{
  "schema_version": "1.0",
  "submarket": {
    "slug": "apple-valley-lakeville-hastings-mn",
    "name": "Apple Valley / Lakeville / Hastings",
    "state": "MN",
    "city": "FARMINGTON",
    "cbsa": "Minneapolis-St. Paul-Bloomington",
    "zip_codes": [
      "55024",
      "55033",
      "55044",
      "55068"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:00.170Z",
    "last_updated_at": "2026-06-02T13:11:10.971Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1524,
        "low": 1448,
        "high": 1600,
        "mom_pct": -1.7476774193548386,
        "yoy_pct": 2.023096774193548
      },
      "2br": {
        "median": 1831,
        "low": 1739,
        "high": 1922,
        "mom_pct": -3.0229696969696973,
        "yoy_pct": 0.9662424242424242
      },
      "3br": {
        "median": 2381,
        "low": 2262,
        "high": 2500,
        "mom_pct": -2.0808108108108105,
        "yoy_pct": -0.19554054054054043
      },
      "4br": {
        "median": 2911,
        "low": 2867,
        "high": 3042,
        "mom_pct": 0.24500000000000002,
        "yoy_pct": 2.851666666666667
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1558,
        "low": 1508,
        "high": 1607,
        "mom_pct": 0.34199999999999997,
        "yoy_pct": 4.38
      },
      "2br": {
        "median": 1891,
        "low": 1844,
        "high": 1938,
        "mom_pct": -1.5761538461538462,
        "yoy_pct": 1.3273076923076925
      },
      "3br": {
        "median": 2398,
        "low": 2302,
        "high": 2494,
        "mom_pct": -1.0526530612244898,
        "yoy_pct": -0.5187755102040815
      },
      "4br": {
        "median": 2889,
        "low": 2855,
        "high": 2975,
        "mom_pct": -0.1686666666666667,
        "yoy_pct": 2.6126666666666667
      }
    },
    "single_family": {
      "1br": {
        "median": 1632,
        "low": 1581,
        "high": 1685,
        "mom_pct": -0.45153846153846156,
        "yoy_pct": 5.282307692307692
      },
      "2br": {
        "median": 2004,
        "low": 1954,
        "high": 2054,
        "mom_pct": -2.0469230769230773,
        "yoy_pct": 2.8015384615384615
      },
      "3br": {
        "median": 2511,
        "low": 2418,
        "high": 2604,
        "mom_pct": -6.589615384615384,
        "yoy_pct": -4.3696153846153845
      },
      "4br": {
        "median": 2909,
        "low": 2778,
        "high": 3040,
        "mom_pct": 1.1335714285714285,
        "yoy_pct": 2.8138095238095238
      }
    }
  },
  "vacancy": 3.4523,
  "days_on_market": {
    "apartment": 33,
    "condo_townhome": 28,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "4BR single-family rents rise 1.13% MoM",
      "body": "In the Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) rental market, 4-bedroom single-family homes recorded a median rent of $2,909 in April 2026, up 1.13% month-over-month. This increase was higher than the MoM changes for apartments and condo/townhomes in the same bedroom category, supporting upward momentum in larger detached units."
    },
    {
      "headline": "1BR condos lead apartments by $34",
      "body": "Across Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068), 1-bedroom condos/townhomes set a median rent of $1,558, topping 1-bedroom apartments at $1,524 by $34. The annual growth rate for condos/townhomes was 4.38% YoY, stronger than apartments, which climbed 2.02% YoY in this segment."
    },
    {
      "headline": "3BR single-family drops 6.59% MoM",
      "body": "Recent data show that Apple Valley / Lakeville / Hastings (55024, 55033, 55044, 55068) rental trends highlight a steep month-over-month decline for 3-bedroom single-family homes, which fell 6.59% to a median rent of $2,511. This segment posted the sharpest immediate decrease among all tracked property types for April 2026."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Apple Valley / Lakeville / Hastings, MN range from $1,524 to $2,911 per month depending on property type and bedroom count.",
      "The largest year-over-year change was a -4.37% decline for 3-bedroom single-family rentals in Apple Valley / Lakeville / Hastings, MN.",
      "For 2-bedroom units, single-family properties lead at $2,004 compared to $1,891 for condos/townhomes and $1,831 for apartments."
    ],
    "qa": [
      {
        "question": "What is the typical rent range in Apple Valley / Lakeville / Hastings, MN as of April 2026?",
        "answer": "Rents in Apple Valley / Lakeville / Hastings, MN as of April 2026 range from $1,524 for a 1-bedroom apartment up to $2,911 for a 4-bedroom apartment."
      },
      {
        "question": "Which property segment in Apple Valley / Lakeville / Hastings, MN saw the largest annual rent decrease, and was the decline broad or limited?",
        "answer": "The 3-bedroom single-family segment experienced the largest year-over-year rent decline at -4.37%, and the decrease is limited to that bedroom count, as other single-family bedrooms posted YoY increases."
