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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 11,223 people, 4,609 houses or apartments, and a median cost of homes of $427,080, Mendota Heights house prices are not only among the most expensive in Minnesota, Mendota Heights real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Mendota Heights, accounting for 70.47% of the city's housing units. Other types of housing that are prevalent in Mendota Heights include row houses and other attached homes ( 14.34%), large apartment complexes or high rise apartments ( 13.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mendota Heights. Owner-occupied housing accounts for 86.78% of Mendota Heights's homes, and 62.77% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mendota Heights 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 Mendota Heights built between 1940-1969 ( 26.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.31%). There's also some housing in Mendota Heights built before 1939 ( 3.96%).
Real estate appreciation rates in Mendota Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.
Appreciation rates are so strong in Mendota Heights that despite a nationwide downturn in the housing market, Mendota Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mendota Heights appreciation rates continue to be some of the highest in America, at 5.85%, which is higher than appreciation rates in 72.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mendota Heights. Mendota Heights appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.
Relative to Minnesota, our data show that Mendota Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in Minnesota.
|$886,001 - $1,182,000||3.1|
|$591,001 - $886,000||14.6|
|$472,001 - $591,000||16.0|
|$354,001 - $472,000||21.9|
|$237,001 - $354,000||25.8|
|$118,001 - $237,000||14.2|
|$59,001 - $118,000||1.3|
|$0 - $59,000||1.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mendota Heights HOMES|
|2000 or Newer||9.3|
|1970 - 1999||60.4|
|1940 - 1969||26.3|
|1939 or Older||4.0|
|TYPE OF Mendota Heights HOMES|
|Small Apt. Buildings||1.7|
|SIZE OF Mendota Heights HOMES|
|5 or more bedrooms||12.02|