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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Anoka, MN Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Anoka, MN Housing Market Trends

With 17,990 people, 7,166 houses or apartments, and a median cost of homes of $329,839, 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 50.24% of the city's housing units. Other types of housing that are prevalent in Anoka include large apartment complexes or high rise apartments ( 35.83%), row houses and other attached homes ( 8.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.34%).

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 ( 34.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.07%). There's also some housing in Anoka built before 1939 ( 9.92%).

Anoka Home Appreciation Rates

Appreciation rates for homes in Anoka have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.65%, which ranks in the top 50% nationwide. This equates to an annual average Anoka house appreciation rate of 6.27%.

Over the last year, Anoka appreciation rates have trailed the rest of the nation. In the last twelve months, Anoka's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anoka were at -2.13%, which equates to an annual appreciation rate of -8.26%.

Notably, Anoka's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Minnesota, our data show that Anoka's latest annual appreciation rate is lower than 70% 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

$329,839

Anoka, MN Home Prices
> $1,204,000
$903,001 - $1,204,000
$602,001 - $903,000
$482,001 - $602,000
$361,001 - $482,000
$241,001 - $361,000
$120,001 - $241,000
$60,001 - $120,000
$0 - $60,000
0.7%
0.7%
0.3%
0.3%
6.4%
6.4%
4.6%
4.6%
26.5%
26.5%
44.9%
44.9%
14.5%
14.5%
0.9%
0.9%
1.1%
1.1%
0% 100.0%
% of Homes
High

for Minnesota

High

for nation

Number of Homes And Apartments:

7,166

Anoka Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,650 / per month

Homeownership Rate

Owners
Renters
53.7%
53.7%
46.3%
46.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.1%
12.1%
43.5%
43.5%
34.5%
34.5%
9.9%
9.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.2%
50.2%
8.4%
8.4%
5.3%
5.3%
35.8%
35.8%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.6%
2.6%
19.1%
19.1%
31.9%
31.9%
24.8%
24.8%
18.9%
18.9%
2.7%
2.7%
0% 100.0%
% of Homes