Rosemount, 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

Rosemount, MN Housing Market Trends

With 25,207 people, 8,563 houses or apartments, and a median cost of homes of $383,973, Rosemount real estate is some of the most expensive in Minnesota, although Rosemount home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Rosemount, accounting for 67.43% of the city's housing units. Other types of housing that are prevalent in Rosemount include row houses and other attached homes ( 20.15%), large apartment complexes or high rise apartments ( 8.31%), and a few mobile homes or trailers ( 2.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rosemount. Owner-occupied housing accounts for 85.81% of Rosemount's homes, and 64.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rosemount 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 Rosemount built between 2000 and later ( 43.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.40%). There's also some housing in Rosemount built before 1939 ( 1.59%).

Rosemount Home Appreciation Rates

Appreciation rates for homes in Rosemount have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 62.38%, which ranks in the top 30% nationwide. This equates to an annual average Rosemount house appreciation rate of 4.97%.

Over the last year, Rosemount appreciation rates have trailed the rest of the nation. In the last twelve months, Rosemount's appreciation rate has been 7.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rosemount were at 2.34%, which equates to an annual appreciation rate of 9.69%.

Relative to Minnesota, our data show that Rosemount's latest annual appreciation rate is lower than 60% 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 Rosemount differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rosemount - 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 Rosemount real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$383,973

Rosemount, MN HOME PRICES

> $1,202,000
0.6%
0.6%
$902,001 - $1,202,000
0.6%
0.6%
$601,001 - $902,000
5.5%
5.5%
$481,001 - $601,000
11.4%
11.4%
$360,001 - $481,000
22.6%
22.6%
$240,001 - $360,000
39.4%
39.4%
$120,001 - $240,000
15.9%
15.9%
$60,001 - $120,000
1.2%
1.2%
$0 - $60,000
2.9%
2.9%
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:
8,563

Rosemount 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
69.11% 2.47%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,487 / per month

Homeownership Rate

Owners
85.8%
85.8%
Renters
14.2%
14.2%
Vacant
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
43.1%
43.1%
1970 - 1999
46.9%
46.9%
1940 - 1969
8.4%
8.4%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.4%
67.4%
Townhomes
20.2%
20.2%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
8.3%
8.3%
Mobile Homes
2.4%
2.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
2.7%
2.7%
2 Bedrooms
20.6%
20.6%
3 Bedrooms
34.5%
34.5%
4 Bedrooms
30.2%
30.2%
5 or more bedrooms
11.7%
11.7%
0.0% 100.0%
% OF HOMES