Welcome to our 55124 real estate data hub, tailored for investors in Apple Valley, MN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 55124 in Apple Valley, MN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in DAKOTA COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Apple Valley, MN real estate investing. Uncover the wealth of information available, and position yourself for success in the Apple Valley property market.
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Location Overview
- Zip Code: 55124
- City: Apple Valley
- State: MN
- Metro Area: Minneapolis-St. Paul-Bloomington, MN-WI
- County Name: DAKOTA COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $361,687
- Average Home Price (Single Family Homes): $368,254
- Average Monthly Rental Price (All Types): $1,912
- Price-to-Rent Ratio: 16
- Zillow Projected % appreciation from 4/2023-4/2024: -0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,680
- Average 3 Bedroom Section 8 Rental Rates: $2,280
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.94
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.22
- Number of Units Offered in Section 8 in the County: 1225
- Number of Occupied Units in Section 8 in the County: 1146
- Percentage of Section 8 Units Occupied in the County: 93.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 208.44
- Total % Appreciation since 2000 (Government Data): 98.4
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.52%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.89%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 19.87%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.07%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 75.93%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.44%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.79%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.82%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.4%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 16.8%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.48%