Excelsior appreciation rates and housing market information

Excelsior housing market information

With a population of 17,559, 4,154 total housing units (homes and apartments), and a median house value of $464,549, Excelsior house prices are not only among the most expensive in Minnesota, Excelsior real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Excelsior, accounting for 73.33% of the town's housing units. Other types of housing that are prevalent in Excelsior include large apartment complexes or high rise apartments (16.92%), row houses and other attached homes (6.28%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.49%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Excelsior. Owner-occupied housing accounts for 75.95% of Excelsior's homes, and 57.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Excelsior 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 Excelsior built from 1940-1969 (29.49%). A lesser amount of the housing stock also hails from 1995 and later (20.00%), and some were built from 1939 and earlier (20.00%).

Excelsior home appreciation rates

Appreciation rates for homes in Excelsior have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.45%, which ranks in the top 20% nationwide. This equates to an annual average Excelsior house appreciation rate of 10.64%.

Over the last year, Excelsior appreciation rates have trailed the rest of the nation. In the last twelve months, Excelsior's appreciation rate has been -1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Excelsior were at 1.46%, which equates to an annual appreciation rate of 5.84%.

Relative to Minnesota, our data show that Excelsior's latest annual appreciation rate is higher than 35% of the other cities and towns in Minnesota.