Saturday, November 11, 2006

Housing Report for Anoka County, Minnesota

In Anoka County, the census reported 121,187 homes in the year 2005. This county has gone through a growth in housing units, adding in all 10,613 housing units since the year 2001, or 9.6 percent.

The residential home values in Anoka County, Minnesota have seen large increases from the real estate values reported in 2000. The valuations have increased by $88,500, or 67.4 percent, from when in 2000 they were valued at $131,300.

Throughout the State of Minnesota, Anoka County stands 18 of 87 by percent in growth of new residential structures. The county places 325 of 3,141, comparing the percentage change in residential in other US counties.

Anoka County had a median home value in the year 2005 of $219,800, reported by the American Community Survey. This is greater than the State of Minnesota 2005 median home value of $198,800 and greater than home value of $167,500 across the nation during that year.

Anoka County may be be described as having a medium percentage of high-priced residential real estate. In 2005, the American Community Survey counted that 3.3 percent of the houses are valued over a half a million dollars.

There seems to be a limited amount of housing that is affordable in Anoka County, Minnesota. In 2005, 7.4 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

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