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 44,861, 17,630 total housing units (homes and apartments), and a median house value of $287,987, Moorhead 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 Moorhead, accounting for 51.72% of the city's housing units. Other types of housing that are prevalent in Moorhead include large apartment complexes or high rise apartments ( 31.28%), row houses and other attached homes ( 10.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.62%).
The most prevalent building size and type in Moorhead are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.83% owning and 46.17% renting.
Moorhead homes and real estate are some of the newest in America. 32.62% of Moorhead's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Moorhead real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.52%), and between 1940-1969 ( 26.66%). There's also some housing in Moorhead built before 1939 ( 8.20%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Moorhead, where house values have increased just 55.38%, which is annualized rate of 4.51%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Moorhead appreciation rates have trailed the rest of the nation. In the last twelve months, Moorhead's appreciation rate has been 3.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moorhead were at -0.86%, which equates to an annual appreciation rate of -3.40%.
Notably, Moorhead's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Moorhead's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Moorhead differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moorhead - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Moorhead real estate investment or home purchase decisions.
$287,987
for Minnesota
for nation
17,630
$1,243 / per month