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 9,150, 3,584 total housing units (homes and apartments), and a median house value of $269,722, Waseca 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 Waseca, accounting for 78.55% of the city's housing units. Other types of housing that are prevalent in Waseca include large apartment complexes or high rise apartments ( 11.18%), row houses and other attached homes ( 4.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waseca. Owner-occupied housing accounts for 68.71% of Waseca's homes, and 57.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Waseca 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 Waseca built between 1940-1969 ( 35.25%). A lesser amount of the housing stock also hails from before 1939 ( 21.16%). There's also some housing in Waseca built between 2000 and later ( 8.21%).
Real estate appreciation rates in Waseca's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.48% during the period.
NeighborhoodScout's data show that during the latest twelve months, Waseca's appreciation rate, at 6.00%, has been at or slightly above the national average. In the latest quarter, Waseca's appreciation rate has been 4.64%, which annualizes to a rate of 19.89%.
Importantly, this makes Waseca 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 Waseca's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.
$269,722
for Minnesota
for nation
3,584
$1,367 / per month