Chisholm, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Chisholm Neighborhoods Since 2000




Chisholm, 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

Chisholm Housing Market Information

With 4,981 people, 2,000 houses or apartments, and a median cost of homes of $90,537, house prices in Chisholm are some of the most affordable in Minnesota as well as the nation.

Single-family detached homes are the single most common housing type in Chisholm, accounting for 71.11% of the city's housing units. Other types of housing that are prevalent in Chisholm include duplexes, homes converted to apartments or other small apartment buildings ( 13.87%), large apartment complexes or high rise apartments ( 12.55%), and a few mobile homes or trailers ( 2.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chisholm. Owner-occupied housing accounts for 71.49% of Chisholm's homes, and 51.89% have either three or four bedrooms, which is average sized relative to America.

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. Chisholm's housing was primarily built during this period, from the '40s through the '60s. A full 33.36% of the city's housing hails from this era. Other housing ages represented in Chisholm include homes built before 1939 ( 32.91%) and housing constructed between 1970-1999 ( 26.93%). There's also some housing in Chisholm built between 2000 and later ( 6.80%).

Chisholm Home Appreciation Rates

Appreciation rates for homes in Chisholm have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.76%, which ranks in the top 40% nationwide. This equates to an annual average Chisholm house appreciation rate of 0.56%.

Over the last year, Chisholm appreciation rates have trailed the rest of the nation. In the last twelve months, Chisholm's appreciation rate has been 2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chisholm were at 1.03%, which equates to an annual appreciation rate of 4.17%.

Relative to Minnesota, our data show that Chisholm's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$90,537

Chisholm, MN HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.0
$558,001 - $837,000 0.0
$446,001 - $558,000 0.0
$335,001 - $446,000 0.0
$223,001 - $335,000 3.3
$112,001 - $223,000 28.2
$56,001 - $112,000 45.3
$0 - $56,000 23.2

Very Low for MN
Very Low for Nation

Value Relative to Nation Value Relative to State
83.6224071252783 95.0718685831622

Number Of Homes And Apartments:
2,000

Chisholm 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
43.25% 2.11% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$601 / per month

Homeownership Rate

Homeownership
Owners 71.49
Renters 28.51
Vacant 8.72

Housing Market Details

 

Age of Homes

AGE OF Chisholm HOMES
2000 or Newer 6.8
1970 - 1999 26.9
1940 - 1969 33.4
1939 or Older 32.9

Types of Homes

TYPE OF Chisholm HOMES
Single-Family 71.1
Townhomes 0.4
Small Apt. Buildings 13.9
Apt. Complexes 12.6
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Chisholm HOMES
No Bedroom 0.00
1 Bedroom 8.49
2 Bedrooms 35.24
3 Bedrooms 37.47
4 Bedrooms 14.42
5 or more bedrooms 4.38

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Zip Codes in Chisholm, MN