If you want to be simultaneously situated next to parkland, beautiful lakes, major roadway access, and a large, international airport, Diamond Lake might be the perfect place for you. This neighborhood on Minneapolis’ south side is located within Hennepin County in the 55417 zip code area. In 2000, just over 5,250 people resided in the Diamond Lake neighborhood.
Diamond Lake extends to Diamond Lake Road and 55th Street East on the north and Highway 62 on the south. Its western boundaries are Second Avenue South and I-35W, and it is bound on the east by Cedar Avenue and Highway 77. The city of Richfield is located to the south of Diamond Lake. The community’s namesake, Diamond Lake, can be found near its western border. Here you’ll also find adjacent Diamond Lake Park and Pearl Lake Park. Larger Lake Nokomis and Lake Nokomis Park are situated just beyond the neighborhood’s northeastern bounds. Directly to the north of Lake Nokomis is the Hiawatha Golf Course, where Diamond Lake residents head to take in a round of golf.
Immediately to the southeast of Diamond Lake is the Minneapolis-Saint Paul International Airport, making the community an ideal place for frequent travelers. Adjoining the airport on the west, you’ll also find Fort Snelling State Park, National Cemetery, and Golf Course.
Within the neighborhood bounds are a grocery store and several eateries, and the major roadways that converge nearby mean that Diamond Lake residents have easy access to many other dining, shopping, and entertainment options in the greater Minneapolis area.
Several major colleges, including the University of St. Thomas, Macalester College, and St. Catherine University are located to the northeast, within a 15-minute drive of Diamond Lake.
Most of the housing in Diamond Lake is owner occupied, and the average home value was $144,200 in 2000, roughly $30,000 higher than the Minneapolis average. As of 1999, the average household income in Diamond Lake was nearly $61,000.
The average rent for a 1 bedroom apartment in Diamond Lake is $1,040.
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Note: Based on community-supplied data and independent market research. Subject to change without notice.