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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 13,384 people, 4,831 houses or apartments, and a median cost of homes of $486,512, Waconia real estate is some of the most expensive in Minnesota, although Waconia home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Waconia, accounting for 71.20% of the city's housing units. Other types of housing that are prevalent in Waconia include large apartment complexes or high rise apartments ( 12.73%), row houses and other attached homes ( 12.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waconia. Owner-occupied housing accounts for 77.60% of Waconia's homes, and 60.62% have either three or four bedrooms, which is average sized relative to America.
Waconia homes and real estate are some of the newest in America. 46.45% of Waconia'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 Waconia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.80%), and between 1940-1969 ( 13.56%). There's also some housing in Waconia built before 1939 ( 5.19%).
Real estate appreciation rates in Waconia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.50% during the period.
Over the last year, Waconia appreciation rates have trailed the rest of the nation. In the last twelve months, Waconia's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waconia were at -2.13%, which equates to an annual appreciation rate of -8.26%.
Notably, Waconia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Waconia's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.
$486,512
for Minnesota
for nation
4,831
$2,278 / per month