Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,316 people, 646 houses or apartments, and a median cost of homes of $303,780, Frazee real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Frazee, accounting for 60.69% of the city's housing units. Other types of housing that are prevalent in Frazee include mobile homes or trailers ( 13.44%), large apartment complexes or high rise apartments ( 13.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.69%).
People in Frazee primarily live in small (one, two or no bedroom) single-family detached homes. Frazee has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Frazee built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Frazee built before 1939 ( 26.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.50%). There's also some housing in Frazee built between 1940-1969 ( 16.47%).
Real estate appreciation rates in Frazee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.78% during the period.
Over the last year, Frazee appreciation rates have trailed the rest of the nation. In the last twelve months, Frazee's appreciation rate has been 3.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frazee were at 4.64%, which equates to an annual appreciation rate of 19.89%.
Importantly, this makes Frazee one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that Frazee's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.
$303,780
for Minnesota
for nation
646
$1,272 / per month