Saturday, November 11, 2006

Housing Report for Carver County, Minnesota

In Carver County, the census reported 31,686 housing structures in 2005. The area has seen growth in housing units, adding a sum of 5,131 residential structures since 2001, a change of 19.3 percent.

The residential real estate values in Carver County, Minnesota have seen large increases from the real estate values reported in 2000. The valuations have increased by $101,900, or 59.9 percent, from when in 2000 they were valued at $170,200.

When compared to other counties in Minnesota, Carver County ranks 5 of 87 in terms of percentage growth in new housing structures. The county ranks 54 of 3,141, in terms of residential real estate percentage change change in the United States.

Carver County recorded median owner-occupied home value in the year 2005 of $272,100, published by the American Community Survey. This is greater than the overall Minnesota 2005 median home value of $198,800 and greater than median owner-occupied dwelling value of $167,500 across the United States during the same year.

Carver County can be understood as having a relatively high proportion of residential real estate that is high priced. In 2005, the American Community Survey reported that 14.1 percent residential property is valued over $500k.

There is a limited amount affordable residential real estate in Carver County, Minnesota. In 2005, 7.4 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

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