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 a population of 8,971, 3,638 total housing units (homes and apartments), and a median house value of $316,528, Baxter real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Baxter, accounting for 63.67% of the city's housing units. Other types of housing that are prevalent in Baxter include large apartment complexes or high rise apartments ( 24.84%), row houses and other attached homes ( 4.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).
The most prevalent building size and type in Baxter are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.09% owning and 35.91% renting.
Baxter homes and real estate are some of the newest in America. 47.39% of Baxter's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Baxter real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.52%), and between 1940-1969 ( 6.59%). There's also some housing in Baxter built before 1939 ( 1.50%).
Baxter's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Baxter during the period has been just 5.70%, which is lower than 70% of US communities.
Over the last year, Baxter appreciation rates have trailed the rest of the nation. In the last twelve months, Baxter's appreciation rate has been 4.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Baxter were at 4.64%, which equates to an annual appreciation rate of 19.89%.
Importantly, this makes Baxter one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that Baxter's latest annual appreciation rate is higher than 70% of the other cities and towns in Minnesota.
$316,528
for Minnesota
for nation
3,638
$1,489 / per month