Minnesota
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating MN Cities Since 2000




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 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

Average Home Values

Median Home Value:
$215,904

Number Of Homes And Apartments:
2,124,745

Minnesota Home Prices

Value Range
> $1,157,000 0.9
$868,001 - $1,157,000 0.9
$579,001 - $868,000 3.5
$463,001 - $579,000 4.3
$347,001 - $463,000 10.1
$231,001 - $347,000 23.7
$116,001 - $231,000 39.6
$58,001 - $116,000 11.0
$0 - $58,000 6.0

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
1.03% 4.19% 7
Last 12 Months:
2016 Q1 - 2017 Q1
5.66% 5.66% 7
Last 2 Years:
2015 Q1 - 2017 Q1
10.92% 5.32% 7
Last 5 Years:
2012 Q1 - 2017 Q1
24.37% 4.46% 7
Last 10 Years:
2007 Q1 - 2017 Q1
-2.06% -0.21% 3
Since 2000:
2000 Q1 - 2017 Q1
61.52% 2.86% 5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,100 / per month

Homeownership Rate

Homeownership
Owners 69.88
Renters 30.12
Vacant 10.49

Housing Details

Age of Homes

AGE OF Minnesota HOMES
2000 or Newer 15.9
1970 - 1999 42.2
1940 - 1969 24.9
1939 or Older 17.0

Types of Homes

TYPE OF Minnesota HOMES
Single-Family 67.2
Townhomes 7.4
Small Apt. Buildings 4.4
Apt. Complexes 17.5
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Minnesota HOMES
No Bedroom 1.90
1 Bedroom 11.60
2 Bedrooms 26.41
3 Bedrooms 33.93
4 Bedrooms 20.11
5 or more bedrooms 6.05