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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 21,942 people, 9,844 houses or apartments, and a median cost of homes of $464,556, Golden Valley real estate is some of the most expensive in Minnesota, although Golden Valley home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Golden Valley, accounting for 67.05% of the city's housing units. Other types of housing that are prevalent in Golden Valley include large apartment complexes or high rise apartments ( 24.79%), row houses and other attached homes ( 6.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Golden Valley. Owner-occupied housing accounts for 73.03% of Golden Valley's homes, and 61.11% 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. Golden Valley's housing was primarily built during this period, from the '40s through the '60s. A full 56.36% of the city's housing hails from this era. Other housing ages represented in Golden Valley include homes built between 1970-1999 ( 25.09%) and housing constructed between 2000 and later ( 14.21%). There's also some housing in Golden Valley built before 1939 ( 4.34%).
Appreciation rates for homes in Golden Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.41%, which ranks in the top 40% nationwide. This equates to an annual average Golden Valley house appreciation rate of 6.48%.
Over the last year, Golden Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Golden Valley's appreciation rate has been 5.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Golden Valley were at -2.55%, which equates to an annual appreciation rate of -9.83%.
Notably, Golden Valley's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Golden Valley's latest annual appreciation rate is lower 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 Golden Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Golden Valley - 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 Golden Valley real estate investment or home purchase decisions.
$464,556
for Minnesota
for nation
9,844
$1,804 / per month