Victoria, 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

Victoria, MN Housing Market Trends

With a population of 10,206, 3,145 total housing units (homes and apartments), and a median house value of $498,144, Victoria house prices are not only among the most expensive in Minnesota, Victoria real estate also is some of the most expensive in all of America.

Victoria is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Victoria than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Victoria. Owner-occupied housing accounts for 92.04% of Victoria's homes, and 67.74% have either three or four bedrooms, which is average sized relative to America.

Victoria homes and real estate are some of the newest in America. 56.14% of Victoria's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Victoria real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.20%), and between 1940-1969 ( 7.60%). There's also some housing in Victoria built before 1939 ( 4.06%).

Victoria Home Appreciation Rates

Real estate appreciation rates in Victoria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.46% during the period.

Over the last year, Victoria appreciation rates have trailed the rest of the nation. In the last twelve months, Victoria's appreciation rate has been 6.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Victoria were at 2.33%, which equates to an annual appreciation rate of 9.67%.

Relative to Minnesota, our data show that Victoria's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$498,144

Victoria, MN HOME PRICES

> $1,182,000
2.4%
2.4%
$886,001 - $1,182,000
5.7%
5.7%
$591,001 - $886,000
22.0%
22.0%
$473,001 - $591,000
23.6%
23.6%
$354,001 - $473,000
23.5%
23.5%
$236,001 - $354,000
17.4%
17.4%
$118,001 - $236,000
4.9%
4.9%
$59,001 - $118,000
0.3%
0.3%
$0 - $59,000
0.3%
0.3%
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:
3,145

Victoria 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
57.88% 2.15%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,295 / per month

Homeownership Rate

Owners
92.0%
92.0%
Renters
8.0%
8.0%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
56.1%
56.1%
1970 - 1999
32.2%
32.2%
1940 - 1969
7.6%
7.6%
1939 or Older
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.9%
80.9%
Townhomes
12.7%
12.7%
Small Apt. Buildings
3.4%
3.4%
Apt. Complexes
3.1%
3.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
0.6%
0.6%
2 Bedrooms
8.7%
8.7%
3 Bedrooms
32.1%
32.1%
4 Bedrooms
35.7%
35.7%
5 or more bedrooms
22.5%
22.5%
0.0% 100.0%
% OF HOMES