North Branch, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Branch, 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

North Branch Housing Market Information

With 10,215 people, 3,732 houses or apartments, and a median cost of homes of $217,174, North Branch real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Branch, accounting for 78.80% of the city's housing units. Other types of housing that are prevalent in North Branch include large apartment complexes or high rise apartments ( 7.91%), duplexes, homes converted to apartments or other small apartment buildings ( 4.77%), and a few row houses and other attached homes ( 4.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Branch. Owner-occupied housing accounts for 79.83% of North Branch's homes, and 70.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Branch 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 North Branch built between 2000 and later ( 32.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.07%). There's also some housing in North Branch built before 1939 ( 4.38%).

North Branch Home Appreciation Rates

North Branch's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Branch during the period has been just -1.81%, which is lower than 80% of US communities.

Appreciation rates are so strong in North Branch that despite a nationwide downturn in the housing market, North Branch real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Branch appreciation rates continue to be some of the highest in America, at 9.89%, which is higher than appreciation rates in 93.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Branch. North Branch 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 North Branch's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$217,174

North Branch, MN HOME PRICES

Value Range
> $1,261,000 0.6
$946,001 - $1,261,000 0.0
$630,001 - $946,000 0.5
$504,001 - $630,000 1.0
$378,001 - $504,000 4.9
$252,001 - $378,000 22.5
$126,001 - $252,000 57.7
$63,001 - $126,000 7.2
$0 - $63,000 5.5

High for MN
High for Nation

Value Relative to Nation Value Relative to State
28.2784483768897 32.4435318275154

Number Of Homes And Apartments:
3,732

North Branch 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
19.28% 1.03% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,307 / per month

Homeownership Rate

Homeownership
Owners 79.83
Renters 20.17
Vacant 1.58

Housing Market Details

 

Age of Homes

AGE OF North Branch HOMES
2000 or Newer 32.5
1970 - 1999 55.0
1940 - 1969 8.1
1939 or Older 4.4

Types of Homes

TYPE OF North Branch HOMES
Single-Family 78.8
Townhomes 4.4
Small Apt. Buildings 4.8
Apt. Complexes 7.9
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF North Branch HOMES
No Bedroom 1.08
1 Bedroom 7.62
2 Bedrooms 15.56
3 Bedrooms 45.25
4 Bedrooms 24.79
5 or more bedrooms 5.70