Burnsville, MN


Highest Appreciating Burnsville Neighborhoods Since 2000

Burnsville, 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

Burnsville Housing Market Information

With 61,481 people, 24,856 houses or apartments, and a median cost of homes of $254,241, Burnsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Burnsville, accounting for 44.16% of the city's housing units. Other types of housing that are prevalent in Burnsville include large apartment complexes or high rise apartments ( 32.22%), row houses and other attached homes ( 18.91%), and a few mobile homes or trailers ( 2.64%).

The most prevalent building size and type in Burnsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.88% owning and 36.12% renting.

There is a lot of housing in Burnsville 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 Burnsville built between 1940-1969 ( 18.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.37%). There's also some housing in Burnsville built before 1939 ( 1.10%).

Burnsville Home Appreciation Rates

Burnsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Burnsville during the period has been just -0.81%, which is lower than 70% of US communities.

Appreciation rates are so strong in Burnsville that despite a nationwide downturn in the housing market, Burnsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burnsville appreciation rates continue to be some of the highest in America, at 5.83%, which is higher than appreciation rates in 72.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burnsville. Burnsville appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Burnsville's latest annual appreciation rate is higher 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 Burnsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Burnsville - 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 Burnsville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Burnsville, MN HOME PRICES

Value Range
> $1,195,000 0.1
$896,001 - $1,195,000 0.2
$598,001 - $896,000 1.4
$478,001 - $598,000 3.4
$358,001 - $478,000 9.3
$239,001 - $358,000 38.8
$119,001 - $239,000 34.1
$60,001 - $119,000 4.9
$0 - $60,000 7.9

Very High for MN
High for Nation

Value Relative to Nation Value Relative to State
21.885620532052 19.5071868583162

Number Of Homes And Apartments:

Burnsville 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
33.99% 1.71% 4 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,310 / per month

Homeownership Rate

Owners 63.88
Renters 36.12
Vacant 4.80

Housing Market Details


Age of Homes

AGE OF Burnsville HOMES
2000 or Newer 8.4
1970 - 1999 72.2
1940 - 1969 18.3
1939 or Older 1.1

Types of Homes

TYPE OF Burnsville HOMES
Single-Family 44.2
Townhomes 18.9
Small Apt. Buildings 2.1
Apt. Complexes 32.2
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Burnsville HOMES
No Bedroom 1.07
1 Bedroom 14.37
2 Bedrooms 29.74
3 Bedrooms 28.65
4 Bedrooms 20.48
5 or more bedrooms 5.70