Windom, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Windom, 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

Windom Housing Market Information

With 4,550 people, 1,960 houses or apartments, and a median cost of homes of $90,654, house prices in Windom are some of the most affordable in Minnesota as well as the nation.

Single-family detached homes are the single most common housing type in Windom, accounting for 76.48% of the city's housing units. Other types of housing that are prevalent in Windom include large apartment complexes or high rise apartments ( 9.91%), duplexes, homes converted to apartments or other small apartment buildings ( 9.50%), and a few row houses and other attached homes ( 3.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Windom. Owner-occupied housing accounts for 71.22% of Windom's homes, and 52.39% 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. Windom's housing was primarily built during this period, from the '40s through the '60s. A full 41.05% of the city's housing hails from this era. Other housing ages represented in Windom include homes built between 1970-1999 ( 39.40%) and housing constructed before 1939 ( 17.45%). There's also some housing in Windom built between 2000 and later ( 2.10%).

Vacant housing appears to be an issue in Windom. Fully 12.54% of the housing stock is classified as vacant. Left unchecked, vacant Windom homes and apartments can be a drag on the real estate market, holding Windom 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.

Windom Home Appreciation Rates

Appreciation rates for homes in Windom have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.27%, which ranks in the top 30% nationwide. This equates to an annual average Windom house appreciation rate of 0.89%.

Over the last year, Windom appreciation rates have trailed the rest of the nation. In the last twelve months, Windom's appreciation rate has been 0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Windom were at -0.47%, which equates to an annual appreciation rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$90,654

Windom, MN HOME PRICES

Value Range
> $1,099,000 0.4
$824,001 - $1,099,000 0.1
$550,001 - $824,000 0.6
$440,001 - $550,000 0.4
$330,001 - $440,000 2.6
$220,001 - $330,000 7.8
$110,001 - $220,000 36.1
$55,001 - $110,000 40.4
$0 - $55,000 11.6

Very Low for MN
Very Low for Nation

Value Relative to Nation Value Relative to State
83.5579514824798 94.8665297741273

Number Of Homes And Apartments:
1,960

Windom 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
47.41% 2.27% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 71.22
Renters 28.78
Vacant 12.54

Housing Market Details

 

Age of Homes

AGE OF Windom HOMES
2000 or Newer 2.1
1970 - 1999 39.4
1940 - 1969 41.1
1939 or Older 17.4

Types of Homes

TYPE OF Windom HOMES
Single-Family 76.5
Townhomes 3.7
Small Apt. Buildings 9.5
Apt. Complexes 9.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Windom HOMES
No Bedroom 1.43
1 Bedroom 11.74
2 Bedrooms 31.99
3 Bedrooms 33.65
4 Bedrooms 18.74
5 or more bedrooms 2.45

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Zip Codes in Windom, MN