 15 and 30 minutes commuting one-way to work (60.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (42.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (32.8%) and 7.7% 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.
