Fridley, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fridley Neighborhoods Since 2000




Fridley, 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

Fridley Housing Market Information

With 27,713 people, 11,076 houses or apartments, and a median cost of homes of $199,989, Fridley real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fridley, accounting for 57.93% of the city's housing units. Other types of housing that are prevalent in Fridley include large apartment complexes or high rise apartments ( 27.09%), row houses and other attached homes ( 8.38%), and a few mobile homes or trailers ( 3.48%).

The most prevalent building size and type in Fridley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.28% owning and 38.72% renting.

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. Fridley's housing was primarily built during this period, from the '40s through the '60s. A full 57.50% of the city's housing hails from this era. Other housing ages represented in Fridley include homes built between 1970-1999 ( 38.04%) and housing constructed between 2000 and later ( 2.91%). There's also some housing in Fridley built before 1939 ( 1.55%).

Fridley Home Appreciation Rates

Fridley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fridley during the period has been just -1.35%, which is lower than 80% of US communities.

Appreciation rates are so strong in Fridley that despite a nationwide downturn in the housing market, Fridley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fridley appreciation rates continue to be some of the highest in America, at 7.44%, which is higher than appreciation rates in 83.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fridley. Fridley 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 Fridley's latest annual appreciation rate is higher than 90% 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 Fridley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fridley - 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 Fridley real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$199,989

Fridley, MN HOME PRICES

Value Range
> $1,216,000 0.4
$912,001 - $1,216,000 0.3
$608,001 - $912,000 0.3
$486,001 - $608,000 1.0
$365,001 - $486,000 3.9
$243,001 - $365,000 19.7
$122,001 - $243,000 62.8
$61,001 - $122,000 5.3
$0 - $61,000 6.2

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
32.2454002109457 40.6570841889117

Number Of Homes And Apartments:
11,076

Fridley 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
32.61% 1.65% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,104 / per month

Homeownership Rate

Homeownership
Owners 61.28
Renters 38.72
Vacant 2.97

Housing Market Details

 

Age of Homes

AGE OF Fridley HOMES
2000 or Newer 2.9
1970 - 1999 38.0
1940 - 1969 57.5
1939 or Older 1.6

Types of Homes

TYPE OF Fridley HOMES
Single-Family 57.9
Townhomes 8.4
Small Apt. Buildings 3.1
Apt. Complexes 27.1
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Fridley HOMES
No Bedroom 0.96
1 Bedroom 14.37
2 Bedrooms 31.28
3 Bedrooms 34.96
4 Bedrooms 15.44
5 or more bedrooms 2.99