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Real Estate Prices & Overview

Phillips median real estate price is $336,843, which is more expensive than 43.7% of the neighborhoods in Minnesota and 43.6% of the neighborhoods in the U.S.

The average rental price in Phillips is currently $1,355, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 70.8% of Minnesota neighborhoods.

Phillips is a densely urban neighborhood (based on population density) located in Minneapolis, Minnesota.

Phillips 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 Phillips neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 9.1% in Phillips. NeighborhoodScout analysis shows that this rate is lower than 41.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

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.

Modes of Transportation

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 Phillips neighborhood is a fantastic option for bicycle commuters, as 7.4% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 99.3% of the neighborhoods in America.

Also, our research revealed that more commuters here take the bus to work (13.9% ride the bus) than 97.1% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Finally, more people in Phillips choose to walk to work each day (13.8%) 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.

Real Estate

Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Phillips neighborhood is one of the most walkable neighborhoods in America.

In addition, 91.3% of the real estate in the Phillips neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Phillips neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 58.7% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.3% of the neighborhoods in the United States.

People

With a nice mix of college students, safety from crime, and decent walkability, the Phillips neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.4% of the neighborhoods in MN. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Did you know that the Phillips neighborhood has more Sub-Saharan African and Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.4% of this neighborhood's residents have Sub-Saharan African ancestry and 3.5% have Native American ancestry.

Phillips is also pretty special linguistically. Significantly, 25.1% 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 100.0% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Phillips 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 85.3% of U.S. neighborhoods. With 17.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 65.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Phillips neighborhood, 32.2% of the working population is employed in manufacturing and laborer 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 29.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.0%), and 13.0% in clerical, assistant, and tech support 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 Phillips neighborhood is English, spoken by 53.9% of households. Other important languages spoken here include African languages, Spanish and Native American languages.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Phillips neighborhood in Minneapolis, MN, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (23.4%). There are also a number of people of Mexican ancestry (15.2%), and residents who report German roots (12.9%), and some of the residents are also of Irish ancestry (10.4%), along with some Native American ancestry residents (3.5%), among others. In addition, 24.6% of the residents of this neighborhood were born in another country.

Getting to Work

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 Phillips neighborhood spend between 15 and 30 minutes commuting one-way to work (63.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (48.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (13.9%) and 13.8% of residents also hop out the door and walk to work 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.


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