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 23,112 people, 8,647 houses or apartments, and a median cost of homes of $385,160, Champlin real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Champlin, accounting for 78.25% of the city's housing units. Other types of housing that are prevalent in Champlin include row houses and other attached homes ( 11.72%), large apartment complexes or high rise apartments ( 8.64%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Champlin. Owner-occupied housing accounts for 89.41% of Champlin's homes, and 66.97% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Champlin 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 Champlin built between 2000 and later ( 20.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.16%). There's also some housing in Champlin built before 1939 ( 1.38%).
Real estate appreciation rates in Champlin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.46% during the period.
Over the last year, Champlin appreciation rates have trailed the rest of the nation. In the last twelve months, Champlin's appreciation rate has been 5.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Champlin were at -0.64%, which equates to an annual appreciation rate of -2.53%.
Notably, Champlin's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Champlin's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.
$385,160
for Minnesota
for nation
8,647
$2,607 / per month