Pine River appreciation rates and housing market information

Pine River housing market information

With 3,878 people, 4,129 houses or apartments, and a median cost of homes of $205,101, Pine River real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Pine River, accounting for 82.13% of the town's housing units. Other types of housing that are prevalent in Pine River include mobile homes or trailers (9.08%), large apartment complexes or high rise apartments (5.30%), row houses and other attached homes (1.96%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.26%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pine River. Owner-occupied housing accounts for 49.75% of Pine River's homes, and 54.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pine River built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pine River built from 1940-1969 (26.04%). A lesser amount of the housing stock also hails from 1995 and later (17.41%), and some were built from 1939 and earlier (17.41%).

Pine River home appreciation rates

In the last 10 years, Pine River has experienced some of the highest home appreciation rates of any community in the nation. Pine River real estate appreciated 164.15% over the last ten years, which is an average annual home appreciation rate of 16.41%, putting Pine River in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pine River definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Pine River that despite a nationwide downturn in the housing market, Pine River real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pine River appreciation rates continue to be some of the highest in America, at 8.15%, which is higher than appreciation rates in 98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pine River. Pine River appreciation rates in the latest quarter were at 3.23%, which equates to an annual appreciation rate of 12.92%.

Importantly, this makes Pine River one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Minnesota, our data show that Pine River's latest annual appreciation rate is higher than 99% of the other cities and towns in Minnesota.