Minnesota
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Minnesota Real Estate Market & Appreciation

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$256,672

Number Of Homes And Apartments:
2,185,603

Minnesota Home Prices

> $1,173,425
1.0%
1.0%
$879,988 - $1,173,425
1.3%
1.3%
$586,573 - $879,987
4.8%
4.8%
$469,259 - $586,572
6.4%
6.4%
$352,001 - $469,258
13.9%
13.9%
$234,765 - $352,000
28.1%
28.1%
$117,320 - $234,764
32.0%
32.0%
$58,661 - $117,319
8.0%
8.0%
$0 - $58,660
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Minnesota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
1.70% 6.96%
3
Last 12 Months:
2019 Q4 - 2020 Q4
5.70% 5.70%
5
Last 2 Years:
2018 Q4 - 2020 Q4
10.80% 5.26%
5
Last 5 Years:
2015 Q4 - 2020 Q4
29.58% 5.32%
6
Last 10 Years:
2010 Q4 - 2020 Q4
41.70% 3.55%
6
Since 2000:
2000 Q1 - 2020 Q4
95.56% 3.29%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,315 / per month

Homeownership Rate

Owners
69.9%
69.9%
Renters
30.1%
30.1%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
18.8%
18.8%
1970 - 1999
41.2%
41.2%
1940 - 1969
23.8%
23.8%
1939 or Older
16.2%
16.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.0%
67.0%
Townhomes
7.3%
7.3%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
18.1%
18.1%
Mobile Homes
3.3%
3.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
11.3%
11.3%
2 Bedrooms
25.4%
25.4%
3 Bedrooms
33.3%
33.3%
4 Bedrooms
21.0%
21.0%
5 or more bedrooms
6.6%
6.6%
0.0% 100.0%
% OF HOMES