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 Q2 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:
$224,445

Number Of Homes And Apartments:
2,124,745

Minnesota Home Prices

Value Range
> $1,205,000 0.9
$904,001 - $1,205,000 0.9
$603,001 - $904,000 3.5
$482,001 - $603,000 4.3
$362,001 - $482,000 10.1
$241,001 - $362,000 23.7
$120,001 - $241,000 39.6
$60,001 - $120,000 11.0
$0 - $60,000 6.0

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
3.63% 15.33% 10
Last 12 Months:
2016 Q2 - 2017 Q2
7.09% 7.09% 8
Last 2 Years:
2015 Q2 - 2017 Q2
12.71% 6.17% 7
Last 5 Years:
2012 Q2 - 2017 Q2
29.88% 5.37% 7
Last 10 Years:
2007 Q2 - 2017 Q2
2.80% 0.28% 4
Since 2000:
2000 Q1 - 2017 Q2
67.66% 3.04% 5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,146 / 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