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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.



Bigfork, 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

Bigfork, MN Housing Market Trends

With a population of 403, 145 total housing units (homes and apartments), and a median house value of $239,965, house prices in Bigfork are solidly below the national average.

Single-family detached homes are the single most common housing type in Bigfork, accounting for 45.05% of the city's housing units. Other types of housing that are prevalent in Bigfork include large apartment complexes or high rise apartments ( 34.07%), mobile homes or trailers ( 11.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.69%).

Bigfork is dominated by renter-occupied one, two, or no bedrooms apartments. 71.67% of Bigfork's dwellings are rentals.

There is a lot of housing in Bigfork 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 Bigfork built between 2000 and later ( 29.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.43%). There's also some housing in Bigfork built before 1939 ( 9.34%).

Vacant housing appears to be an issue in Bigfork. Fully 20.33% of the housing stock is classified as vacant. Left unchecked, vacant Bigfork homes and apartments can be a drag on the real estate market, holding Bigfork real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bigfork Home Appreciation Rates

Appreciation rates for homes in Bigfork have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.29%, which ranks in the top 50% nationwide. This equates to an annual average Bigfork house appreciation rate of 6.53%.

Over the last year, Bigfork appreciation rates have trailed the rest of the nation. In the last twelve months, Bigfork's appreciation rate has been 4.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bigfork were at 4.64%, which equates to an annual appreciation rate of 19.89%.

Importantly, this makes Bigfork 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 Bigfork's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$239,965

Bigfork, MN Home Prices
> $1,338,000
$1,003,001 - $1,338,000
$669,001 - $1,003,000
$535,001 - $669,000
$401,001 - $535,000
$268,001 - $401,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
3.7%
3.7%
0.0%
0.0%
9.9%
9.9%
2.6%
2.6%
9.5%
9.5%
18.3%
18.3%
36.6%
36.6%
12.8%
12.8%
6.6%
6.6%
0% 100.0%
% of Homes
Low

for Minnesota

Average

for nation

Number of Homes And Apartments:

145

Bigfork Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,666 / per month

Homeownership Rate

Owners
Renters
28.3%
28.3%
71.7%
71.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.3%
20.3%
79.7%
79.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.1%
29.1%
40.1%
40.1%
21.4%
21.4%
9.3%
9.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
45.1%
45.1%
1.6%
1.6%
7.7%
7.7%
34.1%
34.1%
11.5%
11.5%
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
1.1%
1.1%
25.3%
25.3%
41.2%
41.2%
14.8%
14.8%
15.9%
15.9%
1.6%
1.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Bigfork

Popular Communities Near Bigfork, MN

Zip Codes in Bigfork, MN