      },
      {
        "question": "Which property type and bedroom count in Apple Valley / Lakeville / Hastings, MN posted the highest annual rent growth, and is that growth broad or concentrated?",
        "answer": "The single-family 1-bedroom segment saw the highest annual rent growth at 5.28% YoY, and this growth is not broad, as other single-family bedroom counts had smaller increases or even a decline for 3-bedrooms."
      },
      {
        "question": "Where did the sharpest month-over-month rent change occur in Apple Valley / Lakeville / Hastings, MN and by how much?",
        "answer": "The largest month-over-month movement was a -6.59% drop for 3-bedroom single-family rents, falling from $2,688 to $2,511 in April 2026."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1524,
          "2br": 1831,
          "3br": 2381,
          "4br": 2911
        },
        "condo_townhome": {
          "1br": 1558,
          "2br": 1891,
          "3br": 2398,
          "4br": 2889
        },
        "single_family": {
          "1br": 1632,
          "2br": 2004,
          "3br": 2511,
          "4br": 2909
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1550,
          "2br": 1884,
          "3br": 2439,
          "4br": 2904
        },
        "condo_townhome": {
          "1br": 1553,
          "2br": 1927,
          "3br": 2442,
          "4br": 2894
        },
        "single_family": {
          "1br": 1640,
          "2br": 2045,
          "3br": 2692,
          "4br": 2866
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1525,
          "2br": 1849,
          "3br": 2422,
          "4br": 2922
        },
        "condo_townhome": {
          "1br": 1556,
          "2br": 1940,
          "3br": 2496,
          "4br": 2916
        },
        "single_family": {
          "1br": 1640,
          "2br": 2054,
          "3br": 2727,
          "4br": 2885
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1526,
          "2br": 1866,
          "3br": 2463,
          "4br": 2953
        },
        "condo_townhome": {
          "1br": 1567,
          "2br": 1949,
          "3br": 2440,
          "4br": 2935
        },
        "single_family": {
          "1br": 1638,
          "2br": 2058,
          "3br": 2743,
          "4br": 2899
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1545,
          "2br": 1864,
          "3br": 2467,
          "4br": 2971
        },
        "condo_townhome": {
          "1br": 1578,
          "2br": 1956,
          "3br": 2469,
          "4br": 2954
        },
        "single_family": {
          "1br": 1642,
          "2br": 2069,
          "3br": 2740,
          "4br": 2932
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1560,
          "2br": 1856,
          "3br": 2467,
          "4br": 2979
        },
        "condo_townhome": {
          "1br": 1578,
          "2br": 1954,
          "3br": 2470,
          "4br": 2964
        },
        "single_family": {
          "1br": 1644,
          "2br": 2072,
          "3br": 2733,
          "4br": 2932
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1557,
          "2br": 1832,
          "3br": 2455,
          "4br": 2966
        },
        "condo_townhome": {
          "1br": 1573,
          "2br": 1936,
          "3br": 2472,
          "4br": 2953
        },
        "single_family": {
          "1br": 1636,
          "2br": 2060,
          "3br": 2750,
          "4br": 2934
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1536,
          "2br": 1822,
          "3br": 2463,
          "4br": 2952
        },
        "condo_townhome": {
          "1br": 1563,
          "2br": 1941,
          "3br": 2486,
          "4br": 2937
        },
        "single_family": {
          "1br": 1627,
          "2br": 2049,
          "3br": 2742,
          "4br": 2946
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1524,
          "2br": 1815,
          "3br": 2454,
          "4br": 2932
        },
        "condo_townhome": {
          "1br": 1547,
          "2br": 1943,
          "3br": 2467,
          "4br": 2921
        },
        "single_family": {
          "1br": 1616,
          "2br": 2029,
          "3br": 2737,
          "4br": 2919
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1494,
          "2br": 1812,
          "3br": 2440,
          "4br": 2909
        },
        "condo_townhome": {
          "1br": 1535,
          "2br": 1946,
          "3br": 2460,
          "4br": 2901
        },
        "single_family": {
          "1br": 1602,
          "2br": 2014,
          "3br": 2725,
          "4br": 2904
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1496,
          "2br": 1795,
          "3br": 2402,
          "4br": 2880
        },
        "condo_townhome": {
          "1br": 1517,
          "2br": 1902,
          "3br": 2426,
          "4br": 2875
        },
        "single_family": {
          "1br": 1583,
          "2br": 1993,
          "3br": 2703,
          "4br": 2897
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1490,
          "2br": 1797,
          "3br": 2369,
          "4br": 2851
        },
        "condo_townhome": {
          "1br": 1499,
          "2br": 1881,
          "3br": 2392,
          "4br": 2837
        },
        "single_family": {
          "1br": 1563,
          "2br": 1967,
          "3br": 2678,
          "4br": 2863
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/apple-valley-lakeville-hastings-mn/",
    "self": "https://data.estaite.com/feeds/apple-valley-lakeville-hastings-mn.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}