Apple Valley, MN—55124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Apple Valley, MN
As of Oct '25, the median home price in Apple Valley, MN is $369,000, with a year-over-year change of 1.6%. This indicates that home prices in Apple Valley, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 1.6% |
| Single Family | $378,000 | 1.3% |
| Condos | $228,000 | -2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $139,000 | 0.0% |
2 Bed | $254,000 | -1.6% |
3 Bed | $355,000 | 1.4% |
4 Bed | $438,000 | 1.6% |
| 5 Bed | $528,000 | 1.9% |
% of Housing Stock
Rental Trends — Apple Valley, MN
As of July '25, Rentcast reports the average rent in Apple Valley, MN is $2,170, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Apple Valley, MN is studios: $1,360, 1-bedrooms: $1,370, 2-bedrooms: $1,970, 3-bedrooms: $2,110, 4-bedrooms: $3,030. The most common rental property sizes in Apple Valley, MN are 2-bedroom and 3-bedroom, accounting for 43.4% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,170 |
| Studio Rent | $1,360 | $1,360 |
| 1 Bed Rent | $1,410 | $1,370 |
| 2 Bed Rent | $1,900 | $1,970 |
| 3 Bed Rent | $2,200 | $2,110 |
| 4 Bed Rent | $2,840 | $3,030 |
% of Rental Stock
Property Listings — Apple Valley, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Apple Valley, MN is 27. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -6.0% |
Listing Count | 151 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 27 | -11.0% |
Demographics — Apple Valley, MN
As of the latest ACS Survey released in 2023, Apple Valley, MN has a population of 55,700, which has increased by 7.2% over the past 5 years. Apple Valley, MN is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,700 | 7.2% |
% Under 18 | 25.9% | 6.6% |
% Seniors | 16.5% | 20.4% |
% WFH | 19.9% | 323.4% |
% w/ College Degree | 45.9% | 6.2% |
As of the latest ACS Survey released in 2023, Apple Valley, MN is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Apple Valley, MN is black, making up 10.8% of the population. Foreign-born residents account for 12.1% of the population in Apple Valley, MN, and this percentage has increased by 13.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.5% | -10.8% |
% Black | 10.8% | 40.3% |
% Hispanic | 7.3% | 9.0% |
% Asian | 6.3% | 10.5% |
% Foreign Born | 12.1% | 13.1% |
Mortgage and Risk — Apple Valley, MN
According to HUD data as of 2023, there were 389 mortgage originations in Apple Valley, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Apple Valley, MN. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 389 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Apple Valley, MN
As of 2024, the percent of homes in Apple Valley, MN under the Section 8 program is 8.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Apple Valley, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 516 |
Total Units Section 8 | 467 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 96.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $1,410 | $1,570 |
| 2 Bedroom | $10 | $1,900 | $1,910 |
| 3 Bedroom | $340 | $2,200 | $2,540 |
| 4 Bedroom | $10 | $2,840 | $2,850 |
Affordability — Apple Valley, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $369,000 |
| Median Household Income | $99,400 |