Waconia, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Waconia Neighborhoods Since 2000




Waconia, 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

Waconia Housing Market Information

With 11,968 people, 4,194 houses or apartments, and a median cost of homes of $293,167, Waconia real estate is some of the most expensive in Minnesota, although Waconia home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Waconia, accounting for 65.56% of the city's housing units. Other types of housing that are prevalent in Waconia include large apartment complexes or high rise apartments ( 16.19%), row houses and other attached homes ( 16.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waconia. Owner-occupied housing accounts for 78.48% of Waconia's homes, and 53.79% have either three or four bedrooms, which is average sized relative to America.

Waconia homes and real estate are some of the newest in America. 44.44% of Waconia'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 Waconia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.99%), and between 1940-1969 ( 11.16%). There's also some housing in Waconia built before 1939 ( 6.41%).

Waconia Home Appreciation Rates

Waconia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waconia 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, Waconia's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Waconia's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Waconia's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$293,167

Waconia, MN HOME PRICES

Value Range
> $1,181,000 0.7
$886,001 - $1,181,000 1.2
$590,001 - $886,000 4.4
$472,001 - $590,000 8.0
$354,001 - $472,000 16.6
$236,001 - $354,000 35.8
$118,001 - $236,000 27.6
$59,001 - $118,000 4.7
$0 - $59,000 1.0

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
16.9049572248916 11.4989733059548

Number Of Homes And Apartments:
4,194

Waconia 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
31.43% 1.60% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,133 / per month

Homeownership Rate

Homeownership
Owners 78.48
Renters 21.52
Vacant 5.05

Housing Market Details

 

Age of Homes

AGE OF Waconia HOMES
2000 or Newer 44.4
1970 - 1999 38.0
1940 - 1969 11.2
1939 or Older 6.4

Types of Homes

TYPE OF Waconia HOMES
Single-Family 65.6
Townhomes 16.1
Small Apt. Buildings 1.9
Apt. Complexes 16.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Waconia HOMES
No Bedroom 2.65
1 Bedroom 9.19
2 Bedrooms 23.98
3 Bedrooms 24.27
4 Bedrooms 29.52
5 or more bedrooms 10.39