Warroad, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Warroad, 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

Warroad Housing Market Information

With a population of 1,799, 817 total housing units (homes and apartments), and a median house value of $126,354, house prices in Warroad are solidly below the national average.

Single-family detached homes are the single most common housing type in Warroad, accounting for 51.67% of the city's housing units. Other types of housing that are prevalent in Warroad include large apartment complexes or high rise apartments ( 38.20%), mobile homes or trailers ( 6.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.99%).

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

There is a lot of housing in Warroad 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 Warroad built between 2000 and later ( 20.60%). A lesser amount of the housing stock also hails from before 1939 ( 18.41%). There's also some housing in Warroad built between 1940-1969 ( 15.19%).

Warroad Home Appreciation Rates

Appreciation rates for homes in Warroad have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.65%, which ranks in the top 50% nationwide. This equates to an annual average Warroad house appreciation rate of 0.36%.

NeighborhoodScout's data show that during the latest twelve months, Warroad's appreciation rate, at 4.23%, has been at or slightly above the national average. In the latest quarter, Warroad's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$126,354

Warroad, MN HOME PRICES

Value Range
> $1,092,000 2.5
$819,001 - $1,092,000 0.0
$546,001 - $819,000 1.2
$437,001 - $546,000 0.6
$327,001 - $437,000 1.7
$218,001 - $327,000 10.4
$109,001 - $218,000 43.5
$54,001 - $109,000 17.8
$0 - $54,000 22.3

Low for MN
Low for Nation

Value Relative to Nation Value Relative to State
61.771944216571 79.4661190965092

Number Of Homes And Apartments:
817

Warroad 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
35.37% 1.77% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$768 / per month

Homeownership Rate

Homeownership
Owners 46.60
Renters 53.40
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Warroad HOMES
2000 or Newer 20.6
1970 - 1999 45.8
1940 - 1969 15.2
1939 or Older 18.4

Types of Homes

TYPE OF Warroad HOMES
Single-Family 51.7
Townhomes 0.3
Small Apt. Buildings 3.0
Apt. Complexes 38.2
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Warroad HOMES
No Bedroom 0.92
1 Bedroom 17.61
2 Bedrooms 34.87
3 Bedrooms 30.15
4 Bedrooms 13.69
5 or more bedrooms 2.76

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Zip Codes in Warroad, MN