Frazee, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Frazee, MN Real Estate Data


Frazee Housing Market Information

With 1,371 people, 560 houses or apartments, and a median cost of homes of $180,362, Frazee real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Frazee, accounting for 64.03% of the city's housing units. Other types of housing that are prevalent in Frazee include mobile homes or trailers ( 13.86%), large apartment complexes or high rise apartments ( 8.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.09%).

The most prevalent building size and type in Frazee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.93% owning and 36.07% renting.

There is a lot of housing in Frazee 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 Frazee built between 1940-1969 ( 29.04%). A lesser amount of the housing stock also hails from before 1939 ( 26.40%). There's also some housing in Frazee built between 2000 and later ( 8.91%).

Frazee Home Appreciation Rates

Appreciation rates for homes in Frazee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.68%, which ranks in the top 40% nationwide. This equates to an annual average Frazee house appreciation rate of 0.74%.

NeighborhoodScout's data show that during the latest twelve months, Frazee's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, Frazee's appreciation rate has been 1.73%, which annualizes to a rate of 7.09%.

Relative to Minnesota, our data show that Frazee's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$180,362

Frazee, MN HOME PRICES

Value Range
> $1,141,000 0.3
$856,001 - $1,141,000 0.2
$571,001 - $856,000 1.1
$456,001 - $571,000 2.4
$343,001 - $456,000 8.7
$228,001 - $343,000 20.8
$114,001 - $228,000 41.1
$57,001 - $114,000 14.4
$0 - $57,000 11.1

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
39.198922527376 51.9507186858316

Number Of Homes And Apartments:
560

Rent & Ownership

 

Average Market Rent:
$759 / per month

Homeownership Rate

Homeownership
Owners 63.93
Renters 36.07
Vacant 7.59

Housing Market Details

 

Age of Homes

AGE OF Frazee HOMES
2000 or Newer 8.9
1970 - 1999 35.6
1940 - 1969 29.0
1939 or Older 26.4

Types of Homes

TYPE OF Frazee HOMES
Single-Family 64.0
Townhomes 5.4
Small Apt. Buildings 8.1
Apt. Complexes 8.6
Mobile Homes 13.9
Other 0.0

Home Size

SIZE OF Frazee HOMES
No Bedroom 0.99
1 Bedroom 9.74
2 Bedrooms 36.96
3 Bedrooms 39.27
4 Bedrooms 9.74
5 or more bedrooms 3.30

Frazee 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
72.68% 3.27% 10 9
* 10 is highest

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Zip Codes in Frazee, MN