Victoria, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Victoria Neighborhoods Since 2000




Victoria, 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

Victoria Housing Market Information

With a population of 8,676, 2,685 total housing units (homes and apartments), and a median house value of $408,155, Victoria house prices are not only among the most expensive in Minnesota, Victoria real estate also is some of the most expensive in all of America.

Victoria is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Victoria than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Victoria. Owner-occupied housing accounts for 89.45% of Victoria's homes, and 71.59% have either three or four bedrooms, which is average sized relative to America.

Victoria homes and real estate are some of the newest in America. 47.22% of Victoria's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Victoria real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.92%), and between 1940-1969 ( 8.06%). There's also some housing in Victoria built before 1939 ( 3.80%).

Victoria Home Appreciation Rates

Victoria's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Victoria during the period has been just -1.01%, which is lower than 70% of US communities.

Over the last year, Victoria appreciation rates have trailed the rest of the nation. In the last twelve months, Victoria's appreciation rate has been 2.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Victoria were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Victoria's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$408,155

Victoria, MN HOME PRICES

Value Range
> $1,126,000 2.1
$845,001 - $1,126,000 3.8
$563,001 - $845,000 17.2
$450,001 - $563,000 19.7
$338,001 - $450,000 24.7
$225,001 - $338,000 23.7
$113,001 - $225,000 7.7
$57,001 - $113,000 0.0
$0 - $57,000 1.2

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
9.11754365404899 4.10677618069815

Number Of Homes And Apartments:
2,685

Victoria 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
31.12% 1.58% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,124 / per month

Homeownership Rate

Homeownership
Owners 89.45
Renters 10.55
Vacant 3.80

Housing Market Details

 

Age of Homes

AGE OF Victoria HOMES
2000 or Newer 47.2
1970 - 1999 40.9
1940 - 1969 8.1
1939 or Older 3.8

Types of Homes

TYPE OF Victoria HOMES
Single-Family 80.8
Townhomes 13.5
Small Apt. Buildings 0.0
Apt. Complexes 5.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Victoria HOMES
No Bedroom 1.50
1 Bedroom 1.25
2 Bedrooms 8.89
3 Bedrooms 34.54
4 Bedrooms 37.05
5 or more bedrooms 16.77