Champlin, Minnesota Housing Market Prices
Champlin Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 5% below the Minnesota median$225,006
-
Median rent 32% above the Minnesota median$1,688
Housing Market Overview
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,006 | $236,718 | $248,835 |
| Price Trend (Annual %) | 6.2% | 6.6% | 7.5% |
| Median Gross Rent | $1,688 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Champlin is about 5% lower than in Minnesota. Rent is about 32% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Champlin, up about 6.2% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Champlin rose about 52.2% between 2015 and 2024, from $1,109 to $1,688. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Champlin.
Buying the median-priced home in Champlin costs roughly 11.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Champlin. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,006 | $236,718 | $248,835 |
| Median Household Income | $115,165 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Champlin rose about 41.8%, while median household income rose about 38.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.3% | 65.5% | 58.5% |
| Rental Rate | 11.5% | 25.2% | 31.2% |
| Vacancy Rate | 3.2% | 9.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Champlin has a homeownership rate of 85.3%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 3.2%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Champlin | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1976 | 1978 |
| Median Number of Rooms | 7.0 | 6.1 | 5.5 |
The typical housing unit in Champlin was built around 1988. On average, 2.7 people live in a home with about 7.0 rooms, staying for about 16.0 years on average.
Champlin, MN Housing Compared With Nearby Cities
How Champlin, MN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Champlin, MN | 23,225 | $225,006 #2/2 | $1,688 #1/2 | 88.1% #1/2 |
| Brooklyn Park, MN | 83,850 | $409,337 | $1,325 | 70.3% |
Frequently Asked Questions
Common questions about the housing market in Champlin, Minnesota.
What is the median home price in Champlin, Minnesota?
The median home price in Champlin, Minnesota is $225,006, lower than the Minnesota average of $236,718.
What is the average home price in Champlin, Minnesota?
The typical home price in Champlin, Minnesota, reported as the median sale price, is $225,006. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Champlin, Minnesota?
The median gross rent in Champlin, Minnesota is $1,688 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Champlin in 2020?
In 2020, the median gross rent in Champlin, Minnesota was $1,307 per month.
What is the price-to-rent ratio in Champlin, Minnesota?
The price-to-rent ratio in Champlin, Minnesota is about 11.1, meaning it would take roughly 11.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Champlin.
Are home prices or rent rising faster in Champlin, Minnesota?
Both home prices and rent are rising in Champlin, up about 6.2% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Champlin, Minnesota?
85.3% of households in Champlin, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Champlin, Minnesota?
The housing vacancy rate in Champlin, Minnesota is 3.2%, lower than the Minnesota average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →