Apple Valley, MN
Population 55,696 · Minnesota
About Apple Valley, MN
Apple Valley is a mid-sized city located in Minnesota with a population of 55,696 residents according to the latest US Census Bureau American Community Survey data. The median household income is $99,277 per year, which is 32% above the national median of $75,149. The median age of 37 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Apple Valley features a median home value of $354,200, which is 45% above the national median of $244,900. This positions Apple Valley in a moderately priced market relative to the rest of the country. Median monthly rent is $1,678, 44% above the national average of $1,163/month. Of the 21,905 total housing units, 73% are owner-occupied (15,662 units) and 27% are renter-occupied (5,809 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Apple Valley shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Apple Valley have an average one-way commute time of 26 minutes.
Education & Demographics
45.9% of Apple Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.6% White, 1.3% Hispanic or Latino, 0.1% Black or African American, and 3.3% Asian residents, with 12.0% of the population being foreign-born.
How Apple Valley Ranks in Minnesota
Cost of Living in Apple Valley, MN
Compared to national averages, Apple Valley has a median household income of $99,277 (32% above the national median of $75,149). Home values average $354,200, which is 45% above the national median. Monthly rent at $1,678 is 44% above the US average of $1,163. Within Minnesota, Apple Valley's income is 34% above the state average of $74,221, and home values are 73% above the state median of $204,472.
Why Live in Apple Valley, MN?
Apple Valley offers a strong local economy with a median household income of $99,277, well above the national average, and a well-educated community where 45.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Apple Valley has a population of 55,696 with a median age of 37 years. Compare Apple Valley with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Apple Valley
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Minnetonka | 53,256 | $120,496 | $456,200 | Compare |
| Edina | 53,125 | $129,225 | $624,000 | Compare |
| St. Louis Park | 49,541 | $100,250 | $371,600 | Compare |
| Eden Prairie | 63,249 | $127,732 | $463,300 | Compare |
| Coon Rapids | 63,348 | $86,618 | $287,200 | Compare |
| Burnsville | 64,295 | $83,953 | $335,100 | Compare |
| Shakopee | 45,002 | $110,989 | $361,400 | Compare |
| Mankato | 44,882 | $64,826 | $250,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Apple Valley With Other Cities
Frequently Asked Questions about Apple Valley
What is the population of Apple Valley, MN?
The population of Apple Valley, MN is 55,696 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Minnesota.
What is the median household income in Apple Valley?
The median household income in Apple Valley, MN is $99,277 per year, which is 32% above the national median of $75,149.
What is the median home value in Apple Valley?
The median home value in Apple Valley, MN is $354,200, which is 45% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Apple Valley?
The median monthly rent in Apple Valley, MN is $1,678, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Apple Valley?
The unemployment rate in Apple Valley, MN is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Apple Valley, MN a good place to live?
Apple Valley offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 55,696 and a median age of 37, the city appeals to a broad range of residents.
How educated is Apple Valley, MN?
45.9% of residents in Apple Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Apple Valley?
Key cost-of-living indicators for Apple Valley, MN: median home value is $354,200 (45% above national), median rent is $1,678/month, and median household income is $99,277. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Apple Valley?
The poverty rate in Apple Valley, MN is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Apple Valley, MN?
Apple Valley's population is 3.6% White, 1.3% Hispanic or Latino, 0.1% Black or African American, 3.3% Asian, and 10.5% two or more races. 12.0% of residents are foreign-born.