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 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

Average Home Values

Median Home Value:
$245,586

Number Of Homes And Apartments:
2,167,801

Minnesota Home Prices

Value Range
> $1,180,892 1.0
$885,614 - $1,180,892 1.2
$590,396 - $885,613 4.4
$472,316 - $590,395 5.7
$354,171 - $472,315 12.6
$236,210 - $354,170 26.7
$118,001 - $236,209 34.5
$59,001 - $118,000 8.9
$0 - $59,000 5.0

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q4 - 2020 Q1
0.79% 3.18%
6
Last 12 Months:
2019 Q1 - 2020 Q1
4.55% 4.55%
4
Last 2 Years:
2018 Q1 - 2020 Q1
10.09% 4.92%
6
Last 5 Years:
2015 Q1 - 2020 Q1
30.28% 5.43%
7
Last 10 Years:
2010 Q1 - 2020 Q1
36.85% 3.19%
6
Since 2000:
2000 Q1 - 2020 Q1
88.76% 3.23%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,222 / per month

Homeownership Rate

Homeownership
Owners 69.84
Renters 30.16
Vacant 10.44

Housing Details

Age of Homes

AGE OF Minnesota HOMES
2000 or Newer 18.2
1970 - 1999 41.3
1940 - 1969 24.1
1939 or Older 16.4

Types of Homes

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

Home Size

SIZE OF Minnesota HOMES
No Bedroom 2.20
1 Bedroom 11.44
2 Bedrooms 25.59
3 Bedrooms 33.50
4 Bedrooms 20.74
5 or more bedrooms 6.53