Mendota Heights, 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 2021. 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

Mendota Heights, MN Housing Market Trends

With a population of 11,343, 4,764 total housing units (homes and apartments), and a median house value of $478,997, Mendota Heights house prices are not only among the most expensive in Minnesota, Mendota Heights real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Mendota Heights, accounting for 71.28% of the city's housing units. Other types of housing that are prevalent in Mendota Heights include large apartment complexes or high rise apartments ( 14.46%), row houses and other attached homes ( 12.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mendota Heights. Owner-occupied housing accounts for 88.72% of Mendota Heights's homes, and 61.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mendota Heights 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 Mendota Heights built between 1940-1969 ( 28.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.22%). There's also some housing in Mendota Heights built before 1939 ( 3.94%).

Mendota Heights Home Appreciation Rates

Appreciation rates for homes in Mendota Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 56.69%, which ranks in the top 30% nationwide. This equates to an annual average Mendota Heights house appreciation rate of 4.59%.

Over the last year, Mendota Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Mendota Heights's appreciation rate has been 7.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mendota Heights were at 2.35%, which equates to an annual appreciation rate of 9.72%.

Relative to Minnesota, our data show that Mendota Heights's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$478,997

Mendota Heights, MN HOME PRICES

> $1,245,000
3.3%
3.3%
$934,001 - $1,245,000
4.3%
4.3%
$623,001 - $934,000
21.3%
21.3%
$498,001 - $623,000
18.5%
18.5%
$374,001 - $498,000
22.5%
22.5%
$249,001 - $374,000
22.5%
22.5%
$125,001 - $249,000
6.9%
6.9%
$62,001 - $125,000
0.1%
0.1%
$0 - $62,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MN

Value Relative To Nation

Number Of Homes And Apartments:
4,764

Mendota Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
79.48% 2.76%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,527 / per month

Homeownership Rate

Owners
88.7%
88.7%
Renters
11.3%
11.3%
Vacant
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.2%
9.2%
1970 - 1999
58.8%
58.8%
1940 - 1969
28.0%
28.0%
1939 or Older
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.3%
71.3%
Townhomes
12.1%
12.1%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
14.5%
14.5%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
4.4%
4.4%
2 Bedrooms
21.5%
21.5%
3 Bedrooms
29.3%
29.3%
4 Bedrooms
32.2%
32.2%
5 or more bedrooms
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Mendota Heights

Zip Codes in Mendota Heights, MN