Savage, MN


Highest Appreciating Savage Neighborhoods Since 2000

Savage, 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

Savage Housing Market Information

With a population of 30,391, 9,625 total housing units (homes and apartments), and a median house value of $310,815, Savage real estate is some of the most expensive in Minnesota, although Savage home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Savage, accounting for 73.68% of the city's housing units. Other types of housing that are prevalent in Savage include row houses and other attached homes ( 20.32%), large apartment complexes or high rise apartments ( 4.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Savage. Owner-occupied housing accounts for 87.13% of Savage's homes, and 68.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Savage 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 Savage built between 2000 and later ( 27.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.66%). There's also some housing in Savage built before 1939 ( 2.04%).

Savage Home Appreciation Rates

Savage's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Savage during the period has been just -0.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Savage's appreciation rate, at 4.36%, has been at or slightly above the national average. In the latest quarter, Savage's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Savage differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Savage - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Savage real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,167,000 0.6
$874,001 - $1,167,000 0.2
$583,001 - $874,000 3.1
$467,001 - $583,000 6.1
$350,001 - $467,000 20.0
$233,001 - $350,000 44.9
$116,001 - $233,000 21.2
$58,001 - $116,000 2.1
$0 - $58,000 1.9

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
15.3638814016173 9.44558521560575

Number Of Homes And Apartments:

Savage Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
30.60% 1.56% 4 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,715 / per month

Homeownership Rate

Owners 87.13
Renters 12.87
Vacant 1.94

Housing Market Details


Age of Homes

2000 or Newer 27.9
1970 - 1999 64.4
1940 - 1969 5.7
1939 or Older 2.0

Types of Homes

Single-Family 73.7
Townhomes 20.3
Small Apt. Buildings 1.1
Apt. Complexes 4.6
Mobile Homes 0.3
Other 0.0

Home Size

No Bedroom 0.62
1 Bedroom 2.66
2 Bedrooms 16.17
3 Bedrooms 33.62
4 Bedrooms 35.11
5 or more bedrooms 11.82