Staples, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Staples Neighborhoods Since 2000




Staples, MN Real Estate Data


Staples Housing Market Information

With a population of 2,885, 1,129 total housing units (homes and apartments), and a median house value of $130,629, house prices in Staples are solidly below the national average.

Single-family detached homes are the single most common housing type in Staples, accounting for 68.74% of the city's housing units. Other types of housing that are prevalent in Staples include duplexes, homes converted to apartments or other small apartment buildings ( 10.70%), large apartment complexes or high rise apartments ( 10.10%), and a few mobile homes or trailers ( 9.35%).

There is a lot of housing in Staples 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 Staples built between 1940-1969 ( 31.49%). A lesser amount of the housing stock also hails from before 1939 ( 26.93%). There's also some housing in Staples built between 2000 and later ( 3.96%).

Vacant housing appears to be an issue in Staples. Fully 15.56% of the housing stock is classified as vacant. Left unchecked, vacant Staples homes and apartments can be a drag on the real estate market, holding Staples real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Staples Home Appreciation Rates

Appreciation rates for homes in Staples have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.83%, which ranks in the top 40% nationwide. This equates to an annual average Staples house appreciation rate of 0.76%.

Over the last year, Staples appreciation rates have trailed the rest of the nation. In the last twelve months, Staples's appreciation rate has been 4.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Staples were at 1.73%, which equates to an annual appreciation rate of 7.09%.

Relative to Minnesota, our data show that Staples's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$130,629

Staples, MN HOME PRICES

Value Range
> $1,134,000 0.4
$850,001 - $1,134,000 0.0
$567,001 - $850,000 0.2
$454,001 - $567,000 1.0
$340,001 - $454,000 3.5
$227,001 - $340,000 13.8
$113,001 - $227,000 33.0
$57,001 - $113,000 31.9
$0 - $57,000 16.1

Low for MN
Low for Nation

Value Relative to Nation Value Relative to State
60.443871874451 78.8501026694045

Number Of Homes And Apartments:
1,129

Rent & Ownership

 

Average Market Rent:
$820 / per month

Homeownership Rate

Homeownership
Owners 55.63
Renters 44.37
Vacant 15.56

Housing Market Details

 

Age of Homes

AGE OF Staples HOMES
2000 or Newer 4.0
1970 - 1999 37.6
1940 - 1969 31.5
1939 or Older 26.9

Types of Homes

TYPE OF Staples HOMES
Single-Family 68.7
Townhomes 1.1
Small Apt. Buildings 10.7
Apt. Complexes 10.1
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Staples HOMES
No Bedroom 1.94
1 Bedroom 13.39
2 Bedrooms 31.79
3 Bedrooms 32.83
4 Bedrooms 14.29
5 or more bedrooms 5.76

Staples Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
67.57% 3.08% 9 8
* 10 is highest

Popular Neighborhoods in Staples

Popular Communities Near Staples, MN

Zip Codes in Staples, MN