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Apple Valley, MN

Full City Profile · Minnesota · Dakota County County

3.8 /5.0
B+ Good
55,696 Population 3,301/sq mi density
$99,277 Median Income $48,875 per capita
$354,200 Home Value $368,753 Zillow
$1,678 Median Rent 31.1% income on rent
44°F Avg Temperature 270 sunny days/yr
93 Violent Crime/100K 1,939 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$99,277 median income, 2.7% unemployment
A+
Affordability
4.7 / 5.0
$354,200 home value, $1,678/mo rent
F
Safety
1.0 / 5.0
93 violent crimes/100K
A+
Education
4.7 / 5.0
45.9% bachelor's degree or higher

Housing Overview

Median Home Value
$354,200
26% above
US avg: $281,900
Median Rent
$1,678/mo
44% above
US avg: $1,163/mo
Homeownership Rate
72.9%
11% above US avg (65.4%)
Total Housing Units
21,790
Median year built: 1989

Home Value by Source

Census Median
$354,200
Zillow (ZHVI)
$368,753
Median Sale Price
$293,450
Median List Price
$339,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

72.9%
Owner-Occupied
27.1%
Renter-Occupied
73%
27%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,678/mo · Zillow rent: $1,962/mo

Market Indicators (Redfin)

Median Days on Market
71 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
32
Price Drops
28.4%
of listings with price reduction
Price Per Sq Ft
$167
Active Inventory
74
homes for sale

Affordability & Housing Stock

Rent Burden
31.1%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
72.9%

Complete Housing Data

Home Values

Census Median Value$354,200
Zillow Home Value (ZHVI)$368,753
Median Sale Price$293,450
Median List Price$339,950
Price Per Sq Ft$167

Rent

Census Median Rent$1,678
Zillow Rent (ZORI)$1,962
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market71
Sale-to-List Ratio1.0%
Price Drops28.4%
Homes Sold32
Active Inventory74
Price Per Sq Ft$167

Ownership & Stock

Owner-Occupied72.9%
Renter-Occupied27.1%
Homeownership Rate72.9%
Total Housing Units21,790
Median Year Built1989
Rent Burden31.1%