Saturday, November 11, 2006

Housing Report for Scott County, Minnesota

In Scott County, the U.S. Census Bureau, Population Division accounted for a total of 42,578 housing units in the year 2005. This represents a growth in housing units, adding in all 8,306 residential units since 2001, or 24.2 percent.

Scott County recorded a median home value in 2005 of $264,400, according to the American Community Survey. This is greater than the State of Minnesota 2005 home value of $198,800 and greater than median owner-occupied dwelling value of $167,500 across the United States during the same year.

There seems to be a limited amount of housing that is affordable in Scott County, Minnesota. In 2005, 4.4 percent of housing was valued under $125k.

The residential real estate values in Scott County, Minnesota have seen large increases since their reported values in 2000. The values have increased by $107,100, or 68.1 percent, since their values in that year of $157,300.

Scott County can be understood as having a relatively high percentage of homes that are high in price. In 2005, the American Community Survey counted that 10.5 percent of the houses are valued over a half a million dollars.

When compared to other counties in Minnesota, Scott County stands 1 of 87 in terms of growth of new housing structures between 2001 and 2005. The county stands 22 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

Data Source: U.S. Census Bureau

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