Plymouth appreciation rates and housing market information

Plymouth housing market information

With a population of 65,903, 25,262 total housing units (homes and apartments), and a median house value of $344,234, Plymouth house prices are not only among the most expensive in Minnesota, Plymouth 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 Plymouth, accounting for 59.27% of the city's housing units. Other types of housing that are prevalent in Plymouth include large apartment complexes or high rise apartments (23.91%), row houses and other attached homes (13.96%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.44%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Plymouth. Owner-occupied housing accounts for 75.23% of Plymouth's homes, and 53.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plymouth 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 Plymouth built from 1940-1969 (16.43%). A lesser amount of the housing stock also hails from 1995 and later (12.07%), and some were built from 1939 and earlier (12.07%).

Plymouth home appreciation rates

Real estate appreciation rates in Plymouth have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.69% during the period.

Over the last year, Plymouth appreciation rates have trailed the rest of the nation. In the last twelve months, Plymouth's appreciation rate has been -5.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plymouth were at 0.47%, which equates to an annual appreciation rate of 1.88%.

Relative to Minnesota, our data show that Plymouth's latest annual appreciation rate is higher than 9% 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 Plymouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plymouth - 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 Plymouth real estate investment or home purchase decisions.