Crystal, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Crystal Neighborhoods Since 2000




Crystal, 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

Crystal Housing Market Information

With 22,943 people, 9,348 houses or apartments, and a median cost of homes of $190,669, Crystal real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Crystal, accounting for 76.06% of the city's housing units. Other types of housing that are prevalent in Crystal include large apartment complexes or high rise apartments ( 19.88%), duplexes, homes converted to apartments or other small apartment buildings ( 2.43%), and a few row houses and other attached homes ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crystal. Owner-occupied housing accounts for 69.82% of Crystal's homes, and 63.28% 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. Crystal's housing was primarily built during this period, from the '40s through the '60s. A full 71.53% of the city's housing hails from this era. Other housing ages represented in Crystal include homes built between 1970-1999 ( 20.90%) and housing constructed before 1939 ( 4.68%). There's also some housing in Crystal built between 2000 and later ( 2.89%).

Crystal Home Appreciation Rates

Crystal's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crystal during the period has been just -1.15%, which is lower than 70% of US communities.

Appreciation rates are so strong in Crystal that despite a nationwide downturn in the housing market, Crystal real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crystal appreciation rates continue to be some of the highest in America, at 7.29%, which is higher than appreciation rates in 83.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crystal. Crystal 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 Crystal's latest annual appreciation rate is higher than 80% 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 Crystal differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crystal - 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 Crystal real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$190,669

Crystal, MN HOME PRICES

Value Range
> $1,212,000 0.1
$909,001 - $1,212,000 0.2
$606,001 - $909,000 0.3
$485,001 - $606,000 0.5
$364,001 - $485,000 2.0
$242,001 - $364,000 15.7
$121,001 - $242,000 71.2
$61,001 - $121,000 5.1
$0 - $61,000 4.8

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
34.7533106761983 43.5318275154004

Number Of Homes And Apartments:
9,348

Crystal 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
31.93% 1.62% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,311 / per month

Homeownership Rate

Homeownership
Owners 69.82
Renters 30.18
Vacant 3.90

Housing Market Details

 

Age of Homes

AGE OF Crystal HOMES
2000 or Newer 2.9
1970 - 1999 20.9
1940 - 1969 71.5
1939 or Older 4.7

Types of Homes

TYPE OF Crystal HOMES
Single-Family 76.1
Townhomes 1.6
Small Apt. Buildings 2.4
Apt. Complexes 19.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Crystal HOMES
No Bedroom 0.77
1 Bedroom 11.24
2 Bedrooms 22.45
3 Bedrooms 47.53
4 Bedrooms 15.75
5 or more bedrooms 2.26