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 16,613, 5,883 total housing units (homes and apartments), and a median house value of $523,996, Ham Lake real estate is some of the most expensive in Minnesota, although Ham Lake home values aren't among America's most expensive.
Ham Lake is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ham Lake than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ham Lake. Owner-occupied housing accounts for 95.04% of Ham Lake's homes, and 75.40% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ham Lake 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 Ham Lake built between 2000 and later ( 34.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.76%). There's also some housing in Ham Lake built before 1939 ( 2.18%).
Ham Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ham Lake during the period has been just 5.57%, which is lower than 70% of US communities.
Over the last year, Ham Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Ham Lake's appreciation rate has been -0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ham Lake were at -1.82%, which equates to an annual appreciation rate of -7.09%.
Notably, Ham Lake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Ham Lake's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.
$523,996
for Minnesota
for nation
5,883
$2,238 / per month