Mendota Heights, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mendota Heights, 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

Mendota Heights Housing Market Information

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%).

Mendota Heights Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$427,080

Mendota Heights, MN HOME PRICES

Value Range
> $1,182,000 1.6
$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

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
8.25618188210477 3.69609856262834

Number Of Homes And Apartments:
4,609

Mendota Heights 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
41.77% 2.04% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,527 / per month

Homeownership Rate

Homeownership
Owners 86.78
Renters 13.22
Vacant 1.79

Housing Market Details

 

Age of Homes

AGE OF Mendota Heights HOMES
2000 or Newer 9.3
1970 - 1999 60.4
1940 - 1969 26.3
1939 or Older 4.0

Types of Homes

TYPE OF Mendota Heights HOMES
Single-Family 70.5
Townhomes 14.3
Small Apt. Buildings 1.7
Apt. Complexes 13.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Mendota Heights HOMES
No Bedroom 0.17
1 Bedroom 4.45
2 Bedrooms 20.58
3 Bedrooms 36.01
4 Bedrooms 26.76
5 or more bedrooms 12.02

Popular Neighborhoods in Mendota Heights

Zip Codes in Mendota Heights, MN