Anoka, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Anoka Neighborhoods Since 2000




Anoka, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Anoka Housing Market Information

With 17,350 people, 7,226 houses or apartments, and a median cost of homes of $207,885, Anoka real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Anoka, accounting for 51.79% of the city's housing units. Other types of housing that are prevalent in Anoka include large apartment complexes or high rise apartments ( 34.81%), duplexes, homes converted to apartments or other small apartment buildings ( 7.04%), and a few row houses and other attached homes ( 6.01%).

People in Anoka primarily live in small (one, two or no bedroom) single-family detached homes. Anoka has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Anoka built from 1970 to 1999 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 Anoka built between 1940-1969 ( 36.21%). A lesser amount of the housing stock also hails from before 1939 ( 8.94%). There's also some housing in Anoka built between 2000 and later ( 5.59%).

Anoka Home Appreciation Rates

Anoka's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Anoka during the period has been just -1.50%, which is lower than 80% of US communities.

Appreciation rates are so strong in Anoka that despite a nationwide downturn in the housing market, Anoka real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Anoka appreciation rates continue to be some of the highest in America, at 6.46%, which is higher than appreciation rates in 77.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Anoka. Anoka appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Anoka's latest annual appreciation rate is higher than 80% 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 Anoka differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Anoka - 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 2000, to assist you in making the best Anoka real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$207,885

Anoka, MN HOME PRICES

Value Range
> $1,212,000 0.6
$909,001 - $1,212,000 0.4
$606,001 - $909,000 2.6
$485,001 - $606,000 0.4
$364,001 - $485,000 4.1
$243,001 - $364,000 17.3
$121,001 - $243,000 64.8
$61,001 - $121,000 6.5
$0 - $61,000 3.3

High for MN
High for Nation

Value Relative to Nation Value Relative to State
30.3234501347709 37.9876796714579

Number Of Homes And Apartments:
7,226

Anoka Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.40% 1.46% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,172 / per month

Homeownership Rate

Homeownership
Owners 49.74
Renters 50.26
Vacant 3.99

Housing Market Details

 

Age of Homes

AGE OF Anoka HOMES
2000 or Newer 5.6
1970 - 1999 49.3
1940 - 1969 36.2
1939 or Older 8.9

Types of Homes

TYPE OF Anoka HOMES
Single-Family 51.8
Townhomes 6.0
Small Apt. Buildings 7.0
Apt. Complexes 34.8
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Anoka HOMES
No Bedroom 5.50
1 Bedroom 14.38
2 Bedrooms 33.38
3 Bedrooms 25.78
4 Bedrooms 17.41
5 or more bedrooms 3.56