Burnsville, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Burnsville Neighborhoods Since 2000




Burnsville, MN Real Estate Data


Burnsville Housing Market Information

With 61,481 people, 24,445 houses or apartments, and a median cost of homes of $250,615, 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 44.31% of the city's housing units. Other types of housing that are prevalent in Burnsville include large apartment complexes or high rise apartments ( 31.20%), row houses and other attached homes ( 19.39%), and a few mobile homes or trailers ( 2.76%).

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 64.95% owning and 35.05% 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 ( 18.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.67%). There's also some housing in Burnsville built before 1939 ( 1.13%).

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 -0.84%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Burnsville's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Burnsville's appreciation rate has been 2.70%, which annualizes to a rate of 11.26%.

Importantly, this makes Burnsville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Minnesota, our data show that Burnsville'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 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:
$250,615

Burnsville, MN HOME PRICES

Value Range
> $1,205,000 0.1
$904,001 - $1,205,000 0.3
$603,001 - $904,000 1.5
$482,001 - $603,000 3.4
$362,001 - $482,000 8.3
$241,001 - $362,000 41.1
$121,001 - $241,000 32.5
$60,001 - $121,000 5.4
$0 - $60,000 7.5

High for MN
High for Nation

Value Relative to Nation Value Relative to State
23.0778239737659 22.3819301848049

Number Of Homes And Apartments:
24,445

Rent & Ownership

 

Average Market Rent:
$1,252 / per month

Homeownership Rate

Homeownership
Owners 64.95
Renters 35.05
Vacant 4.84

Housing Market Details

 

Age of Homes

AGE OF Burnsville HOMES
2000 or Newer 8.7
1970 - 1999 71.7
1940 - 1969 18.5
1939 or Older 1.1

Types of Homes

TYPE OF Burnsville HOMES
Single-Family 44.3
Townhomes 19.4
Small Apt. Buildings 2.3
Apt. Complexes 31.2
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Burnsville HOMES
No Bedroom 0.80
1 Bedroom 13.62
2 Bedrooms 30.34
3 Bedrooms 29.06
4 Bedrooms 20.20
5 or more bedrooms 5.97

Burnsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.92% 1.69% 4 4
* 10 is highest