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HOUSING CHARACTERISTICS <br />Owner -Occupied Housing Units by Value <br />Table HC-8 presents data on housing values summarized by nine price ranges. Housing value <br />refers to the estimated price point the property would sell if the property were for sale. For <br />single-family and townhome properties, value includes both the land and the structure. For <br />condominium units, value refers to only the unit. <br />• The median home value in Ramsey of $221,500 was 7.7% higher than the median home <br />value in Anoka County ($205,000), a difference of $16,500. <br />• Within Ramsey, about 39% of homes were valued under $200,000, while in Anoka County <br />48% of homes were valued under $200,000. The highest proportion of homes in Ramsey <br />were valued in the $150,000 to $199,999 grouping, combining for 25% of all homes. <br />• In Ramsey, 60% of homes were valued above $200,000. Due to the higher costs of new <br />construction, new homes would likely be priced at $300,000 or higher. <br />• By comparison, the Twin Cities Metro Area has a median home value of $238,097, com- <br />pared to $221,500 in Ramsey. About 22% of Metro Area homes have a home value of <br />$100,000 or less, and 57% are worth $200,000 or more. <br />30% <br />25% <br />20% <br />a 15% <br />10% <br />5% <br />0% <br />Owner -Occupied Units by Value, 2017 <br />■ Ramsey Anoka County Metro Areal <br />< $50K $50K- $100K- $150K- $200K- $250K- $300K- $400K- >$500K <br />$99.9K $149.9K $199.9K $249.9K $299.9K $399.9K $499.9K <br />Home Value <br />MAXFIELD RESEARCH AND CONSULTING 58 <br />