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 about Scout's Real Estate Data
With 55,416 people, 21,311 houses or apartments, and a median cost of homes of $396,242, Apple Valley real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Apple Valley, accounting for 52.64% of the city's housing units. Other types of housing that are prevalent in Apple Valley include row houses and other attached homes ( 26.25%), large apartment complexes or high rise apartments ( 17.35%), and a few mobile homes or trailers ( 2.24%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Apple Valley. Owner-occupied housing accounts for 75.00% of Apple Valley's homes, and 55.43% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Apple Valley 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 Apple Valley built between 2000 and later ( 23.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.90%).
Apple Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Apple Valley during the period has been just 5.21%, which is lower than 80% of US communities.
Over the last year, Apple Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Apple Valley's appreciation rate has been 0.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Apple Valley were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Apple Valley's latest annual appreciation rate is lower than 90% 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 Apple Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Apple Valley - 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 Apple Valley real estate investment or home purchase decisions.
$396,242
for Minnesota
for nation
21,311
$2,419 / per month