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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.



Baxter, 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

Baxter, MN Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$316,528

Baxter, MN Home Prices
> $1,254,000
$941,001 - $1,254,000
$627,001 - $941,000
$501,001 - $627,000
$376,001 - $501,000
$251,001 - $376,000
$125,001 - $251,000
$62,001 - $125,000
$0 - $62,000
0.2%
0.2%
0.7%
0.7%
0.9%
0.9%
9.0%
9.0%
16.4%
16.4%
41.7%
41.7%
26.0%
26.0%
0.8%
0.8%
4.2%
4.2%
0% 100.0%
% of Homes
Average

for Minnesota

Average

for nation

Number of Homes And Apartments:

3,638

Baxter Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,489 / per month

Homeownership Rate

Owners
Renters
64.1%
64.1%
35.9%
35.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.2%
4.2%
95.8%
95.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
47.4%
47.4%
44.5%
44.5%
6.6%
6.6%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.7%
63.7%
4.9%
4.9%
4.6%
4.6%
24.8%
24.8%
2.1%
2.1%
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
0.7%
0.7%
13.9%
13.9%
23.3%
23.3%
26.6%
26.6%
27.8%
27.8%
7.8%
7.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Baxter

Zip Codes in Baxter, MN