Burnsville appreciation rates and housing market information

Burnsville housing market information

With 60,148 people, 24,259 houses or apartments, and a median cost of homes of $269,392, Burnsville real estate is some of the most expensive in Minnesota, although Burnsville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Burnsville, accounting for 45.68% of the city's housing units. Other types of housing that are prevalent in Burnsville include large apartment complexes or high rise apartments (31.75%), row houses and other attached homes (17.32%), mobile homes or trailers (3.20%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.05%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Burnsville. Owner-occupied housing accounts for 66.73% of Burnsville's homes, and 49.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Burnsville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Burnsville built from 1940-1969 (20.77%). A lesser amount of the housing stock also hails from 1995 and later (11.34%), and some were built from 1939 and earlier (11.34%).

Burnsville home appreciation rates

Burnsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Burnsville during the period has been just 5.71%, which is lower than % of US communities.

Over the last year, Burnsville appreciation rates have trailed the rest of the nation. In the last twelve months, Burnsville's appreciation rate has been -6.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burnsville were at 0.23%, which equates to an annual appreciation rate of 0.92%.

Relative to Minnesota, our data show that Burnsville's latest annual appreciation rate is higher than 2% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Burnsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burnsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Burnsville real estate investment or home purchase decisions.