Menahga, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Menahga Neighborhoods Since 2000




Menahga, 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

Menahga Housing Market Information

With a population of 1,339, 598 total housing units (homes and apartments), and a median house value of $133,985, house prices in Menahga are solidly below the national average.

Single-family detached homes are the single most common housing type in Menahga, accounting for 67.67% of the city's housing units. Other types of housing that are prevalent in Menahga include large apartment complexes or high rise apartments ( 18.82%), mobile homes or trailers ( 10.92%), and a few row houses and other attached homes ( 2.01%).

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

There is a lot of housing in Menahga 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 Menahga built between 1940-1969 ( 23.42%). A lesser amount of the housing stock also hails from before 1939 ( 13.36%). There's also some housing in Menahga built between 2000 and later ( 11.64%).

Vacant housing appears to be an issue in Menahga. Fully 14.08% of the housing stock is classified as vacant. Left unchecked, vacant Menahga homes and apartments can be a drag on the real estate market, holding Menahga real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Menahga Home Appreciation Rates

Real estate appreciation rates in Menahga's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.07% during the period.

NeighborhoodScout's data show that during the latest twelve months, Menahga's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, Menahga's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$133,985

Menahga, MN HOME PRICES

Value Range
> $1,096,000 0.4
$822,001 - $1,096,000 0.2
$548,001 - $822,000 0.5
$438,001 - $548,000 1.7
$329,001 - $438,000 3.2
$219,001 - $329,000 14.3
$109,001 - $219,000 43.2
$55,001 - $109,000 24.2
$0 - $55,000 12.4

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
57.6262744638462 75.564681724846

Number Of Homes And Apartments:
598

Menahga 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
61.02% 2.80% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$667 / per month

Homeownership Rate

Homeownership
Owners 54.47
Renters 45.53
Vacant 14.08

Housing Market Details

 

Age of Homes

AGE OF Menahga HOMES
2000 or Newer 11.6
1970 - 1999 51.6
1940 - 1969 23.4
1939 or Older 13.4

Types of Homes

TYPE OF Menahga HOMES
Single-Family 67.7
Townhomes 2.0
Small Apt. Buildings 0.6
Apt. Complexes 18.8
Mobile Homes 10.9
Other 0.0

Home Size

SIZE OF Menahga HOMES
No Bedroom 0.00
1 Bedroom 27.87
2 Bedrooms 34.20
3 Bedrooms 24.28
4 Bedrooms 11.06
5 or more bedrooms 2.59

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Zip Codes in Menahga, MN