International Falls, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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International Falls, MN 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

International Falls Housing Market Information

With 6,158 people, 2,866 houses or apartments, and a median cost of homes of $95,151, house prices in International Falls are some of the most affordable in Minnesota as well as the nation.

Single-family detached homes are the single most common housing type in International Falls, accounting for 66.64% of the city's housing units. Other types of housing that are prevalent in International Falls include large apartment complexes or high rise apartments ( 12.97%), duplexes, homes converted to apartments or other small apartment buildings ( 9.70%), and a few mobile homes or trailers ( 9.45%).

Dwellings in International Falls tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.54% of the homes in International Falls have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. International Falls's housing was primarily built during this period, from the '40s through the '60s. A full 36.79% of the city's housing hails from this era. Other housing ages represented in International Falls include homes built between 1970-1999 ( 33.40%) and housing constructed before 1939 ( 20.30%). There's also some housing in International Falls built between 2000 and later ( 9.51%).

Vacant housing appears to be an issue in International Falls. Fully 10.63% of the housing stock is classified as vacant. Left unchecked, vacant International Falls homes and apartments can be a drag on the real estate market, holding International Falls 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.

International Falls Home Appreciation Rates

Appreciation rates for homes in International Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.71%, which ranks in the top 50% nationwide. This equates to an annual average International Falls house appreciation rate of 0.17%.

Over the last year, International Falls appreciation rates have trailed the rest of the nation. In the last twelve months, International Falls's appreciation rate has been 2.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in International Falls were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that International Falls's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$95,151

International Falls, MN HOME PRICES

Value Range
> $1,058,000 0.0
$793,001 - $1,058,000 0.1
$529,001 - $793,000 0.5
$423,001 - $529,000 1.7
$317,001 - $423,000 3.1
$212,001 - $317,000 4.3
$106,001 - $212,000 32.0
$53,001 - $106,000 32.5
$0 - $53,000 26.0

Very Low for MN
Very Low for Nation

Value Relative to Nation Value Relative to State
80.663307160436 93.429158110883

Number Of Homes And Apartments:
2,866

International Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
41.39% 2.03% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$718 / per month

Homeownership Rate

Homeownership
Owners 66.47
Renters 33.53
Vacant 10.63

Housing Market Details

 

Age of Homes

AGE OF International Falls HOMES
2000 or Newer 9.5
1970 - 1999 33.4
1940 - 1969 36.8
1939 or Older 20.3

Types of Homes

TYPE OF International Falls HOMES
Single-Family 66.6
Townhomes 1.1
Small Apt. Buildings 9.7
Apt. Complexes 13.0
Mobile Homes 9.4
Other 0.2

Home Size

SIZE OF International Falls HOMES
No Bedroom 1.68
1 Bedroom 16.53
2 Bedrooms 34.33
3 Bedrooms 29.81
4 Bedrooms 12.72
5 or more bedrooms 4.93

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Zip Codes in International Falls, MN