Ericsson borders Lake Hiawatha, which was dredged from a wetland — a history that makes basement inspections here non-negotiable. Proximity to the 46th Street light rail keeps the market liquid: $340,000 median, 15 days on market. Chris Deutsch of Lakes Area Realty likes the math: creek access and rail without paying the Nokomis premium.
Active, Scrappy, Connected
Ericsson is the affordable cousin to Hale and Nokomis. Centered around Lake Hiawatha and the Minnehaha Creek, it offers classic 1930s housing stock, great transit access (light rail), and the burgeoning commercial node at 42nd & 28th.
The Flood Plain
What is Chris Deutsch's honest take on Ericsson?
Ericsson is the smart money. You can walk to the creek, you have the light rail, and you aren't paying the Nokomis premium yet. It has a younger, scrappier energy than its neighbors to the west.
Smart Money Move?
Let's look at the raw data. No sugarcoating.
Monthly "All-In"
Estimated mortgage, taxes, and insurance.
$2,314/mo
Down Payment
*Based on a 7% rate and $340,000 price. In Ericsson, taxes vary by block, but this gets you in the ballpark.
Run your own numbersHomes within 3 blocks of the 46th St Light Rail station carry a 'Transit Premium' but also sell fastest to downtown commuters. It's a high-liquidity zone.
Real Talk Warning
The 38th street corridor is busy. If you are too close, you will hear the bus line all night.
Living in Ericsson
It's not just about the house; it's about the Tuesday morning coffee run and the Friday night walk. Here's who thrives here.
Is Ericsson Your Match?
This neighborhood isn't for everyone. It's specifically optimized for these three lifestyles.
Cyclist
Miles
Angry Catfish culture runs deep here.
Starter
Buy
The 1.5 story bungalow is the standard unitt.
Rail Rider
LRT
Walk to the train, ride to the Twins game.
Local Gems & Secrets
Frequently Asked Questions
What is Chris Deutsch's honest take on Ericsson?
Ericsson is the smart money. You can walk to the creek, you have the light rail, and you aren't paying the Nokomis premium yet. It has a younger, scrappier energy than its neighbors to the west.
What is the catch with Ericsson?
The 38th street corridor is busy. If you are too close, you will hear the bus line all night.
What are the best local secrets in Ericsson?
The patio at Bull's Horn is the unofficial neighborhood social club. A Baker's Wife donut holes are non-negotiable on Saturdays.
What makes Ericsson special?
Ericsson is known for Lake Hiawatha, Minnehaha Creek, Angry Catfish, A Baker's Wife.
What is the average home price in Ericsson?
The average home price in Ericsson is $340,000, with homes typically spending 15 days on market. 180 homes sold last year.
Sources & Data
The market, school, and walkability figures on this page for Ericsson come from these sources.
Market data as of April 2026
- NorthstarMLS — Regional Multiple Listing Service of Minnesota — Median sale price ($340,000), days on market (15), and homes sold for Ericsson, as of April 2026.
- Minneapolis Area REALTORS® — Local Market Reports — Twin Cities metro market statistics used to contextualize Ericsson pricing and inventory trends.
- Minnesota Report Card — Minnesota Department of Education — School enrollment and performance data for the Ericsson area.
- U.S. Census Bureau — QuickFacts — Population, housing unit, and homeownership context for Ericsson and the surrounding city.
- Walk Score® — Walkability & Transit Scores — Walkability (8/100) and transit (8/100) methodology and scoring for Ericsson.
Exploring Beyond Ericsson
No sales pitches here. Just some honest tools, real data, and practical guides to help you figure out the next steps.
Thinking About Ericsson?
I've been helping people find homes in Ericsson for over two decades. If you're curious about what's out there — or just want to know what your home might be worth — I'm happy to chat. No pitch, no pressure. Just real talk over coffee.