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 384, 156 total housing units (homes and apartments), and a median house value of $258,618, McGregor 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 McGregor, accounting for 62.21% of the city's housing units. Other types of housing that are prevalent in McGregor include large apartment complexes or high rise apartments ( 22.67%), mobile homes or trailers ( 15.12%).
The most prevalent building size and type in McGregor are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.12% owning and 52.88% renting.
There is a lot of housing in McGregor 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 McGregor built before 1939 ( 28.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.35%). There's also some housing in McGregor built between 2000 and later ( 4.07%).
Real estate appreciation rates in McGregor's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.48% during the period.
Over the last year, McGregor appreciation rates have trailed the rest of the nation. In the last twelve months, McGregor's appreciation rate has been 4.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McGregor were at 4.64%, which equates to an annual appreciation rate of 19.89%.
Importantly, this makes McGregor one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that McGregor's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.
$258,618
for Minnesota
for nation
156
$1,148 / per month