Bayport, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bayport, 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

Bayport Housing Market Information

With a population of 3,714, 1,013 total housing units (homes and apartments), and a median house value of $217,532, Bayport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bayport, accounting for 69.27% of the city's housing units. Other types of housing that are prevalent in Bayport include large apartment complexes or high rise apartments ( 12.55%), row houses and other attached homes ( 12.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.18%).

The most prevalent building size and type in Bayport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.65% owning and 57.35% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bayport's housing was primarily built during this period, from the '40s through the '60s. A full 33.64% of the city's housing hails from this era. Other housing ages represented in Bayport include homes built before 1939 ( 31.82%) and housing constructed between 1970-1999 ( 18.36%). There's also some housing in Bayport built between 2000 and later ( 16.18%).

Bayport Home Appreciation Rates

Bayport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bayport during the period has been just -1.89%, which is lower than 80% of US communities.

Over the last year, Bayport appreciation rates have trailed the rest of the nation. In the last twelve months, Bayport's appreciation rate has been 0.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bayport were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Bayport's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$217,532

Bayport, MN HOME PRICES

Value Range
> $1,139,000 0.0
$855,001 - $1,139,000 0.8
$570,001 - $855,000 0.5
$456,001 - $570,000 2.4
$342,001 - $456,000 17.5
$228,001 - $342,000 23.2
$114,001 - $228,000 47.9
$57,001 - $114,000 4.1
$0 - $57,000 3.5

High for MN
High for Nation

Value Relative to Nation Value Relative to State
28.1846947146373 31.6221765913758

Number Of Homes And Apartments:
1,013

Bayport 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
18.76% 1.00% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,145 / per month

Homeownership Rate

Homeownership
Owners 42.65
Renters 57.35
Vacant 7.91

Housing Market Details

 

Age of Homes

AGE OF Bayport HOMES
2000 or Newer 16.2
1970 - 1999 18.4
1940 - 1969 33.6
1939 or Older 31.8

Types of Homes

TYPE OF Bayport HOMES
Single-Family 69.3
Townhomes 12.0
Small Apt. Buildings 6.2
Apt. Complexes 12.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bayport HOMES
No Bedroom 0.00
1 Bedroom 8.36
2 Bedrooms 28.91
3 Bedrooms 45.91
4 Bedrooms 13.45
5 or more bedrooms 3.36