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Minnesota Housing

 
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As of 2010-2014, median price of a house in Minnesota is $185,200, which is higher than the national average of $175,700. The Minnesota median house value has grown by 51.31% since 2000. The growth rate for the price of a house in Minnesota is higher than the national average rate of 46.91%. The median year that a house in Minnesota was built is 1975, which is about the same as the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 1,525,201 Owner Occupied Houses in Minnesota, #21
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #29
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Minnesota%U.S.
Total Housing Units2,364,149, see rank100%132,741,033
Occupied Housing Units2,115,33789.48%, see rank87.55%
Owner Occupied1,525,20164.51%, see rank56.34%
Renter Occupied590,13624.96%, see rank31.21%
Vacant Housing Units248,81210.52%, see rank12.45%
For Rent28,9171.22%, see rank2.34%
For Sale Only22,5850.96%, see rank1.20%
Rented or Sold, Not Occupied16,1860.68%, see rank0.92%
For Seasonal, Recreational, or Occasional Use125,1235.29%, see rank3.97%
For Migrant Workers2840.01%, see rank0.03%
Other Vacant55,7172.36%, see rank4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #28
MinnesotaU.S.
19751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Minnesota%U.S.
Owner-Occupied Units1,525,201100%74,787,460
With a Mortgage1,048,96668.78%, see rank65.58%
Without a Mortgage476,23531.22%, see rank34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMinnesota%U.S.
$299 or Less1,8440.18%, see rank0.20%
$300 to $49913,6311.30%, see rank1.59%
$500 to $69942,8224.08%, see rank5.01%
$700 to $999131,07512.50%, see rank14.32%
$1,000 to $1,499319,20430.43%, see rank27.90%
$1,500 to $1,999265,97225.36%, see rank20.35%
$2,000 to $2,999202,64019.32%, see rank19.52%
$3,000 or More71,7786.84%, see rank11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Minnesota%U.S.
10% or Less64,3016.13%, see rank5.86%
10% to 20%367,50535.03%, see rank31.95%
20% to 30%314,75330.01%, see rank27.64%
30% to 40%135,10612.88%, see rank13.74%
40% or More164,41715.67%, see rank20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMinnesota%U.S.
$199 or Less21,1794.45%, see rank7.76%
$200 to $29952,20210.96%, see rank14.70%
$300 to $499190,43839.99%, see rank34.63%
$500 to $699130,37127.38%, see rank21.16%
$700 or More82,04517.23%, see rank21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Minnesota%U.S.
10% or Less207,50443.57%, see rank40.19%
10% to 20%148,95231.28%, see rank31.47%
20% to 30%55,16611.58%, see rank12.24%
30% to 40%24,0405.05%, see rank5.64%
40% or More36,6247.69%, see rank9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Minnesota%U.S.
Total Housing Units2,364,149100%132,741,033
1-unit, Detached1,589,77367.25%, see rank61.65%
1-unit, Attached176,1737.45%, see rank5.82%
2 Units55,2162.34%, see rank3.75%
3 or 4 Units49,1952.08%, see rank4.43%
5 to 9 Units52,8052.23%, see rank4.78%
10 or More Units357,84315.14%, see rank13.08%
Mobile Home, Boat, RV, Van, etc.83,1443.52%, see rank6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Minnesota%U.S.
Total Housing Units2,364,149100%132,741,033
1 Room36,4021.54%, see rank1.95%
2 Rooms66,9222.83%, see rank2.48%
3 Rooms217,5749.20%, see rank9.13%
4 Rooms332,23714.05%, see rank16.60%
5 Rooms366,99915.52%, see rank20.41%
6 Rooms354,11114.98%, see rank18.06%
7 Rooms304,05312.86%, see rank12.27%
8 Rooms260,18011.01%, see rank8.48%
9 Rooms or More425,67118.01%, see rank10.60%
Median Rooms6.00, see rank-5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Minnesota%U.S.
Total Housing Units2,364,149100%132,741,033
No Bedroom41,5581.76%, see rank2.17%
1 Bedroom276,79811.71%, see rank11.16%
2 Bedrooms629,80226.64%, see rank26.69%
3 Bedrooms807,41634.15%, see rank39.70%
4 Bedrooms468,22019.81%, see rank16.05%
5 or More Bedrooms140,3555.94%, see rank4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Minnesota%U.S.
Total Housing Units2,115,337100%116,211,092
Utility Gas1,412,62366.78%, see rank48.85%
Bottled, Tank, or LP Gas212,69710.05%, see rank4.86%
Electricity341,15816.13%, see rank36.68%
Fuel Oil, Kerosene, etc.55,3302.62%, see rank5.86%
Coal or Coke5740.03%, see rank0.12%
Wood54,0202.55%, see rank2.12%
Solar Energy3560.02%, see rank0.05%
Other Fuel24,7871.17%, see rank0.47%
No Fuel Used13,7920.65%, see rank1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMinnesota%U.S.
Occupied Units Paying Rent562,198100%39,201,928
$199 or Less13,8252.46%, see rank1.50%
$200 to $29926,1744.66%, see rank3.18%
$300 to $49952,4049.32%, see rank7.37%
$500 to $69995,89017.06%, see rank16.01%
$700 to $999187,22633.30%, see rank29.17%
$1,000 to $1,499132,05123.49%, see rank26.88%
$1,500 to $1,99939,4797.02%, see rank9.79%
$2,000 or More15,1492.69%, see rank6.10%
Median$835, see rank-$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Minnesota%U.S.
Occupied Housing Units2,115,337100%116,211,092
No Vehicles Available153,3667.25%, see rank9.12%
1 Vehicles Available636,83830.11%, see rank33.80%
2 Vehicles Available860,36140.67%, see rank37.48%
3 or More Vehicles Available464,77221.97%, see rank19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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