House Prices

Midtown Phillips Minneapolis, MN House Prices & Home Values 2026


Average Data

average house price$345,384
average size per house1745 ft²
average price per ft²205 $ / ft²

04/17/2026 - The value range (VR) for house prices in Midtown Phillips Minneapolis, MN is $198/ sqft to $212/ sqft. An average home with 1745 sqft costs approximately $356,567 to $381,779. Minneapolis, MN includes 2 ZIP codes and it is located in Hennepin county. The lowest prices are found in ZIP 55407, while the highest are in ZIP 55404. The average price per sqare feet is $205. Our analysis is based on 20 property listings.

Avergage prices by ZIP codes Midtown Phillips Minneapolis

55404212 $ / ft²
55407198 $ / ft²




Historical development of home values in Midtown Phillips Minneapolis

Year Estimated value (USD) Change vs. 2025
2010 $160,403 -53.6%
2011 $154,200 -55.4%
2012 $153,785 -55.5%
2013 $159,533 -53.8%
2014 $167,465 -51.5%
2015 $176,060 -49.0%
2016 $185,248 -46.4%
2017 $195,247 -43.5%
2018 $206,041 -40.3%
2019 $215,595 -37.6%
2020 $226,740 -34.4%
2021 $257,893 -25.3%
2022 $300,645 -13.0%
2023 $317,044 -8.2%
2024 $335,385 -2.9%
2025 $345,384 0.0%

Graph: estimated home values in Midtown Phillips Minneapolis over time (USD)



Example: 100% financing house in Midtown Phillips Minneapolis

Loan amount: $345,384

Interest rate: 6.19%

Fixed monthly payment: $2,113.58

Breakdown in the 1st month:
Interest portion: $1,782.18  –  Principal portion: $331.40

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $21,271.35 $4,091.57 $341,292.43
2 $21,010.69 $4,352.24 $336,940.19
3 $20,733.42 $4,629.51 $332,310.68
4 $20,438.48 $4,924.45 $327,386.23
5 $20,124.75 $5,238.17 $322,148.06
6 $19,791.04 $5,571.89 $316,576.17
7 $19,436.07 $5,926.86 $310,649.31
8 $19,058.48 $6,304.45 $304,344.87
9 $18,656.84 $6,706.09 $297,638.78
10 $18,229.61 $7,133.32 $290,505.46
11 $17,775.16 $7,587.77 $282,917.69
12 $17,291.76 $8,071.17 $274,846.52
13 $16,777.56 $8,585.37 $266,261.16
14 $16,230.61 $9,132.32 $257,128.84
15 $15,648.80 $9,714.12 $247,414.71
16 $15,029.94 $10,332.99 $237,081.73
17 $14,371.65 $10,991.28 $226,090.45
18 $13,671.42 $11,691.51 $214,398.93
19 $12,926.57 $12,436.35 $201,962.58
20 $12,134.28 $13,228.65 $188,733.94
21 $11,291.51 $14,071.42 $174,662.52
22 $10,395.05 $14,967.87 $159,694.65
23 $9,441.48 $15,921.45 $143,773.20
24 $8,427.16 $16,935.77 $126,837.43
25 $7,348.22 $18,014.71 $108,822.72
26 $6,200.54 $19,162.39 $89,660.33
27 $4,979.74 $20,383.18 $69,277.15
28 $3,681.17 $21,681.75 $47,595.40
29 $2,299.88 $23,063.05 $24,532.35
30 $830.58 $24,532.35 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Midtown Phillips Minneapolis, MN


1500 sqft3900 sqft
Ø selling price$383,982$816,834
Ø fast selling$349,074$735,150
Ø high price sale$418,889$898,517

In 2026, houses in Midtown Phillips Minneapolis, MN will be offered at an average price of $205 per square foot. A 1,500 sqft home priced at $383,982 is 23.74% more expensive per square foot than a 3,900 sqft home priced at $816,834. Home prices in Midtown Phillips Minneapolis, MN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $565,500. Sellers who can wait longer may achieve a higher price of up to $691,167.


Midtown Phillips, Minneapolis MN Neighborhood Guide

Location, Vibe, and Lifestyle

The Midtown Phillips neighborhood in Minneapolis, MN blends urban energy with community-driven charm for residents and visitors.
Centered along East Lake Street between Chicago Avenue and Hiawatha Avenue, it sits in the heart of the historic Phillips community.

The area is known for its cultural diversity, vibrant small businesses, and colorful murals that celebrate local stories.

Just steps from the Midtown Greenway, cyclists and walkers enjoy car-free access to destinations across the city.

Landmark anchors like the Midtown Exchange and the internationally inspired Midtown Global Market make Midtown Phillips a food and shopping destination.

Amenities, Transportation, and Housing

Major healthcare employers, including Abbott Northwestern Hospital and Children?s Minnesota, provide jobs and world-class care within the neighborhood.
Excellent transportation options include frequent bus service on Lake Street and Chicago Avenue, plus quick connections to the METRO Blue Line at the Lake Street/Midtown Station.

Drivers appreciate easy access to Hiawatha Avenue and nearby I-35W, while ample bike lanes link streets to the Greenway.

Housing in Midtown Phillips ranges from historic single-family homes and duplexes to apartments and modern condos, offering value close to downtown.

Local dining spans global flavors, and community events showcase arts, culture, and neighborhood pride.

For homebuyers and renters searching Minneapolis real estate, the centrally located, amenity-rich Midtown Phillips neighborhood delivers convenience, diversity, and a strong sense of place.



FAQ – Home Values in Midtown Phillips Minneapolis

What is the median home value in Midtown Phillips Minneapolis in 2026?

In 2026, the typical home value in Midtown Phillips Minneapolis is about $345,384 for an average home size of 1745 square feet. This corresponds to an average price of roughly $205 per square foot.

What is the average cost per square foot in Midtown Phillips Minneapolis?

In 2026, homes in Midtown Phillips Minneapolis sell for an average of around $205 per square foot, with a typical range between $198 and $212 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Midtown Phillips?

The average home size in Midtown Phillips Minneapolis is about 1745 square feet, with an estimated 2026 value around $345,384.



Neighborhoods close to Midtown Phillips Minneapolis, MN

Lyndale Minneapolis, MN230 $ / ft²
Taconite Harbor Schroeder, MN168 $ / ft²
Giants Ridge Biwabik, MN125 $ / ft²
Downtown West Minneapolis, MN293 $ / ft²
Downtown Excelsior Excelsior, MN295 $ / ft²
Chanhassen Hills Chanhassen, MN238 $ / ft²
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