Plymouth, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Plymouth, 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

Plymouth Housing Market Information

With 75,907 people, 30,267 houses or apartments, and a median cost of homes of $338,600, Plymouth house prices are not only among the most expensive in Minnesota, Plymouth real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Plymouth, accounting for 53.26% of the city's housing units. Other types of housing that are prevalent in Plymouth include large apartment complexes or high rise apartments ( 26.01%), row houses and other attached homes ( 18.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plymouth. Owner-occupied housing accounts for 70.42% of Plymouth's homes, and 51.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plymouth 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 Plymouth built between 2000 and later ( 17.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.53%). There's also some housing in Plymouth built before 1939 ( 1.80%).

Plymouth Home Appreciation Rates

Real estate appreciation rates in Plymouth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.40% during the period.

NeighborhoodScout's data show that during the latest twelve months, Plymouth's appreciation rate, at 4.45%, has been at or slightly above the national average. In the latest quarter, Plymouth's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Plymouth's latest annual appreciation rate is higher than 50% 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 Plymouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plymouth - 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 Plymouth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$338,600

Plymouth, MN HOME PRICES

Value Range
> $1,130,000 1.0
$848,001 - $1,130,000 1.5
$565,001 - $848,000 9.1
$452,001 - $565,000 11.8
$339,001 - $452,000 24.9
$226,001 - $339,000 29.7
$113,001 - $226,000 17.0
$57,001 - $113,000 3.0
$0 - $57,000 1.9

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
13.0610570725419 6.57084188911704

Number Of Homes And Apartments:
30,267

Plymouth 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
38.94% 1.92% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,490 / per month

Homeownership Rate

Homeownership
Owners 70.42
Renters 29.58
Vacant 4.14

Housing Market Details

 

Age of Homes

AGE OF Plymouth HOMES
2000 or Newer 17.6
1970 - 1999 67.0
1940 - 1969 13.5
1939 or Older 1.8

Types of Homes

TYPE OF Plymouth HOMES
Single-Family 53.3
Townhomes 18.7
Small Apt. Buildings 1.9
Apt. Complexes 26.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Plymouth HOMES
No Bedroom 1.24
1 Bedroom 10.71
2 Bedrooms 27.67
3 Bedrooms 27.10
4 Bedrooms 24.33
5 or more bedrooms 8.95