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 7,205, 2,538 total housing units (homes and apartments), and a median house value of $320,659, Isanti real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Isanti, accounting for 72.25% of the city's housing units. Other types of housing that are prevalent in Isanti include large apartment complexes or high rise apartments ( 18.62%), row houses and other attached homes ( 7.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Isanti. Owner-occupied housing accounts for 78.25% of Isanti's homes, and 52.92% have either three or four bedrooms, which is average sized relative to America.
Isanti homes and real estate are some of the newest in America. 60.66% of Isanti's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Isanti real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.62%), and between 1940-1969 ( 5.09%). There's also some housing in Isanti built before 1939 ( 4.64%).
Appreciation rates for homes in Isanti have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.22%, which ranks in the top 30% nationwide. This equates to an annual average Isanti house appreciation rate of 7.45%.
Over the last year, Isanti appreciation rates have trailed the rest of the nation. In the last twelve months, Isanti's appreciation rate has been 2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Isanti were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Isanti's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.
$320,659
for Minnesota
for nation
2,538
$1,617 / per month