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 Q2 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:
$231,070

Number Of Homes And Apartments:
2,135,310

Minnesota Home Prices

Value Range
> $1,208,334 0.9
$906,382 - $1,208,334 1.0
$604,111 - $906,381 3.7
$483,299 - $604,110 4.6
$362,557 - $483,298 10.7
$241,619 - $362,556 24.2
$120,848 - $241,618 38.4
$60,460 - $120,847 10.6
$0 - $60,459 5.8

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.93% 12.25%
8
Last 12 Months:
2017 Q2 - 2018 Q2
6.07% 6.07%
6
Last 2 Years:
2016 Q2 - 2018 Q2
13.62% 6.59%
7
Last 5 Years:
2013 Q2 - 2018 Q2
30.68% 5.50%
7
Last 10 Years:
2008 Q2 - 2018 Q2
14.38% 1.35%
6
Since 2000:
2000 Q1 - 2018 Q2
77.16% 3.18%
5
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,173 / 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