Median price for residential apartments in Burnsville, MN as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
265 Burnsville, MN, USA apartments for sale
Burnsville
According to statistics, the population in Burnsville, MN amounts to 61,302, which shows decline 0% compared to the previous year. The median age of the city’s residents is 36. The average household income is $67,397, shifting growth 2% from the past year, and the average property value in Burnsville, MN growth 4% to $224,700 throughout the year.
| Population | 61,302 |
| Median Age | 36.4 |
| Poverty Rate | 9% |
| Household Income | $67,397 |
| Number Of Employees | 33,697 |
| Median Property Value | $224,700 |
Household Income
The average household income in Burnsville, MN grew from $66,225 to $67,397 in the past year. This data is an estimate based upon 24,553 households in Burnsville, MN . The chart below presents how household income is distributed in Burnsville, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Burnsville, MN shifted from $215,300 to $224,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Burnsville, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Burnsville, MN properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Burnsville, MN compared to median property taxes around the country. The prevalent amount of property taxes in Burnsville, MN equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Burnsville, MN, USA
Average apartment sale in Burnsville: $345,032 (-2.3%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $344,999 | -53.5% |
| 1-bed apartments | $143,271 | +3.8% |
| 2-bed apartments | $250,589 | +5.9% |
| 3-bed apartments | $353,592 | +0.7% |
| 4+ bed apartments | $417,345 | -3.1% |
During Oct 2022, the average price for an apartment in/near Burnsville, MN decreased by 2.3% to $345,032.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 3.8% to $143,271. Asking price for 2-bed apartment also increased by 5.9% and a place of this size will now cost you $250,589. A 3-bed apartment goes for $353,592, it increased by 0.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 3.1% and made it down to $417,345.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Townhouses for sale | $308,699 | +17% |
| Condos for sale | $248,574 | -2.6% |
| Houses for sale | $414,462 | -0.5% |
| Lofts for sale | $257,967 | +4.7% |
| Land for sale | $344,999 | -53.5% |
Price reports demonstrate that house price decreased by 0.5% this month making it up to $414,462. Condos faced an upward trend these days. The median price for a condo decreased by 2.6%, it’s now available for $248,574. The price dynamics of lofts changed, it increased by 4.7%, the price tag now starts at $257,967. The property value of townhouses increased by 17%, you’ll have to spend around $308,699 to get one.