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4-42 New Brighton Comprehensive Plan | 2040 DRAFT
<br />Housing Mix
<br />The City of New Brighton has a good
<br />mix of housing available to its residents
<br />including single family detached,
<br />single family attached/townhome,
<br />condominium, and apartment housing.
<br />The majority of the housing stock in
<br />New Brighton is single family detached
<br />homes which consist of 52% of the
<br />total housing supply. In recent years,
<br />the City has seen more townhome,
<br />condominium, and senior housing built
<br />on infill lots and redevelopment sites
<br />to accommodate a demand to offer a
<br />greater variety of life-cycle housing.
<br />Out of the 9,642 housing units in New
<br />Brighton, 5,574 (57.8%) are owner
<br />occupied, 3,481 (36.1%) are rented,
<br />and 587 (6.1%) are vacant.
<br />8.56%
<br />29.57%
<br />36.29%
<br />9.42%
<br />8.31%
<br />4.44%
<br />3.42%
<br />0 1000 2000 3000 4000
<br />Over 60 Years Old
<br />50-60 Years
<br />40-50 Years
<br />30-40 Years
<br />20-30 Years
<br />10-20 Years
<br />Less than 10 Years
<br />Figure 4-14. Housing Age 2016
<br />Source: 2016 GIS base data from
<br />Age of Housing Stock
<br />Over 65% of the housing stock was built during the 1960s and 1970s. Only 8% of
<br />New Brighton’s housing units were built in the last twenty years. Because so much of
<br />the housing stock is over 20 years old, it will be of critical importance to ensure the
<br />community has the available resources for residents to maintain their homes. The
<br />useful life for many housing components such as roofs, windows, siding, and mechanical
<br />systems is often 20 to 30 years. Figure 4-14 illustrates the breakdown of housing by
<br />age.
<br />Housing Values
<br />Figure 4-15 represents 2016 housing values for owner-occupied units as represented
<br />by the Metropolitan Council. As seen in the graphic, the highest percentage of
<br />owner-occupied homes in New Brighton are $238,500 or less in value, which is the
<br />“affordable” threshold for owner-occupied homes. Many of these units are those
<br />Table 4-11. Median Home Sales Prices over Time
<br />2012 2014 2016 % Change
<br />2012-2016
<br />New Brighton $165,000 $197,000 $241,250 46.21%
<br />Moundsview $139,500 $176,000 $195,000 39.78%
<br />Arden Hills $325,000 $252,000 $299,000 -8.00%
<br />Falcon Heights $228,706 $257,450 $288,800 26.28%
<br />Fridley $126,500 $160,000 $187,800 48.46%
<br />Lauderdale $171,450 $117,750 $187,500 9.36%
<br />Roseville $187,450 $205,000 $225,213 20.15%
<br />St. Anthony $154,950 $211,700 $240,000 54.89%
<br />Shoreview $191,000 $223,000 $221,250 15.84%
<br />Spring Lake Park $118,000 $164,900 $170,000 44.07%
<br />Source: Minnapolis Area Association of REALTORS 2017
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