New Brighton, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Brighton Neighborhoods Since 2000




New Brighton, 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

New Brighton Housing Market Information

With 22,351 people, 9,032 houses or apartments, and a median cost of homes of $279,472, New Brighton real estate is some of the most expensive in Minnesota, although New Brighton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in New Brighton, accounting for 51.67% of the city's housing units. Other types of housing that are prevalent in New Brighton include large apartment complexes or high rise apartments ( 34.04%), row houses and other attached homes ( 9.01%), and a few mobile homes or trailers ( 3.48%).

People in New Brighton primarily live in small (one, two or no bedroom) single-family detached homes. New Brighton has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Brighton's housing was primarily built during this period, from the '40s through the '60s. A full 43.50% of the city's housing hails from this era. Other housing ages represented in New Brighton include homes built between 1970-1999 ( 42.59%) and housing constructed between 2000 and later ( 9.43%). There's also some housing in New Brighton built before 1939 ( 4.47%).

New Brighton Home Appreciation Rates

Real estate appreciation rates in New Brighton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.56% during the period.

Appreciation rates are so strong in New Brighton that despite a nationwide downturn in the housing market, New Brighton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Brighton appreciation rates continue to be some of the highest in America, at 5.65%, which is higher than appreciation rates in 70.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Brighton. New Brighton 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 New Brighton's latest annual appreciation rate is higher than 70% 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 New Brighton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Brighton - 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 New Brighton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$279,472

New Brighton, MN HOME PRICES

Value Range
> $1,183,000 0.4
$887,001 - $1,183,000 1.0
$592,001 - $887,000 2.1
$474,001 - $592,000 4.3
$355,001 - $474,000 10.4
$236,001 - $355,000 38.9
$118,001 - $236,000 35.7
$59,001 - $118,000 2.0
$0 - $59,000 5.4

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
18.5397867104184 13.1416837782341

Number Of Homes And Apartments:
9,032

New Brighton 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
39.04% 1.93% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,054 / per month

Homeownership Rate

Homeownership
Owners 60.13
Renters 39.87
Vacant 3.34

Housing Market Details

 

Age of Homes

AGE OF New Brighton HOMES
2000 or Newer 9.4
1970 - 1999 42.6
1940 - 1969 43.5
1939 or Older 4.5

Types of Homes

TYPE OF New Brighton HOMES
Single-Family 51.7
Townhomes 9.0
Small Apt. Buildings 1.8
Apt. Complexes 34.0
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF New Brighton HOMES
No Bedroom 2.93
1 Bedroom 14.05
2 Bedrooms 30.66
3 Bedrooms 28.52
4 Bedrooms 18.33
5 or more bedrooms 5.50