McGregor, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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McGregor, MN Real Estate Data


McGregor Housing Market Information

With a population of 367, 226 total housing units (homes and apartments), and a median house value of $178,951, 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 54.81% of the city's housing units. Other types of housing that are prevalent in McGregor include mobile homes or trailers ( 23.43%), large apartment complexes or high rise apartments ( 17.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.60%).

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.

There is a lot of housing in McGregor 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 McGregor built between 1940-1969 ( 23.85%). A lesser amount of the housing stock also hails from before 1939 ( 18.41%). There's also some housing in McGregor built between 2000 and later ( 8.37%).

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 4.29%, which ranks in the top 50% nationwide. This equates to an annual average McGregor house appreciation rate of 0.42%.

Over the last year, McGregor appreciation rates have trailed the rest of the nation. In the last twelve months, McGregor's appreciation rate has been 4.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McGregor were at 1.73%, which equates to an annual appreciation rate of 7.09%.

Relative to Minnesota, our data show that McGregor's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$178,951

McGregor, MN HOME PRICES

Value Range
> $1,121,000 0.7
$841,001 - $1,121,000 0.0
$560,001 - $841,000 1.4
$448,001 - $560,000 3.7
$336,001 - $448,000 8.8
$224,001 - $336,000 22.9
$112,001 - $224,000 32.4
$56,001 - $112,000 15.0
$0 - $56,000 15.0

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
39.7083796919834 52.5667351129363

Number Of Homes And Apartments:
226

Rent & Ownership

 

Average Market Rent:
$774 / per month

Homeownership Rate

Homeownership
Owners 50.00
Renters 50.00
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF McGregor HOMES
2000 or Newer 8.4
1970 - 1999 49.4
1940 - 1969 23.8
1939 or Older 18.4

Types of Homes

TYPE OF McGregor HOMES
Single-Family 54.8
Townhomes 0.0
Small Apt. Buildings 4.6
Apt. Complexes 17.2
Mobile Homes 23.4
Other 0.0

Home Size

SIZE OF McGregor HOMES
No Bedroom 3.77
1 Bedroom 17.99
2 Bedrooms 33.47
3 Bedrooms 37.24
4 Bedrooms 5.44
5 or more bedrooms 2.09

McGregor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
56.05% 2.65% 8 7
* 10 is highest

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Zip Codes in McGregor, MN