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Real Estate Prices & Overview

McKinley median real estate price is $201,281, which is less expensive than 87.2% of Minnesota neighborhoods and 78.5% of all U.S. neighborhoods.

The average rental price in McKinley is currently $1,912, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 62.0% of the neighborhoods in Minnesota.

McKinley is an urban neighborhood (based on population density) located in Minneapolis, Minnesota.

McKinley real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the McKinley 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.

Real estate vacancies in McKinley are 5.4%, which is lower than one will find in 63.7% of American neighborhoods. Demand for real estate in McKinley is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (15.1% ride the bus) than 97.4% 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.

Also, our research shows that more people carpool to work here in the McKinley (22.2%) than in 95.2% of the neighborhoods in America.

Real Estate

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 McKinley neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 61.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.8% of the neighborhoods in the United States.

Diversity

Did you know that the McKinley neighborhood has more South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.9% of this neighborhood's residents have South American ancestry.

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 McKinley neighborhood in Minneapolis are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 60.2% of U.S. neighborhoods. With 18.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 66.9% 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 McKinley neighborhood, 33.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.8% of the residents employed. Other residents here are employed in executive, management, and professional occupations (26.1%), and 11.5% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the McKinley neighborhood is English, spoken by 68.2% of households. Some people also speak Spanish (10.1%).

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 McKinley neighborhood in Minneapolis, MN, residents most commonly identify their ethnicity or ancestry as Asian (18.4%). There are also a number of people of German ancestry (8.3%), and residents who report South American roots (7.9%), and some of the residents are also of Sub-Saharan African ancestry (5.8%), along with some Mexican ancestry residents (3.1%), among others. In addition, 18.8% 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 McKinley neighborhood spend between 15 and 30 minutes commuting one-way to work (59.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (22.2%) and 15.1% 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.


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