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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Apple Valley, MN Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Apple Valley, MN Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$396,242

Apple Valley, MN Home Prices
> $1,212,000
$909,001 - $1,212,000
$606,001 - $909,000
$485,001 - $606,000
$364,001 - $485,000
$243,001 - $364,000
$121,001 - $243,000
$60,001 - $121,000
$0 - $60,000
0.3%
0.3%
0.7%
0.7%
11.9%
11.9%
17.1%
17.1%
27.0%
27.0%
30.4%
30.4%
8.6%
8.6%
0.8%
0.8%
3.1%
3.1%
0% 100.0%
% of Homes
High

for Minnesota

High

for nation

Number of Homes And Apartments:

21,311

Apple Valley Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,419 / per month

Homeownership Rate

Owners
Renters
75.0%
75.0%
25.0%
25.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.2%
2.2%
97.8%
97.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.7%
23.7%
64.4%
64.4%
10.9%
10.9%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.6%
52.6%
26.3%
26.3%
1.5%
1.5%
17.4%
17.4%
2.2%
2.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
5.8%
5.8%
27.1%
27.1%
28.4%
28.4%
27.0%
27.0%
10.1%
10.1%
0% 100.0%
% of Homes