Little Canada, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Little Canada Neighborhoods Since 2000




Little Canada, 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

Little Canada Housing Market Information

With a population of 10,319, 4,479 total housing units (homes and apartments), and a median house value of $152,921, Little Canada real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Little Canada, accounting for 41.87% of the city's housing units. Other types of housing that are prevalent in Little Canada include single-family detached homes ( 38.11%), row houses and other attached homes ( 9.32%), and a few mobile homes or trailers ( 7.08%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Little Canada primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Little Canada has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Little Canada 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 Little Canada built between 1940-1969 ( 17.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.23%). There's also some housing in Little Canada built before 1939 ( 5.29%).

Little Canada Home Appreciation Rates

Little Canada's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Little Canada during the period has been just -1.32%, which is lower than 70% of US communities.

Appreciation rates are so strong in Little Canada that despite a nationwide downturn in the housing market, Little Canada real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Little Canada appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 82.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Little Canada. Little Canada 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 Little Canada's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$152,921

Little Canada, MN HOME PRICES

Value Range
> $1,157,000 0.4
$868,001 - $1,157,000 0.6
$579,001 - $868,000 2.3
$463,001 - $579,000 2.8
$347,001 - $463,000 9.9
$231,001 - $347,000 36.2
$116,001 - $231,000 24.8
$58,001 - $116,000 8.0
$0 - $58,000 15.0

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
48.7753427868276 65.9137577002053

Number Of Homes And Apartments:
4,479

Little Canada 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
19.30% 1.03% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,098 / per month

Homeownership Rate

Homeownership
Owners 61.11
Renters 38.89
Vacant 6.41

Housing Market Details

 

Age of Homes

AGE OF Little Canada HOMES
2000 or Newer 7.2
1970 - 1999 69.5
1940 - 1969 18.0
1939 or Older 5.3

Types of Homes

TYPE OF Little Canada HOMES
Single-Family 38.1
Townhomes 9.3
Small Apt. Buildings 3.6
Apt. Complexes 41.9
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Little Canada HOMES
No Bedroom 2.42
1 Bedroom 19.45
2 Bedrooms 38.61
3 Bedrooms 24.03
4 Bedrooms 12.01
5 or more bedrooms 3.47

Popular Neighborhoods in Little Canada

Zip Codes in Little Canada, MN