Worthington, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Worthington, 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

Worthington Housing Market Information

With a population of 13,090, 4,362 total housing units (homes and apartments), and a median house value of $107,802, house prices in Worthington are solidly below the national average.

Single-family detached homes are the single most common housing type in Worthington, accounting for 67.21% of the city's housing units. Other types of housing that are prevalent in Worthington include large apartment complexes or high rise apartments ( 19.30%), duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), and a few row houses and other attached homes ( 5.57%).

The most prevalent building size and type in Worthington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.15% owning and 39.85% renting.

There is a lot of housing in Worthington 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 Worthington built between 1940-1969 ( 36.57%). A lesser amount of the housing stock also hails from before 1939 ( 17.10%). There's also some housing in Worthington built between 2000 and later ( 9.72%).

Worthington Home Appreciation Rates

Appreciation rates for homes in Worthington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.37%, which ranks in the top 30% nationwide. This equates to an annual average Worthington house appreciation rate of 1.26%.

NeighborhoodScout's data show that during the latest twelve months, Worthington's appreciation rate, at 4.31%, has been at or slightly above the national average. In the latest quarter, Worthington's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$107,802

Worthington, MN HOME PRICES

Value Range
> $1,097,000 0.2
$823,001 - $1,097,000 0.1
$548,001 - $823,000 0.1
$439,001 - $548,000 2.3
$329,001 - $439,000 3.8
$220,001 - $329,000 7.6
$110,001 - $220,000 39.6
$55,001 - $110,000 35.4
$0 - $55,000 11.1

Very Low for MN
Low for Nation

Value Relative to Nation Value Relative to State
72.6708074534162 88.5010266940452

Number Of Homes And Apartments:
4,362

Worthington 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
52.82% 2.49% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 60.15
Renters 39.85
Vacant 8.01

Housing Market Details

 

Age of Homes

AGE OF Worthington HOMES
2000 or Newer 9.7
1970 - 1999 36.6
1940 - 1969 36.6
1939 or Older 17.1

Types of Homes

TYPE OF Worthington HOMES
Single-Family 67.2
Townhomes 5.6
Small Apt. Buildings 6.8
Apt. Complexes 19.3
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Worthington HOMES
No Bedroom 2.80
1 Bedroom 14.91
2 Bedrooms 30.41
3 Bedrooms 31.91
4 Bedrooms 16.41
5 or more bedrooms 3.56

Popular Neighborhoods in Worthington

Popular Communities Near Worthington, MN

Zip Codes in Worthington, MN