Golden Valley, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Golden Valley Neighborhoods Since 2000




Golden Valley, 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

Golden Valley Housing Market Information

With 21,270 people, 8,905 houses or apartments, and a median cost of homes of $343,948, 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 69.70% of the city's housing units. Other types of housing that are prevalent in Golden Valley include large apartment complexes or high rise apartments ( 21.77%), row houses and other attached homes ( 6.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.32%).

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 75.25% of Golden Valley's homes, and 63.19% 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 57.42% of the city's housing hails from this era. Other housing ages represented in Golden Valley include homes built between 1970-1999 ( 30.04%) and housing constructed between 2000 and later ( 7.80%). There's also some housing in Golden Valley built before 1939 ( 4.73%).

Golden Valley Home Appreciation Rates

Real estate appreciation rates in Golden Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.02% during the period.

Appreciation rates are so strong in Golden Valley that despite a nationwide downturn in the housing market, Golden Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Golden Valley appreciation rates continue to be some of the highest in America, at 6.47%, which is higher than appreciation rates in 77.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Golden Valley. Golden Valley 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 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

 

Median Home Value:
$343,948

Golden Valley, MN HOME PRICES

Value Range
> $1,196,000 1.9
$897,001 - $1,196,000 1.1
$598,001 - $897,000 8.6
$478,001 - $598,000 6.4
$359,001 - $478,000 19.9
$239,001 - $359,000 38.0
$120,001 - $239,000 18.9
$60,001 - $120,000 2.6
$0 - $60,000 2.5

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
12.6450251962967 6.16016427104723

Number Of Homes And Apartments:
8,905

Golden Valley 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
47.09% 2.26% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,538 / per month

Homeownership Rate

Homeownership
Owners 75.25
Renters 24.75
Vacant 4.40

Housing Market Details

 

Age of Homes

AGE OF Golden Valley HOMES
2000 or Newer 7.8
1970 - 1999 30.0
1940 - 1969 57.4
1939 or Older 4.7

Types of Homes

TYPE OF Golden Valley HOMES
Single-Family 69.7
Townhomes 6.9
Small Apt. Buildings 1.3
Apt. Complexes 21.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Golden Valley HOMES
No Bedroom 0.45
1 Bedroom 11.07
2 Bedrooms 18.81
3 Bedrooms 39.57
4 Bedrooms 23.62
5 or more bedrooms 6.48