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 3,775, 1,509 total housing units (homes and apartments), and a median house value of $223,736, house prices in Mora are solidly below the national average.
Single-family detached homes are the single most common housing type in Mora, accounting for 53.85% of the city's housing units. Other types of housing that are prevalent in Mora include large apartment complexes or high rise apartments ( 22.65%), mobile homes or trailers ( 10.30%), and a few row houses and other attached homes ( 9.45%).
People in Mora primarily live in small (one, two or no bedroom) single-family detached homes. Mora has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mora 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 Mora built between 2000 and later ( 23.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.17%). There's also some housing in Mora built before 1939 ( 18.29%).
Appreciation rates for homes in Mora have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.30%, which ranks in the top 40% nationwide. This equates to an annual average Mora house appreciation rate of 7.19%.
NeighborhoodScout's data show that during the latest twelve months, Mora's appreciation rate, at 5.65%, has been at or slightly above the national average. In the latest quarter, Mora's appreciation rate has been 4.64%, which annualizes to a rate of 19.89%.
Importantly, this makes Mora 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 Mora's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.
$223,736
for Minnesota
for nation
1,509
$1,396 / per month