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 3,723 people, 1,165 houses or apartments, and a median cost of homes of $444,890, Bayport real estate is some of the most expensive in Minnesota, although Bayport home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Bayport, accounting for 78.63% of the city's housing units. Other types of housing that are prevalent in Bayport include large apartment complexes or high rise apartments ( 10.21%), duplexes, homes converted to apartments or other small apartment buildings ( 5.67%), and a few row houses and other attached homes ( 5.49%).
The most prevalent building size and type in Bayport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.07% owning and 43.93% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bayport's housing was primarily built during this period, from the '40s through the '60s. A full 32.27% of the city's housing hails from this era. Other housing ages represented in Bayport include homes built before 1939 ( 28.24%) and housing constructed between 2000 and later ( 24.55%). There's also some housing in Bayport built between 1970-1999 ( 14.94%).
Real estate appreciation rates in Bayport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.38% during the period.
Over the last year, Bayport appreciation rates have trailed the rest of the nation. In the last twelve months, Bayport's appreciation rate has been 2.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bayport were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Bayport's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.
$444,890
for Minnesota
for nation
1,165
$2,328 / per month