Golden Valley appreciation rates and housing market information

Golden Valley housing market information

With a population of 20,245, 8,606 total housing units (homes and apartments), and a median house value of $284,887, Golden Valley real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Golden Valley, accounting for 72.23% of the city's housing units. Other types of housing that are prevalent in Golden Valley include large apartment complexes or high rise apartments (19.86%), row houses and other attached homes (5.83%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.78%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Golden Valley. Owner-occupied housing accounts for 79.92% of Golden Valley's homes, and 61.07% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Golden Valley's housing was primarily built during this period, from the '40s through the '60s. A full 66.87% of the city's housing hails from this era. Other housing ages represented in Golden Valley include homes built between 1970-1994 (28.05%), and housing constructed from 1939 and earlier (3.41%). There's also some housing in Golden Valley built between 1995 and later (1.67%).

Golden Valley home appreciation rates

Golden Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Golden Valley during the period has been just 6.00%, which is lower than % of US communities.

Over the last year, Golden Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Golden Valley's appreciation rate has been -6.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Golden Valley were at 0.30%, which equates to an annual appreciation rate of 1.20%.

Relative to Minnesota, our data show that Golden Valley's latest annual appreciation rate is higher than 4% 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 Golden Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Golden Valley - 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 Golden Valley real estate investment or home purchase decisions.