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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 25,205 people, 10,238 houses or apartments, and a median cost of homes of $226,951, White Bear Lake real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in White Bear Lake, accounting for 60.12% of the city's housing units. Other types of housing that are prevalent in White Bear Lake include large apartment complexes or high rise apartments ( 25.11%), row houses and other attached homes ( 12.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in White Bear Lake. Owner-occupied housing accounts for 68.08% of White Bear Lake's homes, and 53.12% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. White Bear Lake's housing was primarily built during this period, from the '40s through the '60s. A full 44.76% of the city's housing hails from this era. Other housing ages represented in White Bear Lake include homes built between 1970-1999 ( 39.87%) and housing constructed before 1939 ( 8.43%). There's also some housing in White Bear Lake built between 2000 and later ( 6.94%).
White Bear Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in White Bear Lake during the period has been just -0.97%, which is lower than 70% of US communities.
Appreciation rates are so strong in White Bear Lake that despite a nationwide downturn in the housing market, White Bear Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, White Bear Lake appreciation rates continue to be some of the highest in America, at 6.46%, which is higher than appreciation rates in 77.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in White Bear Lake. White Bear Lake appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.
Relative to Minnesota, our data show that White Bear Lake's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within White Bear Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in White Bear Lake - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best White Bear Lake real estate investment or home purchase decisions.
|$886,001 - $1,181,000||0.4|
|$591,001 - $886,000||1.9|
|$473,001 - $591,000||3.0|
|$354,001 - $473,000||6.9|
|$236,001 - $354,000||29.7|
|$118,001 - $236,000||53.4|
|$59,001 - $118,000||2.5|
|$0 - $59,000||2.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF White Bear Lake HOMES|
|2000 or Newer||6.9|
|1970 - 1999||39.9|
|1940 - 1969||44.8|
|1939 or Older||8.4|
|TYPE OF White Bear Lake HOMES|
|Small Apt. Buildings||2.5|
|SIZE OF White Bear Lake HOMES|
|5 or more bedrooms||3.92|