Minnesota
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$226,987

Number Of Homes And Apartments:
2,135,310

Minnesota Home Prices

Value Range
> $1,185,003 0.9
$888,779 - $1,185,003 1.0
$592,573 - $888,778 3.7
$474,027 - $592,572 4.6
$355,536 - $474,026 10.7
$237,001 - $355,535 24.2
$118,590 - $237,000 38.4
$59,238 - $118,589 10.6
$0 - $59,237 5.8

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
1.07% 4.33%
5
Last 12 Months:
2017 Q1 - 2018 Q1
6.41% 6.41%
6
Last 2 Years:
2016 Q1 - 2018 Q1
12.85% 6.23%
7
Last 5 Years:
2013 Q1 - 2018 Q1
29.14% 5.25%
7
Last 10 Years:
2008 Q1 - 2018 Q1
7.52% 0.73%
5
Since 2000:
2000 Q1 - 2018 Q1
71.83% 3.05%
5
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,130 / per month

Homeownership Rate

Homeownership
Owners 69.69
Renters 30.31
Vacant 10.39

Housing Details

Age of Homes

AGE OF Minnesota HOMES
2000 or Newer 16.6
1970 - 1999 42.0
1940 - 1969 24.6
1939 or Older 16.8

Types of Homes

TYPE OF Minnesota HOMES
Single-Family 67.2
Townhomes 7.5
Small Apt. Buildings 4.3
Apt. Complexes 17.6
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Minnesota HOMES
No Bedroom 1.97
1 Bedroom 11.56
2 Bedrooms 26.14
3 Bedrooms 33.81
4 Bedrooms 20.34
5 or more bedrooms 6.18