Analytics built by:
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: Ä¢¹½ÊÓÆµ uses over 600 characteristics to build a neighborhood profile…
With a population of 6,762, 2,192 total housing units (homes and apartments), and a median house value of $505,026, Zimmerman real estate is some of the most expensive in Minnesota, although Zimmerman home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Zimmerman, accounting for 74.64% of the city's housing units. Other types of housing that are prevalent in Zimmerman include row houses and other attached homes ( 10.19%), large apartment complexes or high rise apartments ( 8.40%), and a few mobile homes or trailers ( 4.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zimmerman. Owner-occupied housing accounts for 87.00% of Zimmerman's homes, and 67.99% have either three or four bedrooms, which is average sized relative to America.
Zimmerman homes and real estate are some of the newest in America. 62.66% of Zimmerman's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Zimmerman real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.24%), and between 1940-1969 ( 8.13%). There's also some housing in Zimmerman built before 1939 ( 2.97%).
Appreciation rates for homes in Zimmerman have been tracking above average for the last ten years, according to Ä¢¹½ÊÓÆµ data. The cumulative appreciation rate over the ten years has been 100.20%, which ranks in the top 40% nationwide. This equates to an annual average Zimmerman house appreciation rate of 7.19%.
Over the last year, Zimmerman appreciation rates have trailed the rest of the nation. In the last twelve months, Zimmerman's appreciation rate has been 5.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, Ä¢¹½ÊÓÆµ's data show that house appreciation rates in Zimmerman were at 0.44%, which equates to an annual appreciation rate of 1.79%.
Relative to Minnesota, our data show that Zimmerman's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.
$505,026
for Minnesota
for nation
2,192
$1,739 / per month