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 1,316 people, 646 houses or apartments, and a median cost of homes of $290,956, Frazee 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 Frazee, accounting for 60.69% of the city's housing units. Other types of housing that are prevalent in Frazee include mobile homes or trailers ( 13.44%), large apartment complexes or high rise apartments ( 13.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.69%).
People in Frazee primarily live in small (one, two or no bedroom) single-family detached homes. Frazee has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Frazee 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 Frazee built before 1939 ( 26.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.50%). There's also some housing in Frazee built between 1940-1969 ( 16.47%).
Frazee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Frazee during the period has been just 5.66%, which is lower than 70% of US communities.
Over the last year, Frazee appreciation rates have trailed the rest of the nation. In the last twelve months, Frazee's appreciation rate has been 1.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frazee were at -1.47%, which equates to an annual appreciation rate of -5.73%.
Notably, Frazee's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Frazee's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.
$290,956
for Minnesota
for nation
646
$1,248 / per month