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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF International Falls HOMES|
|2000 or Newer||9.5|
|1970 - 1999||33.4|
|1940 - 1969||36.8|
|1939 or Older||20.3|
|TYPE OF International Falls HOMES|
|Small Apt. Buildings||9.7|
|SIZE OF International Falls HOMES|
|5 or more bedrooms||4.93|