Ham Lake, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ham Lake Neighborhoods Since 2000




Ham Lake, MN Real Estate Data


Ham Lake Housing Market Information

With 16,062 people, 5,346 houses or apartments, and a median cost of homes of $324,929, Ham Lake house prices are not only among the most expensive in Minnesota, Ham Lake 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 Ham Lake, accounting for 86.24% of the city's housing units. Other types of housing that are prevalent in Ham Lake include mobile homes or trailers ( 5.20%), row houses and other attached homes ( 4.67%), and a few large apartment complexes or high rise apartments ( 2.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ham Lake. Owner-occupied housing accounts for 93.24% of Ham Lake's homes, and 75.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ham Lake 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 Ham Lake built between 2000 and later ( 25.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.94%). There's also some housing in Ham Lake built before 1939 ( 2.25%).

Ham Lake Home Appreciation Rates

Ham Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ham Lake during the period has been just -1.56%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ham Lake's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Ham Lake's appreciation rate has been 0.78%, which annualizes to a rate of 3.15%.

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

Average Home Values

 

Median Home Value:
$324,929

Ham Lake, MN HOME PRICES

Value Range
> $1,178,000 0.1
$884,001 - $1,178,000 0.7
$589,001 - $884,000 7.0
$471,001 - $589,000 8.3
$354,001 - $471,000 22.4
$235,001 - $354,000 28.9
$118,001 - $235,000 25.7
$59,001 - $118,000 1.5
$0 - $59,000 5.2

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
13.8755420133599 7.59753593429158

Number Of Homes And Apartments:
5,346

Rent & Ownership

 

Average Market Rent:
$1,117 / per month

Homeownership Rate

Homeownership
Owners 93.24
Renters 6.76
Vacant 2.85

Housing Market Details

 

Age of Homes

AGE OF Ham Lake HOMES
2000 or Newer 25.7
1970 - 1999 61.1
1940 - 1969 10.9
1939 or Older 2.3

Types of Homes

TYPE OF Ham Lake HOMES
Single-Family 86.2
Townhomes 4.7
Small Apt. Buildings 1.8
Apt. Complexes 2.1
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Ham Lake HOMES
No Bedroom 1.16
1 Bedroom 3.47
2 Bedrooms 9.49
3 Bedrooms 38.54
4 Bedrooms 36.49
5 or more bedrooms 10.85

Ham Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
26.93% 1.39% 3 3
* 10 is highest