Apple Valley has grown up. What used to be a young-family suburb is now a metro pocket with a lot of long-tenured homeowners approaching or already in retirement, and a lot of equity to plan around. Dakota County property taxes make it especially attractive for fixed-income planning.
The Apple Valley housing market
Median home values in Apple Valley are in the mid-$300s to low-$400s, with newer construction on the south end running higher. The market is competitive but sane, well-priced homes still move quickly.
Reverse mortgages in Apple Valley
For Apple Valley homeowners who bought before 2005, current equity is often 60–80% of the home's value. A HECM line of credit is a common conversation here, used as retirement insurance rather than immediate cash.
For the statewide rules, counseling requirements and 2026 lending limits, read the Minnesota reverse mortgage guide, or see the Dakota County reverse mortgage guide. New to the program? Start with what is a reverse mortgage.
Neighborhoods
- Cobblestone Lake
- Palomino Hills
- Regatta
- Diamond Path
- Farquar Lake
- Pennock
Loan options for Apple Valley
- Reverse Mortgage (HECM)
- HECM for Purchase
- Conventional
- FHA & VA
- Refinance
Attractions & landmarks
- Minnesota Zoo
- Lebanon Hills Regional Park (nearby)
- Cobblestone Lake Park
- Kelley Park
- The Shops at Apple Valley Square
Schools
Served by ISD 196 (Rosemount-Apple Valley-Eagan), one of the largest and highest-performing districts in Minnesota, which continues to support home values.