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 17,990, 7,166 total housing units (homes and apartments), and a median house value of $347,066, Anoka real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Anoka, accounting for 50.24% of the city's housing units. Other types of housing that are prevalent in Anoka include large apartment complexes or high rise apartments ( 35.83%), row houses and other attached homes ( 8.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.34%).
People in Anoka primarily live in small (one, two or no bedroom) single-family detached homes. Anoka has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Anoka 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 Anoka built between 1940-1969 ( 34.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.07%). There's also some housing in Anoka built before 1939 ( 9.92%).
Real estate appreciation rates in Anoka's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.
Over the last year, Anoka appreciation rates have trailed the rest of the nation. In the last twelve months, Anoka's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anoka were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Anoka's latest annual appreciation rate is lower than 70% 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 Anoka differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Anoka - 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 Anoka real estate investment or home purchase decisions.
$347,066
for Minnesota
for nation
7,166
$1,727 / per month