Moorhead, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Moorhead, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Moorhead Housing Market Information

With 43,122 people, 15,725 houses or apartments, and a median cost of homes of $194,442, Moorhead real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Moorhead, accounting for 54.63% of the city's housing units. Other types of housing that are prevalent in Moorhead include large apartment complexes or high rise apartments ( 28.66%), row houses and other attached homes ( 9.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.40%).

The most prevalent building size and type in Moorhead are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.68% owning and 43.32% renting.

There is a lot of housing in Moorhead 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 Moorhead built between 1940-1969 ( 30.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.59%). There's also some housing in Moorhead built before 1939 ( 8.44%).

Moorhead Home Appreciation Rates

Appreciation rates for homes in Moorhead have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.41%, which ranks in the top 30% nationwide. This equates to an annual average Moorhead house appreciation rate of 2.61%.

Over the last year, Moorhead appreciation rates have trailed the rest of the nation. In the last twelve months, Moorhead's appreciation rate has been -0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moorhead were at 0.39%, which equates to an annual appreciation rate of 1.55%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Moorhead differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moorhead - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Moorhead real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$194,442

Moorhead, MN HOME PRICES

Value Range
> $1,124,000 0.1
$843,001 - $1,124,000 0.1
$562,001 - $843,000 1.6
$449,001 - $562,000 2.2
$337,001 - $449,000 5.9
$225,001 - $337,000 20.1
$112,001 - $225,000 58.6
$56,001 - $112,000 8.2
$0 - $56,000 3.2

Average for MN
Average for Nation

Value Relative to Nation Value Relative to State
40.0700729927007 51.5400410677618

Number Of Homes And Apartments:
15,725

Moorhead Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
85.78% 3.23%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$940 / per month

Homeownership Rate

Homeownership
Owners 56.68
Renters 43.32
Vacant 7.94

Housing Market Details

 

Age of Homes

AGE OF Moorhead HOMES
2000 or Newer 24.6
1970 - 1999 36.8
1940 - 1969 30.2
1939 or Older 8.4

Types of Homes

TYPE OF Moorhead HOMES
Single-Family 54.6
Townhomes 9.7
Small Apt. Buildings 5.4
Apt. Complexes 28.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Moorhead HOMES
No Bedroom 1.56
1 Bedroom 11.36
2 Bedrooms 28.29
3 Bedrooms 28.41
4 Bedrooms 23.36
5 or more bedrooms 7.03