Even though areas of the Twin Cities are a little sluggish, a Minneapolis neighborhood ranked as one of the hot “Blue Chip” areas in the nation for postive growth since 1990. The Cedar Lake Road and Theodore Wirth Parkway neighborhood ranks up with Boston, San Francisco, Miami, etc with above average growth.
Median Home Sale Price: $305,290
Price Growth Since 1990: 197%
According to the Wall Street Journal, “the Twin Cities have some of the more stable prices in the country, and properties are very affordable to the local population. The only drawback–if you can call it one–is that prices don’t often soar upward. That’s not the case in this Minneapolis neighborhood, where there’s been very strong price growth since 1990, yet prices are still quite affordable.”
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