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 4,742 people, 1,955 houses or apartments, and a median cost of homes of $202,446, house prices in Windom are solidly below the national average.
Single-family detached homes are the single most common housing type in Windom, accounting for 77.97% of the city's housing units. Other types of housing that are prevalent in Windom include large apartment complexes or high rise apartments ( 9.19%), row houses and other attached homes ( 7.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.80%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Windom. Owner-occupied housing accounts for 67.83% of Windom's homes, and 66.85% have either three or four bedrooms, which is average sized relative to America.
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. Windom's housing was primarily built during this period, from the '40s through the '60s. A full 41.26% of the city's housing hails from this era. Other housing ages represented in Windom include homes built between 1970-1999 ( 34.36%) and housing constructed before 1939 ( 17.44%). There's also some housing in Windom built between 2000 and later ( 6.94%).
Real estate appreciation rates in Windom's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.86% during the period.
Over the last year, Windom appreciation rates have trailed the rest of the nation. In the last twelve months, Windom's appreciation rate has been -0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Windom were at 4.64%, which equates to an annual appreciation rate of 19.89%.
Importantly, this makes Windom 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 Windom's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.
$202,446
for Minnesota
for nation
1,955
$1,531 / per month