Maple Grove, 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 Q3 2021. 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

Maple Grove, MN Housing Market Trends

With a population of 70,253, 27,332 total housing units (homes and apartments), and a median house value of $364,167, Maple Grove real estate is some of the most expensive in Minnesota, although Maple Grove home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Maple Grove, accounting for 63.72% of the city's housing units. Other types of housing that are prevalent in Maple Grove include row houses and other attached homes ( 25.43%), large apartment complexes or high rise apartments ( 9.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Maple Grove. Owner-occupied housing accounts for 86.00% of Maple Grove's homes, and 61.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Maple Grove 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 Maple Grove built between 2000 and later ( 30.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.04%).

Maple Grove Home Appreciation Rates

Appreciation rates for homes in Maple Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 55.49%, which ranks in the top 40% nationwide. This equates to an annual average Maple Grove house appreciation rate of 4.51%.

Over the last year, Maple Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Maple Grove's appreciation rate has been 11.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Maple Grove were at 5.41%, which equates to an annual appreciation rate of 23.46%.

Relative to Minnesota, our data show that Maple Grove's latest annual appreciation rate is lower 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 Maple Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maple Grove - 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 Maple Grove real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$364,167

Maple Grove, MN HOME PRICES

> $1,246,000
0.6%
0.6%
$935,001 - $1,246,000
1.6%
1.6%
$623,001 - $935,000
8.4%
8.4%
$498,001 - $623,000
14.7%
14.7%
$374,001 - $498,000
22.1%
22.1%
$249,001 - $374,000
33.2%
33.2%
$125,001 - $249,000
18.0%
18.0%
$62,001 - $125,000
0.8%
0.8%
$0 - $62,000
0.4%
0.4%
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:
27,332

Maple Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
77.00% 2.66%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,305 / per month

Homeownership Rate

Owners
86.0%
86.0%
Renters
14.0%
14.0%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.4%
30.4%
1970 - 1999
63.7%
63.7%
1940 - 1969
5.0%
5.0%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.7%
63.7%
Townhomes
25.4%
25.4%
Small Apt. Buildings
1.4%
1.4%
Apt. Complexes
9.4%
9.4%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
4.3%
4.3%
2 Bedrooms
21.7%
21.7%
3 Bedrooms
30.6%
30.6%
4 Bedrooms
30.8%
30.8%
5 or more bedrooms
12.0%
12.0%
0.0% 100.0%
% OF HOMES