Apple Valley, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Apple Valley, 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

Apple Valley Housing Market Information

With 51,221 people, 19,413 houses or apartments, and a median cost of homes of $250,885, Apple 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 Apple Valley, accounting for 52.37% of the city's housing units. Other types of housing that are prevalent in Apple Valley include row houses and other attached homes ( 29.51%), large apartment complexes or high rise apartments ( 14.80%), and a few mobile homes or trailers ( 2.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apple Valley. Owner-occupied housing accounts for 77.62% of Apple Valley's homes, and 58.53% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Apple Valley 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 Apple Valley built between 2000 and later ( 17.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.32%).

Apple Valley Home Appreciation Rates

Apple Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Apple Valley during the period has been just -0.91%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Apple Valley's appreciation rate, at 4.47%, has been at or slightly above the national average. In the latest quarter, Apple Valley's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Apple Valley's latest annual appreciation rate is higher than 50% 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 Apple Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apple 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 2000, to assist you in making the best Apple Valley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$250,885

Apple Valley, MN HOME PRICES

Value Range
> $1,170,000 0.2
$877,001 - $1,170,000 0.3
$585,001 - $877,000 2.7
$468,001 - $585,000 5.7
$351,001 - $468,000 13.8
$234,001 - $351,000 31.8
$117,001 - $234,000 36.2
$58,001 - $117,000 5.3
$0 - $58,000 3.9

High for MN
High for Nation

Value Relative to Nation Value Relative to State
22.3836868627681 20.3285420944559

Number Of Homes And Apartments:
19,413

Apple Valley 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
30.99% 1.58% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,559 / per month

Homeownership Rate

Homeownership
Owners 77.62
Renters 22.38
Vacant 2.57

Housing Market Details

 

Age of Homes

AGE OF Apple Valley HOMES
2000 or Newer 17.7
1970 - 1999 71.2
1940 - 1969 10.3
1939 or Older 0.7

Types of Homes

TYPE OF Apple Valley HOMES
Single-Family 52.4
Townhomes 29.5
Small Apt. Buildings 1.2
Apt. Complexes 14.8
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Apple Valley HOMES
No Bedroom 0.64
1 Bedroom 6.03
2 Bedrooms 27.21
3 Bedrooms 32.43
4 Bedrooms 26.11
5 or more bedrooms 7.59