New Brighton, 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

New Brighton, MN Housing Market Trends

With 22,753 people, 8,859 houses or apartments, and a median cost of homes of $332,408, New Brighton real estate is some of the most expensive in Minnesota, although New Brighton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in New Brighton, accounting for 53.99% of the city's housing units. Other types of housing that are prevalent in New Brighton include large apartment complexes or high rise apartments ( 31.33%), row houses and other attached homes ( 8.15%), and a few mobile homes or trailers ( 3.93%).

The most prevalent building size and type in New Brighton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.28% owning and 37.72% renting.

There is a lot of housing in New Brighton 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 New Brighton built between 1940-1969 ( 42.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.87%). There's also some housing in New Brighton built before 1939 ( 3.21%).

New Brighton Home Appreciation Rates

Appreciation rates for homes in New Brighton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 60.13%, which ranks in the top 30% nationwide. This equates to an annual average New Brighton house appreciation rate of 4.82%.

Over the last year, New Brighton appreciation rates have trailed the rest of the nation. In the last twelve months, New Brighton's appreciation rate has been 7.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Brighton were at 2.35%, which equates to an annual appreciation rate of 9.72%.

Relative to Minnesota, our data show that New Brighton's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Brighton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Brighton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Brighton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$332,408

New Brighton, MN HOME PRICES

> $1,254,000
0.3%
0.3%
$940,001 - $1,254,000
1.4%
1.4%
$627,001 - $940,000
3.0%
3.0%
$501,001 - $627,000
6.1%
6.1%
$376,001 - $501,000
18.9%
18.9%
$251,001 - $376,000
43.9%
43.9%
$126,001 - $251,000
19.6%
19.6%
$62,001 - $126,000
1.5%
1.5%
$0 - $62,000
5.4%
5.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MN

Value Relative To Nation

Number Of Homes And Apartments:
8,859

New Brighton 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
77.88% 2.72%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,529 / per month

Homeownership Rate

Owners
62.3%
62.3%
Renters
37.7%
37.7%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.9%
7.9%
1970 - 1999
46.0%
46.0%
1940 - 1969
42.9%
42.9%
1939 or Older
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.0%
54.0%
Townhomes
8.1%
8.1%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
31.3%
31.3%
Mobile Homes
3.9%
3.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
14.3%
14.3%
2 Bedrooms
27.2%
27.2%
3 Bedrooms
32.3%
32.3%
4 Bedrooms
18.7%
18.7%
5 or more bedrooms
5.7%
5.7%
0.0% 100.0%
% OF HOMES