Roseville 24 Out of 45 Minnesota Markets

When it comes to home affordability in Minnesota, Roseville ranks in about the middle of the pack, according to new national survey released this week by Coldwell Banker Real Estate.

Among 45 Minnesota real estate markets surveyed, Roseville placed 24th for the average listing price of a four-bedroom, two bathroom home. That price was $207,668, more than No, 1 ranked Owatonna at $146,652, the most affordable, but less than No. 45 ranked Red Wing at $348,493, the most expensive. That represents slightly more than a $200,000 spread between the cheapest and most expensive homes.

On a national basis, Roseville ranked 865 for affordability out of some 2,300 U.S. markets surveyed.  

Compared to the national average of $293,251, the average four-bedroom, two-bathroom home in Minnesota overall was $211,633, Coldwell Banker said in a statement.

Dick Einan, a Twin Cities Coldwell Banker real estate agent, told Roseville Patch the survey results were good news” for Roseville “being in the middle of the pack.”  He contended Roseville’s ranking is good given that, among other things, it is centrally located between the Twin Cities two major downtowns, has a large shopping district with Rosedale and HarMar malls and boasts a strong parks system.

“It’s a good solid community,” said Einan, of Einan Home Team, which offices from White Bear Lake but counts Roseville for more than half of its business.

The Coldwell Banker HLR provides the average home listing price of four-bedroom, two-bathroom properties on coldwellbanker.com that were listed between September 2010 and March 2011 from more than 2,300 North American markets, the company said. Markets included in the U.S. report were required to have at least 10 properties fitting the above criteria within the relevant timeframe.  The following is Minnesota communities surveyed by Coldwell Banker Real Estate:

Minnesota

Market Name

State Rank

National Rank

Average Price

OWATONNA

1

203

$146,652

HUTCHINSON

2

212

$148,599

ALBERT LEA

3

216

$148,967

WILLMAR

4

257

$153,849

ST CLOUD

5

279

$155,955

COON RAPIDS

6

282

$156,377

MOORHEAD

7

291

$157,344

WASECA

8

356

$164,309

BROOKLYN PARK

9

357

$164,402

ROCHESTER

10

381

$166,722

NORTH BRANCH

11

385

$166,941

LITTLE FALLS

12

390

$167,380

ST PAUL

13

397

$168,020

RAMSEY

14

436

$171,400

WYOMING

15

437

$171,500

FARMINGTON

16

497

$176,100

COTTAGE GROVE

17

563

$181,842

NEW ULM

18

571

$182,500

EAGAN

19

730

$196,411

WHITE BEAR LAKE

20

739

$197,141

LAKEVILLE

21

799

$201,962

BLOOMINGTON

22

842

$205,275

BLAINE

23

846

$205,720

ROSEVILLE

24

865

$207,668

MANKATO

25

887

$209,243

DULUTH

26

893

$209,653

WINONA

27

898

$210,343

APPLE VALLEY

28

900

$210,655

BURNSVILLE

29

932

$213,498

RICHFIELD

30

961

$216,154

MINNEAPOLIS

31

1,001

$221,236

BEMIDJI

32

1,072

$229,664

MAPLE GROVE

33

1,086

$230,885

DETROIT LAKES

34

1,090

$231,279

EDEN PRAIRIE

35

1,196

$244,337

PLYMOUTH

36

1,212

$246,573

FERGUS FALLS

37

1,219

$247,175

NORTHFIELD

38

1,243

$249,907

GOLDEN VALLEY

39

1,443

$278,464

MINNETONKA

40

1,478

$284,263

GRAND RAPIDS

41

1,569

$303,323

FOREST LAKE

42

1,574

$304,232

ST LOUIS PARK

43

1,656

$329,782

ALEXANDRIA

44

1,695

$341,268

RED WING

45

1,720

$348,493