Crookston, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Crookston Neighborhoods Since 2000




Crookston, 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

Crookston Housing Market Information

With 7,787 people, 3,071 houses or apartments, and a median cost of homes of $132,307, house prices in Crookston are solidly below the national average.

Single-family detached homes are the single most common housing type in Crookston, accounting for 67.77% of the city's housing units. Other types of housing that are prevalent in Crookston include large apartment complexes or high rise apartments ( 19.29%), duplexes, homes converted to apartments or other small apartment buildings ( 7.03%), and a few mobile homes or trailers ( 3.13%).

The most prevalent building size and type in Crookston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.59% owning and 43.41% renting.

The housing in Crookston was primarily built before 1939 ( 35.42%), making the housing stock in Crookston some of the oldest overall in America, although there is a range of ages of homes in Crookston. The next most important housing age is between 1970-1999 ( 31.65%), followed by between 1940-1969 ( 25.93%). There's also some housing in Crookston built between 2000 and later ( 7.00%).

Crookston Home Appreciation Rates

In the last 10 years, Crookston has experienced some of the highest home appreciation rates of any community in the nation. Crookston real estate appreciated 36.21% over the last ten years, which is an average annual home appreciation rate of 3.14%, putting Crookston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crookston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Crookston's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, Crookston's appreciation rate has been 3.63%, which annualizes to a rate of 15.35%.

Importantly, this makes Crookston 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 Crookston's latest annual appreciation rate is higher than 50% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$132,307

Crookston, MN HOME PRICES

Value Range
> $1,186,000 0.0
$890,001 - $1,186,000 0.0
$593,001 - $890,000 0.1
$475,001 - $593,000 0.1
$356,001 - $475,000 3.0
$237,001 - $356,000 9.1
$119,001 - $237,000 38.4
$59,001 - $119,000 34.0
$0 - $59,000 15.3

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
58.6077581155514 76.7967145790554

Number Of Homes And Apartments:
3,071

Crookston 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
80.00% 3.47% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$731 / per month

Homeownership Rate

Homeownership
Owners 56.59
Renters 43.41
Vacant 6.54

Housing Market Details

 

Age of Homes

AGE OF Crookston HOMES
2000 or Newer 7.0
1970 - 1999 31.6
1940 - 1969 25.9
1939 or Older 35.4

Types of Homes

TYPE OF Crookston HOMES
Single-Family 67.8
Townhomes 2.8
Small Apt. Buildings 7.0
Apt. Complexes 19.3
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Crookston HOMES
No Bedroom 2.07
1 Bedroom 11.72
2 Bedrooms 29.40
3 Bedrooms 33.51
4 Bedrooms 19.96
5 or more bedrooms 3.35

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Zip Codes in Crookston, MN