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 9,094 people, 3,954 houses or apartments, and a median cost of homes of $229,172, house prices in Little Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Little Falls, accounting for 71.96% of the city's housing units. Other types of housing that are prevalent in Little Falls include large apartment complexes or high rise apartments ( 14.71%), row houses and other attached homes ( 6.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.89%).
The most prevalent building size and type in Little Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.17% owning and 38.83% renting.
There is a lot of housing in Little Falls 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 Little Falls built between 1940-1969 ( 30.58%). A lesser amount of the housing stock also hails from before 1939 ( 23.69%). There's also some housing in Little Falls built between 2000 and later ( 12.85%).
Real estate appreciation rates in Little Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.15% during the period.
Over the last year, Little Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Little Falls's appreciation rate has been 3.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Little Falls were at 4.64%, which equates to an annual appreciation rate of 19.89%.
Importantly, this makes Little Falls 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 Little Falls's latest annual appreciation rate is higher than 50% of the other cities and towns in Minnesota.
$229,172
for Minnesota
for nation
3,954
$1,270 / per month