Meta's $800M Data Center and What It Means for Rosemount MN Real Estate

ROSEMOUNT, MN: Meta, the tech giant formerly known as Facebook, has announced plans to invest a whopping $800 million into building a state-of-the-art data center right here in Rosemount, MN by 2026!

meta data center in rosemount mn

Hey there, Rosemount neighbors and future residents! 🏡

This ambitious project represents a significant investment in the area and is poised to have a profound impact on the local real estate market.

The Meta Data Center is anticipated to create jobs, attract more investments and boost the local infrastructure.

Let's dive into what this means for Rosemount community and why now might be the perfect time to consider looking at homes for sale in Rosemount, MN.

Location of Meta’s Data Center

The new campus will be sitting on 280 acres of land in the University of Minnesota Outreach, Research and Education Park, near the Dakota County Technical College. It is also known as UMore Park.

The center, expected to be a hub for technological innovation and digital infrastructure, will not only elevate Rosemount's profile on a national scale but also inject vitality into its economy and community.

Boost to the Local Economy

The construction and operation of Meta's data center are expected to create hundreds of jobs, from temporary construction gigs to long term high-tech positions managing the center. This influx of employment opportunities is great news for Rosemount’s economy, making Rosemount an even more attractive place to live and work. For homeowners and prospective buyers, this means a potentially stronger local economy, more vibrant community life, and, importantly, increased demand for housing.

This influx of new residents and activity in the area will likely increase demand for housing, accelerating the local real estate market's growth. The project underscores Rosemount's appeal as a prime location for both living and investing, characterized by its strategic positioning and community readiness to support such a large-scale operation.

Rosemount MN Real Estate Implications

Now, let's talk real estate. Of course, we can’t make any predictions but we can make our guess.

For Home Sellers in Rosemount, MN

The announcement of a new Meta campus has a magnetic effect on anticipated increase of Rosemount MN home values. With more people moving to the area for job opportunities, we're likely to see at least a short-term uptick in demand for housing in Rosemount, MN. We will see demand pick up both for rental homes and homes for sale. This is fantastic news if you're thinking of selling your home in Rosemount MN in the near future. 

However, if you do more research on data centers, you will find that they do not require a huge personnel to service them. We might see a short term uptick in housing demand (especially rental homes in Rosemount) but it would level out over time as short term construction workforce leaves the area. 

Nevertheless, it is expected to see other players come into to the area. Kind of like a Starbucks effect. You put 1 Starbucks into an empty strip mall, the vacant spaces get leased quick. 

For Home Buyers in Rosemount, MN

For those considering buying a home, acting sooner rather than later could be a wise move. Not only do real estate values go up over time but we also know that housing market is highly dependent on supply and demand. More demand means less house. Less housing means higher prices.

Add in lower interest rate, grants, downpayment programs and any other incentives to buy in a certain area, housing supply would naturally go down as builders will not keep up with demand. We are keeping an eye on Rosemount to see if any Down Payment Assistance Programs become available. 

We don't exactly know which way it's going to go but it is expected to attract more investment into the area making Rosemount, MN more desirable. We stay on the optimistic side thinking that in general, Twin Cities housing prices will go up over the long term.

We recently noticed a trend in the Twin Cities area and that local governments are investing in and providing incentives for various high tech projects and developments. You might have heard that just on the other side of the Cities, there a project called "Minnesota Technology Corridor". You might have heard about it on the news but we certainly haven't seen a whole lot of buzz about it yet. 

The Minnesota Technology Corridor area consists of the cities of Centerville, Columbus, Forest Lake, Hugo and Lino Lakes, Minnesota. Read more about the tech corridor here.

New Construction Homes in Rosemount vs Pre-Owned

At time of writing this article, Rosemount MN has a lot more new construction homes for sale than pre-owned. Currently, there are 84 new construction townhomes and homes for sale in Rosemount and 30 pre-owned homes. Home builders are expected to benefit the most as demand increases.

Why Rosemount?

You might be wondering, why Rosemount, MN? Well, Rosemount offers the perfect blend of easy access to infrastructure and renewable energy, ample space for such a large-scale project, strong talent pool and collaborative community partners which made it a perfect pick.

What This Means for You

Reading the comments online, we can definitely tell that there are mixed emotions about this Meta campus. Some love it, and some folks are 100% against it. 

But it is certain that Rosemount Meta Campus will eventually generate millions in local tax revenue which will be invested in the city of Rosemount, Dakota County and the Rosemount-Apple Valley-Eagan school district, according Rosemount Mayor Jeff Weisensel. 

It is also worthy or mention that the data center will be entirely powered by renewable energy.

For anyone considering making a move or investing in Rosemount, MN, the message is clear: there's never been a better time. With Meta's data center on the horizon, we're not just talking about homes; we're talking about becoming part of a rapidly evolving community at the forefront of technological advancement.

Let's Connect

As your local real estate expert, I'm here to help you navigate this exciting landscape. Whether you're selling, buying, or just curious about what this development means for you, let's chat. Rosemount is on the cusp of growing and evolving as a competing suburbs of the Twin Cities, and I'd love to help you be a part of it.

Remember, investing in real estate is not just about buying a property; it's about investing in your future and the future of the community. 

Ready to explore homes for sale in Rosemount, MN, or have questions about the local real estate market? Reach out to me anytime.

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