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Where Minnesota house prices have suffered the worst

  • Blog Post by: Jim Buchta
  • September 5, 2012 - 1:33 PM

 

 

In in its annual Counties Profile report, the Minnesota Housing Partnership used Department of Revenue data to look at how Minnesota counties fared during the housing collapse. It wasn't pretty. In fact, median prices in 71 counties are at or below pre-2006 levels. This data includes all arms-length transactions and excludes foreclosure sales, providing the most accurate look at what's happening to statewide home prices. The list reveals an interesting pattern: Some of the counties that fared the worst are clustered along the north and west edge of the Twin Cities metro where massive subdivisions were built to accommodate home buyers who couldn't afford housing closer to job centers. 

Rank
County
2006
2011
% Change
Region
1
Mille Lacs County
$182,529
$116,950
-36%
E Central
2
Watonwan County
$94,840
$60,813
-36%
S Central
3
Sibley County
$141,703
$91,000
-36%
S Central
4
Rice County
$223,154
$143,500
-36%
SE
5
Norman County
$64,715
$42,000
-35%
NW
6
Isanti County
$206,417
$140,000
-32%
E Central
7
Kanabec County
$167,365
$114,000
-32%
E Central
8
Wright County
$240,895
$165,000
-32%
Central
9
Anoka County
$248,077
$175,000
-29%
Metro
10
Sherburne County
$238,217
$170,000
-29%
Central
 
State of Minnesota
$223,042
$166,418
-25%
 

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