Longfellow Community Home Price Comparisons
The Longfellow Community of Minneapolis is made up of four neighborhoods, Hiawatha, Howe, Cooper, and Longfellow (kind of like NY, NY, but Longfellow, Longfellow, Minneapolis). On the heat map below, from Trulia, the four neighborhoods on the inverted pyramid are:
Longfellow: Upper left
Cooper: Upper Right
Howe: Middle
Hiawatha: South (near Minnehaha Park).
The heat map shows the average listing price for each neighborhood for the previous week. That’s pretty consistent. The stuff closer to the river costs a bit more. However, the stuff closer to the light rail on Hiawatha is doing pretty well these days.
Zillow has trend information based on the average values of home prices by neighborhood. Here is a look at the four:
That sure makes it look like the Hiawatha neighborhood is on one heck of a run. While prices are still down from their all-time highs, Hiawatha seems to be recovering at a faster rate than its neighboring neighborhoods to the north.
What does Hiawatha have going for it?
A reconstructed bike trail on West River Parkway.
Minnehaha Park
Sea Salt
Walkable to the 46th St Station LRT
The Riverview Theater
Parkway Pizza
Easy access to shopping in in the Highland Park neighborhood of St. Paul (and cheaper housing).
I’m sure there are at least a few Hiawatha residents reading this blog. What have you been doing that’s made you so darn attractive?
August 1st, 2010 at 8:12 am
Must be that gaping hole at 46th and 46th. Actually, it looks like Hiawatha’s turnaround coincides nicely with my move out of the neighborhood. I’m guessing if you look at the same time period for ECCO, you’ll find a corresponding dropoff in home values.
August 1st, 2010 at 8:40 am
I live half a block from Minnehaha Park and I know for sure that’s a big reason why the houses that have gone on the market in this area have sold quickly for good prices. The 46th street station has yet to be developed so there is great potential there as well. Now if we could just get a Trader Joe’s put in by the station, I (and most of my neighbors) would be in heaven. My particular ‘hood (the blocks between 46th street and the park) have our own website and regularly use it to alert about the occasional issues, borrowing/trading, upcoming events. There just seems to be a really strong sense of ownership to our ‘hood.
August 1st, 2010 at 9:30 am
C’mon Ed, you have to ask why everyone wants to live by the Deitches? People just like seeing Hank around town. Labradoodles make people happy and willing to pay more for their happiness.
August 1st, 2010 at 9:32 am
I ended up buying in HPDL neighborhood(s), but I looked at Hiawatha extensively. For me, two of your factors, the LRT station and the reconstructed West River Parkway were the factors which had me looking their, since I work on the UMN campus. However, the Hiawatha neighborhood seemed to have a slightly burgulary rate, which was the reason I was weary to move their and one of the reasons ended up in Hale… Although there were other factors – such as the I liked the house much better, too
.
Source: http://www.ci.minneapolis.mn.us/police/crime%2Dstatistics/codefor/statistics.asp
August 2nd, 2010 at 8:11 am
Hiawatha represent!
The area also has the “suburban” area between Dowling and 42nd and also Becketwood, which both have higher prices than normal for the neighborhood.
All Hiawatha needs is a grocery store. I’m glad that they didn’t decide to put in a Cub or Rainbow near the 46th St Station, but we need something. Trader Joe’s would be great, or a Co-op.