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Mapping residential parcel values in the Twin Cities metro

Last week, we looked at all parcel values — commercial and residential — in Hennepin County. In the map below, we have added Anoka County and focused on only residential properties (taking both land and building value into account). The map reveals distinct trends in residential values around the metro area — note, for example, the difference in overall property values between east and west sides of south Minneapolis.

**Updated May 20, 2014, to include Ramsey County and to adjust color grouping to better reflect the data. We hope to add more counties as the parcel data becomes freely available.

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Comments (6)

Per lot square foot

Thank you for doing a residential only version, it's much easier to consume versus the blended commercial/residential map. I do wonder how much Minneapolis is "hurt" in this view by the small lot size. Since it would seem we already have the data, it'd be nice to normalize by value per square foot, so the larger lots in the exurbs don't get get misrepresented for simply being big.

Just saw the footnote...

Just saw the footnote... Sorry for complaining!!

Nicollet Island property

I'm curious about why the homes on Nicollet Island show up as residential but as having value of "$0 or no data." Are those homeowners taxed? If so there must be some value associated with that property.

Nicollet Islanders don't own their property ...

... it's actually leased (99 years I think) from the Minneapolis Park Board. So it's government-owned land.

About Nicollet Island ...

Yep, the houses at the north end of the island (upriver from the railroad tracks) are on land owned by the park board and leased from the city, with roughly 75 years left on 99-year leases. The house structures themselves are privately owned. By state law (https://www.revisor.mn.gov/statutes/?id=272.02), homeowners pay the same tax as they would if they owned the land, in this case as personal property tax. Hennepin County has the info but doesn't report it with regular, non-leasehold property tax records. The Grove Street Flats and another condo building on West Island Avenue on the downriver side of the tracks are privately owned so their taxes are collected like regular property taxes. More info at the Behind The Mortgage blog: http://www.behindthemortgage.com/2006/01/nicollet-island-update-resident...

You're right

It would make way more sense this way, at least if you're asking the question what does the municipality get in return for its infrastructure investment.