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 about Scout's Real Estate Data
With 3,775 people, 1,509 houses or apartments, and a median cost of homes of $205,516, house prices in Mora are solidly below the national average.
Single-family detached homes are the single most common housing type in Mora, accounting for 53.85% of the city's housing units. Other types of housing that are prevalent in Mora include large apartment complexes or high rise apartments ( 22.65%), mobile homes or trailers ( 10.30%), and a few row houses and other attached homes ( 9.45%).
People in Mora primarily live in small (one, two or no bedroom) single-family detached homes. Mora has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mora 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 Mora built between 2000 and later ( 23.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.17%). There's also some housing in Mora built before 1939 ( 18.29%).
Appreciation rates for homes in Mora have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.42%, which ranks in the top 50% nationwide. This equates to an annual average Mora house appreciation rate of 6.25%.
Over the last year, Mora appreciation rates have trailed the rest of the nation. In the last twelve months, Mora's appreciation rate has been 3.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mora were at -0.63%, which equates to an annual appreciation rate of -2.49%.
Notably, Mora's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Mora's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.
$205,516
for Minnesota
for nation
1,509
$1,307 / per month