Priest River, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Priest River Neighborhoods Since 2000




Priest River, ID Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Priest River Housing Market Information

With 1,758 people, 674 houses or apartments, and a median cost of homes of $165,457, Priest River 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 Priest River, accounting for 73.66% of the city's housing units. Other types of housing that are prevalent in Priest River include mobile homes or trailers ( 12.98%), duplexes, homes converted to apartments or other small apartment buildings ( 7.00%), and a few large apartment complexes or high rise apartments ( 5.22%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Priest River. Owner-occupied housing accounts for 66.67% of Priest River's homes, and 50.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Priest River 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 Priest River built between 1940-1969 ( 29.52%). A lesser amount of the housing stock also hails from before 1939 ( 14.89%). There's also some housing in Priest River built between 2000 and later ( 6.11%).

Vacant housing appears to be an issue in Priest River. Fully 14.25% of the housing stock is classified as vacant. Left unchecked, vacant Priest River homes and apartments can be a drag on the real estate market, holding Priest River 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.

Priest River Home Appreciation Rates

Priest River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Priest River during the period has been just -1.52%, which is lower than 80% of US communities.

Over the last year, Priest River appreciation rates have trailed the rest of the nation. In the last twelve months, Priest River's appreciation rate has been -4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Priest River were at 0.51%, which equates to an annual appreciation rate of 2.04%.

Relative to Idaho, our data show that Priest River's latest annual appreciation rate is lower than 90% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$165,457

Priest River, ID HOME PRICES

Value Range
> $1,116,000 0.6
$837,001 - $1,116,000 0.0
$558,001 - $837,000 0.2
$446,001 - $558,000 0.8
$335,001 - $446,000 5.1
$223,001 - $335,000 17.9
$111,001 - $223,000 45.5
$56,001 - $111,000 17.8
$0 - $56,000 12.1

Low for ID
Average for Nation

Value Relative to Nation Value Relative to State
43.4489628501113 65.0406504065041

Number Of Homes And Apartments:
674

Priest River Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.25% 2.47% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$908 / per month

Homeownership Rate

Homeownership
Owners 66.67
Renters 33.33
Vacant 14.25

Housing Market Details

 

Age of Homes

AGE OF Priest River HOMES
2000 or Newer 6.1
1970 - 1999 49.5
1940 - 1969 29.5
1939 or Older 14.9

Types of Homes

TYPE OF Priest River HOMES
Single-Family 73.7
Townhomes 1.1
Small Apt. Buildings 7.0
Apt. Complexes 5.2
Mobile Homes 13.0
Other 0.0

Home Size

SIZE OF Priest River HOMES
No Bedroom 0.00
1 Bedroom 7.25
2 Bedrooms 34.61
3 Bedrooms 38.17
4 Bedrooms 12.47
5 or more bedrooms 7.51

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Zip Codes in Priest River, ID