North Oaks, MN offers plenty of opportunities for buyers and sellers in today’s real estate market. From gorgeous properties to spacious living and luxury amenities, homes for sale in North Oaks are often the most sought after in the east metro.
Before you decide to jump into the North Oaks real estate market, you should first educate yourself on the crucial pieces of information that every buyer or seller should know. Whether it’s the average home sales price, rental or condo opportunities, even the type of neighbors you’ll have – there’s plenty of information about the town, homes and residents that you should read up on.
If you’re buying or selling property in North Oaks, here’s everything that you need to know.
While North Oaks is a small city, with a population just under 5,000, it remains of the most beautiful neighborhoods in the state of Minnesota. Located in Ramsey County, North Oaks is the 156th largest community in Minnesota. Home real estate here appeals to the affluent, where home prices are not only the most expensive in Minnesota, but consistently ranks among the most expensive in the entire country as well.
Median Sales Price
If you’re looking for a home in North Oaks, you may need a healthy bank account balance – the median sales price was $870,757 in April of 2017.
Price per Square Ft.
Calculating price per square foot can help when comparing similarly sized and configured homes in certain areas, giving you insightful views of the general trends of the neighborhood. The price per square foot in North Oaks was $157 in March of 2017.
Median Rent Price per Month
If you’re in the market for a rental property, the average amount you’ll be doling out each month will be approximately $3,900.
Average Days on the Market
The average days on the market for real estate in North Oaks varies month-by-month, however, the average length was 23 days in June of this year. Sellers will likely get their asking price without waiting too long for the home to be purchased.
The population has grown almost 24 percent since the 2000 census, with the population presently sitting at just over 4,800. 80 percent of the population is located in the urban district, 20 percent are located in the rural district.
In North Oaks, you’ll have room to stretch your legs, with a population density of 665 persons per square mile. For comparison, the city of Minneapolis has a population density of 413,700 per square mile. If you’re looking for a spacious property, look to the real estate for sale in North Oaks.
North Oaks is home to only one school, Chippewa Middle School, however it is one of the highest rated in the state. Only 20 percent of households in North Oaks have children, meaning there isn’t much demand for more schools. Other nearby public school options exist in the White Bear Lake district, Afsa High School and East Metro Integration District, although they are all rated lower than Chippewa Middle School. Other school options in North Oaks include:
- Community School of Excellence
- Mounds View Public School District
- Roseville Public School District
- Centennial Public School District
- Community of Peace Academy
- Northeast Metro 916 School District
- Face To Face Academy
Since July 2017, there have only been four recorded crimes in the community of North Oaks, according to trulia.com. They include a watercraft violation, one drug violation and two traffic stop violations. If you’re looking for one of the safest places to live in Minnesota, this suburb may be the place for you.
The demographics of North Oaks offer unique insight into the community and neighborhoods that make it up. Here are some demographic facts about the town:
- 80 percent of the population are married; 20 percent are single
- The median income of citizens is $160,556.
- 69 percent of the households are owner-occupied
- Median age of residents is 57 years old
- 75 percent of residents are college educated
- Vacant Homes amount to 5.9 percent
The majority of North Oaks residents commute by car, with 97 percent preferring to drive. Three percent commute by bus. With minimal public transportation options, those that move here may need a car to get to and from work or entertainment.
If you live in North Oaks, you have the advantage of being just 10 miles away from many amenities that the city offers. Only a 20-minute drive to downtown St. Paul, you can hop on I35E South and see a Minnesota Wild game at the Xcel Energy Center, grab some breakfast at the infamous Mickey’s Diner, or enjoy the nature trails at the Mississippi National River and Recreation Area.
Single Family Homes Continue to Dominate, but Condos Remain Popular
As of June 2017, there were 68 homes for sale in North Oaks, equaling 81 percent of the total market. Condos made up 19 percent of the market with 16 on the market. There are many options in real estate buying, selling or investing in North Oaks.
Newer Homes that are Lightly Occupied
Existing homes in North Oaks have a median age of 20 years and a median occupancy time of 15 years. These suburban properties are lightly used and just as luxurious as when they were built.
Plenty of Things to Do
If you’re interested in living in the North Oaks area, here are some things you can enjoy doing on your days off or in your free time.
North Oaks Golf Course
Constructed by Stanley Thompson, an expert golf course architect, this championship golf course has been the location of many professional golf championships for the past 70 years. With its championship tees, the par 71 course features over 6,655 yards, challenging golfers of every skill level.
Enjoy Nature at the Pleasant Lake Trails
Following along the shores of gorgeous Pleasant Lake, you’ll catch breathtaking views and gorgeous natural landscapes when you take a stroll on the local trails. Throughout the year, you will have plenty of nature to explore when you walk along these paths.
Treat Yourself at one of the many Spas
The area caters to the affluent, so there are a few spas located right within the city boundaries, like Stonewood Spa. Whether you’re searching for a manicure, pedicure, facial, waxing, make-overs or spray tanning, Stonewood will tailor your package to any custom requests.
Enjoy the Sun and Surf at Pleasant Lake Beach
A local favorite in North Oaks is Pleasant Lake Beach, where beachgoers enjoy public beaches, picnic tables, grills and playgrounds. On any given day in the summer, residents abound head to the lake for sunbathing, swimming, picnicking and other outdoor activities.
Tour the Historical Hill Farm
This must-see attraction lets the visitor go into the past to see what life was like on farms in the 1800s. James J. Hill’s legacy of farming innovation is maintained by The Hill Farm Historical Society on over five acres of farmland in North Oaks. The original farm buildings, including the blacksmith shop, machine shop and dairy building, are open to the public, with guided tours available. The property is listed on the National Register of Historic Places and is one of the most popular attractions in the town.
Moving to North Oaks and Living the Life of Luxury
Now that you know everything about the real estate market in North Oaks, you can make a better decision about buying or selling a home in the area. Whether you’re searching for a sprawling mansion, a luxury condo or a high-end apartment, there’s plenty of property types to choose from in the Twin Cities suburb.
After learning some crucial aspects of the local market, is North Oaks the town for you? That’s up to you, however it does offer some of the most spacious living, affluent neighborhoods and beautiful properties in the greater Minneapolis-St. Paul area. We wish you the best of luck in pursuing the several opportunities for buyers and sellers in the North Oaks real estate market!
Contact AD Hays Group for All Your North Oaks Real Estate Needs
AD Hays Group has extensive experience buying and selling luxury real estate in the town of North Oaks, Minnesota. If you’re searching for premier realty services, our team of professionals has decades of experience buying and selling high-end homes, condos and apartments. If you’re making to close or sell a house quickly, or searching for new, exciting real estate investment opportunities – AD Hays Group is here to help.
We’re committed to providing the best real estate services in the state. Find out why we’re the best. Contact us today.