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 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%).
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.
$332,879
for Minnesota
for nation
4,221
$1,747 / per month