Golden Valley, MN Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Golden Valley, MN Housing Market Trends

With 21,886 people, 9,596 houses or apartments, and a median cost of homes of $414,244, Golden Valley house prices are not only among the most expensive in Minnesota, Golden Valley real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Golden Valley, accounting for 67.50% of the city's housing units. Other types of housing that are prevalent in Golden Valley include large apartment complexes or high rise apartments ( 22.87%), row houses and other attached homes ( 8.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.22%).

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 72.21% of Golden Valley's homes, and 57.45% 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 51.69% of the city's housing hails from this era. Other housing ages represented in Golden Valley include homes built between 1970-1999 ( 30.05%) and housing constructed between 2000 and later ( 12.29%). There's also some housing in Golden Valley built before 1939 ( 5.97%).

Golden Valley Home Appreciation Rates

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 51.55%, which ranks in the top 30% nationwide. This equates to an annual average Golden Valley house appreciation rate of 4.25%.

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 4.94%, 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 2.35%, which equates to an annual appreciation rate of 9.76%.

Relative to Minnesota, our data show that Golden Valley'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 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.

Average Home Values

 
info

Median Home Value:
$414,244

Golden Valley, MN HOME PRICES

> $1,189,000
1.3%
1.3%
$891,001 - $1,189,000
2.5%
2.5%
$594,001 - $891,000
11.2%
11.2%
$476,001 - $594,000
11.9%
11.9%
$356,001 - $476,000
22.9%
22.9%
$238,001 - $356,000
36.9%
36.9%
$119,001 - $238,000
11.4%
11.4%
$60,001 - $119,000
1.1%
1.1%
$0 - $60,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MN

Value Relative To Nation

Number Of Homes And Apartments:
9,596

Golden Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
85.82% 2.99%
8
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,730 / per month

Homeownership Rate

Owners
72.2%
72.2%
Renters
27.8%
27.8%
Vacant
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
12.3%
12.3%
1970 - 1999
30.0%
30.0%
1940 - 1969
51.7%
51.7%
1939 or Older
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.5%
67.5%
Townhomes
8.0%
8.0%
Small Apt. Buildings
1.2%
1.2%
Apt. Complexes
22.9%
22.9%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
12.1%
12.1%
2 Bedrooms
21.7%
21.7%
3 Bedrooms
33.6%
33.6%
4 Bedrooms
23.9%
23.9%
5 or more bedrooms
7.0%
7.0%
0.0% 100.0%
% OF HOMES