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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Remer, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Remer, MN Housing Market Trends

With 401 people, 161 houses or apartments, and a median cost of homes of $258,661, Remer real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Remer, accounting for 70.72% of the city's housing units. Other types of housing that are prevalent in Remer include large apartment complexes or high rise apartments ( 23.76%), mobile homes or trailers ( 3.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.66%).

People in Remer primarily live in small (one, two or no bedroom) single-family detached homes. Remer has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Remer built from 1970 to 1999 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 Remer built between 1940-1969 ( 28.73%). A lesser amount of the housing stock also hails from before 1939 ( 18.23%). There's also some housing in Remer built between 2000 and later ( 7.18%).

Vacant housing appears to be an issue in Remer. Fully 11.05% of the housing stock is classified as vacant. Left unchecked, vacant Remer homes and apartments can be a drag on the real estate market, holding Remer real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Remer Home Appreciation Rates

Real estate appreciation rates in Remer's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.

Over the last year, Remer appreciation rates have trailed the rest of the nation. In the last twelve months, Remer's appreciation rate has been 3.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Remer were at -0.63%, which equates to an annual appreciation rate of -2.49%.

Notably, Remer's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Minnesota, our data show that Remer's latest annual appreciation rate is lower than 50% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$258,661

Remer, MN Home Prices
> $1,266,000
$949,001 - $1,266,000
$633,001 - $949,000
$506,001 - $633,000
$379,001 - $506,000
$253,001 - $379,000
$126,001 - $253,000
$63,001 - $126,000
$0 - $63,000
2.2%
2.2%
1.2%
1.2%
4.9%
4.9%
9.0%
9.0%
11.4%
11.4%
22.1%
22.1%
33.3%
33.3%
11.2%
11.2%
4.8%
4.8%
0% 100.0%
% of Homes
Low

for Minnesota

Average

for nation

Number of Homes And Apartments:

161

Remer Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,061 / per month

Homeownership Rate

Owners
Renters
59.7%
59.7%
40.3%
40.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.0%
11.0%
89.0%
89.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.2%
7.2%
45.9%
45.9%
28.7%
28.7%
18.2%
18.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.7%
70.7%
0.0%
0.0%
1.7%
1.7%
23.8%
23.8%
3.9%
3.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
18.2%
18.2%
35.9%
35.9%
27.6%
27.6%
14.4%
14.4%
3.3%
3.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Remer

Popular Communities Near Remer, MN

Zip Codes in Remer, MN