Little Falls, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Little Falls Neighborhoods Since 2000




Little Falls, 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 Falls Housing Market Information

With 8,649 people, 3,902 houses or apartments, and a median cost of homes of $139,397, house prices in Little Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Little Falls, accounting for 66.21% of the city's housing units. Other types of housing that are prevalent in Little Falls include large apartment complexes or high rise apartments ( 18.72%), row houses and other attached homes ( 6.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.49%).

The most prevalent building size and type in Little Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.47% owning and 38.53% renting.

There is a lot of housing in Little Falls 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 Falls built between 1940-1969 ( 30.32%). A lesser amount of the housing stock also hails from before 1939 ( 23.40%). There's also some housing in Little Falls built between 2000 and later ( 13.52%).

Little Falls Home Appreciation Rates

Little Falls's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Little Falls during the period has been just -1.11%, which is lower than 70% of US communities.

Appreciation rates are so strong in Little Falls that despite a nationwide downturn in the housing market, Little Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Little Falls appreciation rates continue to be some of the highest in America, at 5.67%, which is higher than appreciation rates in 71.07% 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 Falls. Little Falls appreciation rates in the latest quarter were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$139,397

Little Falls, MN HOME PRICES

Value Range
> $1,120,000 0.1
$840,001 - $1,120,000 0.1
$560,001 - $840,000 0.3
$448,001 - $560,000 0.2
$336,001 - $448,000 2.3
$224,001 - $336,000 9.2
$112,001 - $224,000 54.3
$56,001 - $112,000 27.1
$0 - $56,000 6.6

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
55.0333997421774 73.9219712525667

Number Of Homes And Apartments:
3,902

Little Falls 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
27.78% 1.43% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$782 / per month

Homeownership Rate

Homeownership
Owners 61.47
Renters 38.53
Vacant 5.27

Housing Market Details

 

Age of Homes

AGE OF Little Falls HOMES
2000 or Newer 13.5
1970 - 1999 32.8
1940 - 1969 30.3
1939 or Older 23.4

Types of Homes

TYPE OF Little Falls HOMES
Single-Family 66.2
Townhomes 6.1
Small Apt. Buildings 5.5
Apt. Complexes 18.7
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Little Falls HOMES
No Bedroom 0.61
1 Bedroom 17.12
2 Bedrooms 18.48
3 Bedrooms 40.01
4 Bedrooms 18.72
5 or more bedrooms 5.07

Popular Neighborhoods in Little Falls

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Zip Codes in Little Falls, MN