McGregor MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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McGregor, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

McGregor Housing Market Information

With a population of 366, 194 total housing units (homes and apartments), and a median house value of $206,873, McGregor real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in McGregor, accounting for 54.76% of the city's housing units. Other types of housing that are prevalent in McGregor include mobile homes or trailers ( 18.57%), duplexes, homes converted to apartments or other small apartment buildings ( 14.76%), and a few large apartment complexes or high rise apartments ( 11.90%).

People in McGregor primarily live in small (one, two or no bedroom) single-family detached homes. McGregor has a mixture of owner-occupied and renter-occupied housing.

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. McGregor's housing was primarily built during this period, from the '40s through the '60s. A full 45.71% of the city's housing hails from this era. Other housing ages represented in McGregor include homes built between 1970-1999 ( 40.48%) and housing constructed before 1939 ( 8.57%). There's also some housing in McGregor built between 2000 and later ( 5.24%).

McGregor Home Appreciation Rates

Appreciation rates for homes in McGregor have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 33.84%, which ranks in the top 40% nationwide. This equates to an annual average McGregor house appreciation rate of 2.96%.

NeighborhoodScout's data show that during the latest twelve months, McGregor's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, McGregor's appreciation rate has been 0.72%, which annualizes to a rate of 2.93%.

Relative to Minnesota, our data show that McGregor's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$206,873

McGregor, MN HOME PRICES

Value Range
> $1,182,000 0.4
$886,001 - $1,182,000 0.6
$591,001 - $886,000 3.4
$473,001 - $591,000 6.1
$354,001 - $473,000 8.7
$237,001 - $354,000 23.7
$118,001 - $237,000 30.6
$59,001 - $118,000 16.3
$0 - $59,000 10.2

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
38.6627737226277 50.5133470225873

Number Of Homes And Apartments:
194

McGregor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
85.80% 3.11%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$825 / per month

Homeownership Rate

Homeownership
Owners 39.69
Renters 60.31
Vacant 7.62

Housing Market Details

 

Age of Homes

AGE OF McGregor HOMES
2000 or Newer 5.2
1970 - 1999 40.5
1940 - 1969 45.7
1939 or Older 8.6

Types of Homes

TYPE OF McGregor HOMES
Single-Family 54.8
Townhomes 0.0
Small Apt. Buildings 14.8
Apt. Complexes 11.9
Mobile Homes 18.6
Other 0.0

Home Size

SIZE OF McGregor HOMES
No Bedroom 2.86
1 Bedroom 19.52
2 Bedrooms 40.00
3 Bedrooms 30.95
4 Bedrooms 5.71
5 or more bedrooms 0.95

Popular Neighborhoods in McGregor

Popular Communities Near McGregor, MN

Zip Codes in McGregor, MN