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 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

Average Home Values

Median Home Value:
$266,368

Number Of Homes And Apartments:
2,185,603

Minnesota Home Prices

> $1,216,876
1.0%
1.0%
$912,658 - $1,216,876
1.3%
1.3%
$608,375 - $912,657
4.8%
4.8%
$486,759 - $608,374
6.4%
6.4%
$365,046 - $486,758
13.9%
13.9%
$243,309 - $365,045
28.1%
28.1%
$121,720 - $243,308
32.0%
32.0%
$60,889 - $121,719
8.0%
8.0%
$0 - $60,888
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:
2021 Q1 - 2021 Q2
5.34% 23.11%
6
Last 12 Months:
2020 Q2 - 2021 Q2
11.07% 11.07%
5
Last 2 Years:
2019 Q2 - 2021 Q2
14.98% 7.23%
4
Last 5 Years:
2016 Q2 - 2021 Q2
34.30% 6.08%
6
Last 10 Years:
2011 Q2 - 2021 Q2
61.19% 4.89%
7
Since 2000:
2000 Q1 - 2021 Q2
108.45% 3.52%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,407 / 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