Breckenridge, MN


Highest Appreciating Breckenridge Neighborhoods Since 2000

Breckenridge, 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

Breckenridge Housing Market Information

With 3,290 people, 1,492 houses or apartments, and a median cost of homes of $131,883, house prices in Breckenridge are solidly below the national average.

Single-family detached homes are the single most common housing type in Breckenridge, accounting for 67.78% of the city's housing units. Other types of housing that are prevalent in Breckenridge include large apartment complexes or high rise apartments ( 22.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.67%), and a few mobile homes or trailers ( 1.64%).

People in Breckenridge primarily live in small (one, two or no bedroom) single-family detached homes. Breckenridge has a mixture of owner-occupied and renter-occupied housing.

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. Breckenridge's housing was primarily built during this period, from the '40s through the '60s. A full 41.47% of the city's housing hails from this era. Other housing ages represented in Breckenridge include homes built between 1970-1999 ( 32.16%) and housing constructed before 1939 ( 18.06%). There's also some housing in Breckenridge built between 2000 and later ( 8.31%).

Breckenridge Home Appreciation Rates

In the last 10 years, Breckenridge has experienced some of the highest home appreciation rates of any community in the nation. Breckenridge real estate appreciated 22.95% over the last ten years, which is an average annual home appreciation rate of 2.09%, putting Breckenridge in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Breckenridge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Breckenridge that despite a nationwide downturn in the housing market, Breckenridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Breckenridge appreciation rates continue to be some of the highest in America, at 12.80%, which is higher than appreciation rates in 98.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Breckenridge. Breckenridge appreciation rates in the latest quarter were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

Average Home Values


Median Home Value:

Breckenridge, MN HOME PRICES

Value Range
> $1,205,000 0.0
$904,001 - $1,205,000 0.9
$603,001 - $904,000 0.0
$482,001 - $603,000 0.7
$362,001 - $482,000 3.2
$241,001 - $362,000 7.1
$120,001 - $241,000 42.7
$60,001 - $120,000 32.7
$0 - $60,000 12.7

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
58.8948787061995 77.4127310061602

Number Of Homes And Apartments:

Breckenridge Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
51.05% 2.42% 7 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$641 / per month

Homeownership Rate

Owners 60.16
Renters 39.84
Vacant 6.10

Housing Market Details


Age of Homes

AGE OF Breckenridge HOMES
2000 or Newer 8.3
1970 - 1999 32.2
1940 - 1969 41.5
1939 or Older 18.1

Types of Homes

TYPE OF Breckenridge HOMES
Single-Family 67.8
Townhomes 1.0
Small Apt. Buildings 6.7
Apt. Complexes 22.9
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Breckenridge HOMES
No Bedroom 0.57
1 Bedroom 17.94
2 Bedrooms 29.01
3 Bedrooms 25.61
4 Bedrooms 17.87
5 or more bedrooms 9.00

Popular Neighborhoods in Breckenridge

Popular Communities Near Breckenridge, MN

Zip Codes in Breckenridge, MN