Apple Valley, Minnesota.
Typical home $374,918 (+1.4% in a year), asking rent $1,985 (-0.7%). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$922 (+88%) since Jan 2020.
- 1 year
- Up $5,280 +1%
- $369,638$374,918 since Sep 2025
- 5 years
- Up $35,099 +10%
- $339,818$374,918 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Apple Valley$1,968
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 35 years.
Typical home values in Apple Valley, MN rose 1.4% over the past year — faster than the nation's +1.2%.
Asking rents in Apple Valley, MN fell 0.7% over the past year — slower than the nation's +2.7%.
Owning the typical home in Apple Valley runs $691/mo more than renting one. The gap peaked at $784 in Oct 2023.
That is $2,677 a month against $1,985 rent: a $1,968 mortgage payment, plus $307 property tax and $401 insurance & upkeep.
Owning vs renting — Apple Valley
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,677
- Renting$1,985
- Mortgage only$1,968
Property tax · $307/mo 0.98% of value a year — the ACS 2020-2024 median bill over the median home value for Dakota County, MN
Insurance & upkeep · $401/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Apple Valley, Dakota County, Minnesota
Apple Valley is a city of 56,374 people in Dakota County. Half its households earn more than $97,673 a year and half less, against $106,318 across Dakota County; 6% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Apple Valley was 5.0% in August 2026, and Dakota County had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Apple Valley is a city in Dakota County, south of the Twin Cities, and most homes there are lived in by their owners. Incomes run a little below the county's, and typical home values and rents sit in a middle range for the metro area. Winters are cold, with January the coldest month, and summers are warm in July, with a fair amount of rain and melted snow through the year.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, shops, and banks, insurance and property. Among the largest workplaces in town are Uponor, a plastics and pipe manufacturer, along with Target and Bachman's, the garden center. Unemployment is somewhat higher than a year earlier, and many people work from home some of the time.
Things to do. The Minnesota Zoo is in or beside town, and Metropolitan Stadium, a stadium, is a short drive away. A longer drive brings you to the Minneapolis Institute of Art, a museum, and to Saint Anthony Falls, a waterfall on the Mississippi River in Minneapolis.
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- 21,627households
- 46%of adults have a degree
- 6%below the poverty line
- 25 mintypical commute
- 22%work from home
What residents work in
Employed residents by industry, from the Census survey. Dakota County had 189,166 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 3°; warmest in July, with highs near 81° and lows near 61°. About 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rosemount Rsch & Outreach Ctr weather station, 5 miles away (NOAA).
Largest workplaces in Apple Valley
- Uponor - Apple ValleyPipe, rigid plastics, manufacturing676
- TargetDiscount department stores540
- City of Apple ValleyCity and town managers' offices410
- WalmartWarehouse clubs and supercenters406
- TargetDiscount department stores361
- Minnesota ZooZoos350
- Augustana Health Care Center of Apple ValleyAssisted-living facilities with on-site nursing facilities336
- Apple Valley High SchoolElementary and secondary schools235
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 55 workplaces with 20 or more staff, 6,811 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- TornadoesRelatively high
- Hailrelatively high in parts of Apple ValleyRelatively moderate
- Winter weatherrelatively high in parts of Apple ValleyRelatively moderate
- Cold wavesrelatively high in parts of Apple ValleyRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Apple Valley’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Dakota County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Apple Valley home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Apple Valley$374,918
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 3 Apple Valley listings, and the typical home goes pending in 29 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Apple Valley35.11%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Apple Valley29
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Apple Valley240
New listings per month
Sellers arriving at the market.
- Apple Valley74
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Apple Valley$362,675
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Apple Valley100.63%
Zip codes with a Apple Valley address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Apple Valley — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.