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 a population of 2,682, 965 total housing units (homes and apartments), and a median house value of $323,894, Foley real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Foley, accounting for 69.18% of the city's housing units. Other types of housing that are prevalent in Foley include large apartment complexes or high rise apartments ( 19.18%), mobile homes or trailers ( 7.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).
The most prevalent building size and type in Foley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.35% owning and 35.65% renting.
There is a lot of housing in Foley 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 Foley built between 2000 and later ( 23.46%). A lesser amount of the housing stock also hails from before 1939 ( 16.20%). There's also some housing in Foley built between 1940-1969 ( 15.61%).
Real estate appreciation rates in Foley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.40% during the period.
Appreciation rates are so strong in Foley that despite a nationwide downturn in the housing market, Foley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Foley appreciation rates continue to be some of the highest in America, at 14.55%, which is higher than appreciation rates in 85.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Foley. Foley appreciation rates in the latest quarter were at 4.19%, which equates to an annual appreciation rate of 17.84%.
Relative to Minnesota, our data show that Foley's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.
$323,894
for Minnesota
for nation
965
$1,420 / per month