Golden Valley, Minnesota Housing Market Prices
Golden Valley 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.
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Median home price 27% below the Minnesota median$172,946
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Median rent 39% above the Minnesota median$1,785
Housing Market Overview
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,946 | $236,718 | $248,835 |
| Price Trend (Annual %) | 22.7% | 6.6% | 7.5% |
| Median Gross Rent | $1,785 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Golden Valley is about 27% lower than in Minnesota. Rent is about 39% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Golden Valley, up about 22.7% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Golden Valley rose about 59.1% between 2015 and 2024, from $1,122 to $1,785. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Golden Valley.
Buying the median-priced home in Golden Valley costs roughly 8.1 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 Golden Valley. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,946 | $236,718 | $248,835 |
| Median Household Income | $107,541 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Golden Valley fell about 29.6%, while median household income rose about 34.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 65.5% | 58.5% |
| Rental Rate | 27.2% | 25.2% | 31.2% |
| Vacancy Rate | 7.2% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Golden Valley has a homeownership rate of 65.6%, about the same as the Minnesota average of 65.5%. Its housing vacancy rate is 7.2%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Golden Valley | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1972 | 1976 | 1978 |
| Median Number of Rooms | 6.4 | 6.1 | 5.5 |
The typical housing unit in Golden Valley was built around 1972. On average, 2.2 people live in a home with about 6.4 rooms, staying for about 14.0 years on average.
Golden Valley, MN Housing Compared With Nearby Cities
How Golden Valley, MN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Golden Valley, MN | 21,735 | $172,946 #2/2 | $1,785 #1/2 | 70.7% #1/2 |
| St. Louis Park, MN | 49,539 | $406,830 | $1,644 | 57.8% |
Frequently Asked Questions
Common questions about the housing market in Golden Valley, Minnesota.
What is the median home price in Golden Valley, Minnesota?
The median home price in Golden Valley, Minnesota is $172,946, lower than the Minnesota average of $236,718.
What is the average home price in Golden Valley, Minnesota?
The typical home price in Golden Valley, Minnesota, reported as the median sale price, is $172,946. 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 Golden Valley, Minnesota?
The median gross rent in Golden Valley, Minnesota is $1,785 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Golden Valley in 2020?
In 2020, the median gross rent in Golden Valley, Minnesota was $1,362 per month.
What is the price-to-rent ratio in Golden Valley, Minnesota?
The price-to-rent ratio in Golden Valley, Minnesota is about 8.1, meaning it would take roughly 8.1 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 Golden Valley.
Are home prices or rent rising faster in Golden Valley, Minnesota?
Both home prices and rent are rising in Golden Valley, up about 22.7% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Golden Valley, Minnesota?
65.6% of households in Golden Valley, Minnesota own their home, about the same as the Minnesota average.
What is the vacancy rate in Golden Valley, Minnesota?
The housing vacancy rate in Golden Valley, Minnesota is 7.2%, lower than the Minnesota average of 9.3%.
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