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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



North Branch, MN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North Branch, MN Housing Market Trends

With 11,492 people, 4,221 houses or apartments, and a median cost of homes of $332,879, North Branch real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Branch, accounting for 80.85% of the city's housing units. Other types of housing that are prevalent in North Branch include large apartment complexes or high rise apartments ( 9.21%), row houses and other attached homes ( 6.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Branch. Owner-occupied housing accounts for 82.46% of North Branch's homes, and 74.82% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Branch 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 North Branch built between 2000 and later ( 32.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.41%). There's also some housing in North Branch built before 1939 ( 5.27%).

North Branch Home Appreciation Rates

Appreciation rates for homes in North Branch have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.81%, which ranks in the top 40% nationwide. This equates to an annual average North Branch house appreciation rate of 7.01%.

Over the last year, North Branch appreciation rates have trailed the rest of the nation. In the last twelve months, North Branch's appreciation rate has been 0.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Branch were at 2.27%, which equates to an annual appreciation rate of 9.37%.

Relative to Minnesota, our data show that North Branch's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$332,879

North Branch, MN Home Prices
> $1,263,000
$947,001 - $1,263,000
$631,001 - $947,000
$505,001 - $631,000
$379,001 - $505,000
$252,001 - $379,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.3%
0.3%
0.9%
0.9%
3.7%
3.7%
8.2%
8.2%
23.2%
23.2%
42.2%
42.2%
15.0%
15.0%
2.4%
2.4%
4.1%
4.1%
0% 100.0%
% of Homes
Average

for Minnesota

High

for nation

Number of Homes And Apartments:

4,221

North Branch Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,747 / per month

Homeownership Rate

Owners
Renters
82.5%
82.5%
17.5%
17.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.0%
2.0%
98.0%
98.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.9%
32.9%
55.4%
55.4%
6.4%
6.4%
5.3%
5.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.9%
80.9%
6.3%
6.3%
2.1%
2.1%
9.2%
9.2%
1.6%
1.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
5.5%
5.5%
12.6%
12.6%
51.5%
51.5%
23.3%
23.3%
5.1%
5.1%
0% 100.0%
% of Homes

Popular Neighborhoods in North Branch

Zip Codes in North Branch, MN