Battle Lake, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Battle Lake Neighborhoods Since 2000




Battle Lake, 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

Battle Lake Housing Market Information

With a population of 880, 386 total housing units (homes and apartments), and a median house value of $210,403, Battle Lake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Battle Lake, accounting for 79.56% of the city's housing units. Other types of housing that are prevalent in Battle Lake include large apartment complexes or high rise apartments ( 15.03%), duplexes, homes converted to apartments or other small apartment buildings ( 3.81%), and a few row houses and other attached homes ( 1.20%).

The most prevalent building size and type in Battle Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.35% owning and 37.65% renting.

There is a lot of housing in Battle Lake 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 Battle Lake built before 1939 ( 23.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.64%). There's also some housing in Battle Lake built between 2000 and later ( 17.43%).

Vacant housing appears to be an issue in Battle Lake. Fully 22.65% of the housing stock is classified as vacant. Left unchecked, vacant Battle Lake homes and apartments can be a drag on the real estate market, holding Battle Lake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Battle Lake Home Appreciation Rates

Appreciation rates for homes in Battle Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.01%, which ranks in the top 40% nationwide. This equates to an annual average Battle Lake house appreciation rate of 0.77%.

NeighborhoodScout's data show that during the latest twelve months, Battle Lake's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, Battle Lake's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

Relative to Minnesota, our data show that Battle Lake's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$210,403

Battle Lake, MN HOME PRICES

Value Range
> $1,112,000 0.9
$834,001 - $1,112,000 1.6
$556,001 - $834,000 4.5
$445,001 - $556,000 8.0
$334,001 - $445,000 12.0
$223,001 - $334,000 21.7
$111,001 - $223,000 30.3
$56,001 - $111,000 14.4
$0 - $56,000 6.6

High for MN
High for Nation

Value Relative to Nation Value Relative to State
29.7902261807102 36.1396303901437

Number Of Homes And Apartments:
386

Battle Lake 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
74.75% 3.29% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$743 / per month

Homeownership Rate

Homeownership
Owners 62.35
Renters 37.65
Vacant 22.65

Housing Market Details

 

Age of Homes

AGE OF Battle Lake HOMES
2000 or Newer 17.4
1970 - 1999 39.3
1940 - 1969 19.6
1939 or Older 23.6

Types of Homes

TYPE OF Battle Lake HOMES
Single-Family 79.6
Townhomes 1.2
Small Apt. Buildings 3.8
Apt. Complexes 15.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Battle Lake HOMES
No Bedroom 0.40
1 Bedroom 12.83
2 Bedrooms 30.66
3 Bedrooms 33.47
4 Bedrooms 19.84
5 or more bedrooms 2.81

Popular Neighborhoods in Battle Lake

Zip Codes in Battle Lake, MN