Anoka, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Anoka Neighborhoods Since 2000




Anoka, MN Real Estate Data


Anoka Housing Market Information

With 17,350 people, 7,247 houses or apartments, and a median cost of homes of $206,306, 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 54.42% of the city's housing units. Other types of housing that are prevalent in Anoka include large apartment complexes or high rise apartments ( 33.96%), row houses and other attached homes ( 5.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.43%).

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 ( 34.52%). A lesser amount of the housing stock also hails from before 1939 ( 9.87%). There's also some housing in Anoka built between 2000 and later ( 4.14%).

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 -1.55%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Anoka's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Anoka's appreciation rate has been 2.70%, which annualizes to a rate of 11.26%.

Importantly, this makes Anoka one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Minnesota, our data show that Anoka's latest annual appreciation rate is higher than 60% 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:
$206,306

Anoka, MN HOME PRICES

Value Range
> $1,233,000 0.3
$925,001 - $1,233,000 0.4
$617,001 - $925,000 2.9
$494,001 - $617,000 0.2
$370,001 - $494,000 4.7
$247,001 - $370,000 16.7
$123,001 - $247,000 64.8
$61,001 - $123,000 6.8
$0 - $61,000 3.0

High for MN
High for Nation

Value Relative to Nation Value Relative to State
31.5834162909176 39.4250513347023

Number Of Homes And Apartments:
7,247

Rent & Ownership

 

Average Market Rent:
$1,017 / per month

Homeownership Rate

Homeownership
Owners 51.93
Renters 48.07
Vacant 4.51

Housing Market Details

 

Age of Homes

AGE OF Anoka HOMES
2000 or Newer 4.1
1970 - 1999 51.5
1940 - 1969 34.5
1939 or Older 9.9

Types of Homes

TYPE OF Anoka HOMES
Single-Family 54.4
Townhomes 5.8
Small Apt. Buildings 5.4
Apt. Complexes 34.0
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Anoka HOMES
No Bedroom 1.71
1 Bedroom 15.92
2 Bedrooms 33.42
3 Bedrooms 27.13
4 Bedrooms 18.70
5 or more bedrooms 3.12

Anoka Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
26.40% 1.39% 2 3
* 10 is highest