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
With 4,831 people, 2,094 houses or apartments, and a median cost of homes of $234,401, Oak Park Heights real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Oak Park Heights, accounting for 44.81% of the city's housing units. Other types of housing that are prevalent in Oak Park Heights include single-family detached homes ( 36.33%), row houses and other attached homes ( 14.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.63%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Oak Park Heights primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Oak Park Heights has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Oak Park Heights 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 Oak Park Heights built between 2000 and later ( 24.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.14%). There's also some housing in Oak Park Heights built before 1939 ( 3.55%).
Oak Park Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oak Park Heights during the period has been just -0.91%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Oak Park Heights's appreciation rate, at 4.37%, has been at or slightly above the national average. In the latest quarter, Oak Park Heights's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.
Relative to Minnesota, our data show that Oak Park Heights's latest annual appreciation rate is higher than 50% of the other cities and towns in Minnesota.
|$854,001 - $1,139,000||1.3|
|$570,001 - $854,000||9.1|
|$456,001 - $570,000||7.7|
|$342,001 - $456,000||13.7|
|$228,001 - $342,000||30.5|
|$114,001 - $228,000||27.6|
|$57,001 - $114,000||5.0|
|$0 - $57,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Oak Park Heights HOMES|
|2000 or Newer||24.3|
|1970 - 1999||58.0|
|1940 - 1969||14.1|
|1939 or Older||3.5|
|TYPE OF Oak Park Heights HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Oak Park Heights HOMES|
|5 or more bedrooms||3.98|