House Prices

Phillips West Minneapolis, MN House Prices & Home Values 2026


Average Data

average house price$342,372
average size per house1730 ft²
average price per ft²203 $ / ft²

04/17/2026 - The value range (VR) for house prices in Phillips West Minneapolis, MN is $196/ sqft to $210/ sqft. An average home with 1730 sqft costs approximately $346,879 to $371,656. 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 $203. Our analysis is based on 20 property listings.

Avergage prices by ZIP codes Phillips West Minneapolis

55404210 $ / ft²
55407196 $ / ft²




Historical development of home values in Phillips West Minneapolis

Year Estimated value (USD) Change vs. 2025
2010 $159,004 -53.6%
2011 $152,855 -55.4%
2012 $152,444 -55.5%
2013 $158,141 -53.8%
2014 $166,005 -51.5%
2015 $174,525 -49.0%
2016 $183,633 -46.4%
2017 $193,544 -43.5%
2018 $204,244 -40.3%
2019 $213,715 -37.6%
2020 $224,763 -34.4%
2021 $255,644 -25.3%
2022 $298,023 -13.0%
2023 $314,279 -8.2%
2024 $332,461 -2.9%
2025 $342,372 0.0%

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



Example: 100% financing house in Phillips West Minneapolis

Loan amount: $342,372

Interest rate: 6.14%

Fixed monthly payment: $2,083.17

Breakdown in the 1st month:
Interest portion: $1,751.23  –  Principal portion: $331.93

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $20,900.80 $4,097.21 $338,274.79
2 $20,642.12 $4,355.89 $333,918.90
3 $20,367.10 $4,630.91 $329,288.00
4 $20,074.72 $4,923.29 $324,364.71
5 $19,763.88 $5,234.13 $319,130.59
6 $19,433.42 $5,564.59 $313,566.00
7 $19,082.09 $5,915.92 $307,650.08
8 $18,708.58 $6,289.43 $301,360.65
9 $18,311.49 $6,686.52 $294,674.13
10 $17,889.32 $7,108.69 $287,565.44
11 $17,440.51 $7,557.50 $280,007.94
12 $16,963.35 $8,034.66 $271,973.28
13 $16,456.07 $8,541.94 $263,431.34
14 $15,916.76 $9,081.25 $254,350.09
15 $15,343.40 $9,654.61 $244,695.48
16 $14,733.84 $10,264.17 $234,431.32
17 $14,085.80 $10,912.21 $223,519.11
18 $13,396.84 $11,601.17 $211,917.94
19 $12,664.38 $12,333.63 $199,584.31
20 $11,885.68 $13,112.33 $186,471.98
21 $11,057.81 $13,940.20 $172,531.78
22 $10,177.68 $14,820.33 $157,711.45
23 $9,241.97 $15,756.04 $141,955.41
24 $8,247.19 $16,750.82 $125,204.59
25 $7,189.60 $17,808.41 $107,396.18
26 $6,065.24 $18,932.77 $88,463.41
27 $4,869.89 $20,128.12 $68,335.29
28 $3,599.07 $21,398.94 $46,936.35
29 $2,248.01 $22,750.00 $24,186.35
30 $811.66 $24,186.35 $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 Phillips West Minneapolis, MN


1500 sqft3900 sqft
Ø selling price$376,920$801,811
Ø fast selling$342,654$721,630
Ø high price sale$411,185$881,992

In 2026, houses in Phillips West Minneapolis, MN will be offered at an average price of $203 per square foot. A 1,500 sqft home priced at $376,920 is 23.53% more expensive per square foot than a 3,900 sqft home priced at $801,811. Home prices in Phillips West 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 $555,100. Sellers who can wait longer may achieve a higher price of up to $678,455.


Phillips West, Minneapolis, MN Neighborhood Guide

Overview and Location

Phillips West is a diverse, centrally located neighborhood in south Minneapolis, MN, within the larger Phillips community near Franklin Avenue, Lake Street, and I-35W.
Its location places residents close to Downtown Minneapolis and major employers, including the medical campuses along Chicago Avenue such as Abbott Northwestern Hospital and Children?s Minnesota.

Housing and Real Estate

Housing in Phillips West ranges from historic Craftsman-era single-family homes to duplexes and midrise apartments, offering options for a variety of budgets.
Buyers and renters searching for Phillips West homes for sale appreciate its relatively attainable real estate prices and strong neighborhood character.

Amenities and Lifestyle

Parks and recreation are convenient, with Stewart Park and nearby community green spaces plus easy connections to the car-free Midtown Greenway for biking and walking.
Dining and daily needs are served by the Lake Street corridor and neighboring commercial nodes, providing global eateries, grocery options, and services.

Transportation and Connectivity

Getting around is straightforward thanks to frequent bus service on Chicago Avenue and Lake Street, bike-friendly streets, the Midtown Greenway, and quick access to I-35W.
Commuters enjoy short trips to Downtown, Uptown, and the University of Minnesota, whether by bike, transit, or car.

Community and Growth

A strong civic fabric anchored by the Phillips West Neighborhood Organization fosters block events, safety initiatives, and volunteer cleanups that bring neighbors together.
Ongoing investment in Lake Street recovery, small businesses, and housing rehabilitation supports resilient, inclusive growth while honoring the area?s historic roots.



FAQ – Home Values in Phillips West Minneapolis

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

In 2026, the typical home value in Phillips West Minneapolis is about $342,372 for an average home size of 1730 square feet. This corresponds to an average price of roughly $203 per square foot.

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

In 2026, homes in Phillips West Minneapolis sell for an average of around $203 per square foot, with a typical range between $196 and $210 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Phillips West?

The average home size in Phillips West Minneapolis is about 1730 square feet, with an estimated 2026 value around $342,372.



Neighborhoods close to Phillips West 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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