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 a population of 11,492, 4,735 total housing units (homes and apartments), and a median house value of $584,196, Mendota Heights house prices are not only among the most expensive in Minnesota, Mendota Heights real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Mendota Heights, accounting for 65.14% of the city's housing units. Other types of housing that are prevalent in Mendota Heights include row houses and other attached homes ( 14.92%), large apartment complexes or high rise apartments ( 14.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mendota Heights. Owner-occupied housing accounts for 81.78% of Mendota Heights's homes, and 60.74% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mendota Heights 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 Mendota Heights built between 1940-1969 ( 27.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.92%). There's also some housing in Mendota Heights built before 1939 ( 2.15%).
Mendota Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mendota Heights during the period has been just 5.07%, which is lower than 80% of US communities.
Over the last year, Mendota Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Mendota Heights's appreciation rate has been 1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mendota Heights were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Mendota Heights's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.
$584,196
for Minnesota
for nation
4,735
$2,925 / per month