Two Harbors, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Two Harbors Neighborhoods Since 2000




Two Harbors, 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

Two Harbors Housing Market Information

With a population of 3,578, 1,697 total housing units (homes and apartments), and a median house value of $136,801, house prices in Two Harbors are solidly below the national average.

Single-family detached homes are the single most common housing type in Two Harbors, accounting for 73.40% of the city's housing units. Other types of housing that are prevalent in Two Harbors include large apartment complexes or high rise apartments ( 12.20%), duplexes, homes converted to apartments or other small apartment buildings ( 10.37%), and a few row houses and other attached homes ( 4.03%).

People in Two Harbors primarily live in small (one, two or no bedroom) single-family detached homes. Two Harbors has a mixture of owner-occupied and renter-occupied housing.

The housing in Two Harbors was primarily built before 1939 ( 47.17%), making the housing stock in Two Harbors some of the oldest overall in America, although there is a range of ages of homes in Two Harbors. The next most important housing age is between 1940-1969 ( 32.15%), followed by between 1970-1999 ( 13.25%). There's also some housing in Two Harbors built between 2000 and later ( 7.43%).

Vacant housing appears to be an issue in Two Harbors. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Two Harbors homes and apartments can be a drag on the real estate market, holding Two Harbors 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.

Two Harbors Home Appreciation Rates

Two Harbors's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Two Harbors during the period has been just -1.23%, which is lower than 70% of US communities.

Over the last year, Two Harbors appreciation rates have trailed the rest of the nation. In the last twelve months, Two Harbors's appreciation rate has been 0.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Two Harbors were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that Two Harbors's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$136,801

Two Harbors, MN HOME PRICES

Value Range
> $1,024,000 0.3
$767,001 - $1,024,000 0.0
$512,001 - $767,000 1.0
$409,001 - $512,000 2.0
$307,001 - $409,000 6.6
$205,001 - $307,000 5.8
$102,001 - $205,000 56.4
$51,001 - $102,000 25.3
$0 - $51,000 2.6

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
56.3225125981484 74.7433264887064

Number Of Homes And Apartments:
1,697

Two Harbors 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
36.91% 1.84% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 57.76
Renters 42.24
Vacant 11.15

Housing Market Details

 

Age of Homes

AGE OF Two Harbors HOMES
2000 or Newer 7.4
1970 - 1999 13.2
1940 - 1969 32.1
1939 or Older 47.2

Types of Homes

TYPE OF Two Harbors HOMES
Single-Family 73.4
Townhomes 4.0
Small Apt. Buildings 10.4
Apt. Complexes 12.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Two Harbors HOMES
No Bedroom 1.88
1 Bedroom 10.89
2 Bedrooms 36.18
3 Bedrooms 36.75
4 Bedrooms 11.68
5 or more bedrooms 2.62

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Zip Codes in Two Harbors, MN