Mound, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mound Neighborhoods Since 2000




Mound, 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

Mound Housing Market Information

With 9,336 people, 4,049 houses or apartments, and a median cost of homes of $242,483, Mound real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mound, accounting for 73.03% of the city's housing units. Other types of housing that are prevalent in Mound include large apartment complexes or high rise apartments ( 19.94%), row houses and other attached homes ( 4.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mound. Owner-occupied housing accounts for 73.23% of Mound's homes, and 54.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mound 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 Mound built between 1940-1969 ( 28.24%). A lesser amount of the housing stock also hails from before 1939 ( 13.29%). There's also some housing in Mound built between 2000 and later ( 8.57%).

Mound Home Appreciation Rates

Mound's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mound during the period has been just -0.84%, which is lower than 70% of US communities.

Appreciation rates are so strong in Mound that despite a nationwide downturn in the housing market, Mound real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mound appreciation rates continue to be some of the highest in America, at 6.44%, which is higher than appreciation rates in 77.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mound. Mound 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 Mound's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$242,483

Mound, MN HOME PRICES

Value Range
> $1,149,000 3.3
$861,001 - $1,149,000 3.6
$574,001 - $861,000 12.1
$460,001 - $574,000 6.4
$345,001 - $460,000 8.8
$230,001 - $345,000 18.0
$115,001 - $230,000 40.9
$57,001 - $115,000 2.7
$0 - $57,000 4.2

High for MN
High for Nation

Value Relative to Nation Value Relative to State
23.6786593226298 22.17659137577

Number Of Homes And Apartments:
4,049

Mound 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
38.92% 1.92% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,030 / per month

Homeownership Rate

Homeownership
Owners 73.23
Renters 26.77
Vacant 6.42

Housing Market Details

 

Age of Homes

AGE OF Mound HOMES
2000 or Newer 8.6
1970 - 1999 49.9
1940 - 1969 28.2
1939 or Older 13.3

Types of Homes

TYPE OF Mound HOMES
Single-Family 73.0
Townhomes 4.8
Small Apt. Buildings 2.0
Apt. Complexes 19.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Mound HOMES
No Bedroom 0.67
1 Bedroom 11.81
2 Bedrooms 26.42
3 Bedrooms 34.27
4 Bedrooms 20.27
5 or more bedrooms 6.56