Sauk Rapids, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sauk Rapids, MN Real Estate 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

Sauk Rapids Housing Market Information

With a population of 13,424, 5,215 total housing units (homes and apartments), and a median house value of $173,300, Sauk Rapids real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sauk Rapids, accounting for 65.24% of the city's housing units. Other types of housing that are prevalent in Sauk Rapids include large apartment complexes or high rise apartments ( 26.73%), row houses and other attached homes ( 4.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.60%).

The most prevalent building size and type in Sauk Rapids are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.34% owning and 38.66% renting.

There is a lot of housing in Sauk Rapids built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sauk Rapids built between 2000 and later ( 20.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.33%). There's also some housing in Sauk Rapids built before 1939 ( 12.58%).

Sauk Rapids Home Appreciation Rates

Sauk Rapids's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sauk Rapids during the period has been just -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sauk Rapids's appreciation rate, at 4.42%, has been at or slightly above the national average. In the latest quarter, Sauk Rapids's appreciation rate has been 0.13%, which annualizes to a rate of 0.53%.

Relative to Minnesota, our data show that Sauk Rapids's latest annual appreciation rate is higher than 50% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$173,300

Sauk Rapids, MN HOME PRICES

Value Range
> $1,129,000 0.0
$847,001 - $1,129,000 0.0
$564,001 - $847,000 0.2
$452,001 - $564,000 0.2
$339,001 - $452,000 2.2
$226,001 - $339,000 14.1
$113,001 - $226,000 66.4
$57,001 - $113,000 11.7
$0 - $57,000 5.2

Average for MN
Average for Nation

Value Relative to Nation Value Relative to State
40.5015820930505 54.8254620123203

Number Of Homes And Apartments:
5,215

Sauk Rapids Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.64% 1.38% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$707 / per month

Homeownership Rate

Homeownership
Owners 61.34
Renters 38.66
Vacant 1.64

Housing Market Details

 

Age of Homes

AGE OF Sauk Rapids HOMES
2000 or Newer 20.7
1970 - 1999 49.4
1940 - 1969 17.3
1939 or Older 12.6

Types of Homes

TYPE OF Sauk Rapids HOMES
Single-Family 65.2
Townhomes 4.7
Small Apt. Buildings 2.6
Apt. Complexes 26.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Sauk Rapids HOMES
No Bedroom 0.51
1 Bedroom 11.18
2 Bedrooms 27.65
3 Bedrooms 32.95
4 Bedrooms 21.97
5 or more bedrooms 5.73

Popular Neighborhoods in Sauk Rapids

Zip Codes in Sauk Rapids, MN