Minnesota
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






Minnesota Real Estate Values & Housing Market 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$249,978

Number Of Homes And Apartments:
2,178,793

Minnesota Home Prices

> $1,202,000
1.0%
1.0%
$901,509 - $1,202,000
1.2%
1.2%
$601,001 - $901,508
4.4%
4.4%
$480,824 - $601,000
5.7%
5.7%
$360,627 - $480,823
12.6%
12.6%
$240,389 - $360,626
26.7%
26.7%
$120,090 - $240,388
34.5%
34.5%
$60,073 - $120,089
8.9%
8.9%
$0 - $60,072
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
2.08% 8.57%
7
Last 12 Months:
2019 Q3 - 2020 Q3
4.38% 4.38%
4
Last 2 Years:
2018 Q3 - 2020 Q3
8.71% 4.27%
3
Last 5 Years:
2015 Q3 - 2020 Q3
27.97% 5.06%
6
Last 10 Years:
2010 Q3 - 2020 Q3
37.83% 3.26%
6
Since 2000:
2000 Q1 - 2020 Q3
92.70% 3.25%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,261 / per month

Homeownership Rate

Owners
69.8%
69.8%
Renters
30.2%
30.2%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
18.2%
18.2%
1970 - 1999
41.3%
41.3%
1940 - 1969
24.1%
24.1%
1939 or Older
16.4%
16.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.2%
67.2%
Townhomes
7.4%
7.4%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
17.9%
17.9%
Mobile Homes
3.3%
3.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
11.4%
11.4%
2 Bedrooms
25.6%
25.6%
3 Bedrooms
33.5%
33.5%
4 Bedrooms
20.7%
20.7%
5 or more bedrooms
6.5%
6.5%
0.0% 100.0%
% OF HOMES