Pierz, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pierz Neighborhoods Since 2000




Pierz, 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

Pierz Housing Market Information

With 1,362 people, 573 houses or apartments, and a median cost of homes of $182,148, Pierz real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pierz, accounting for 67.75% of the city's housing units. Other types of housing that are prevalent in Pierz include large apartment complexes or high rise apartments ( 18.96%), duplexes, homes converted to apartments or other small apartment buildings ( 5.19%), and a few mobile homes or trailers ( 4.70%).

The most prevalent building size and type in Pierz are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.99% owning and 40.01% renting.

There is a lot of housing in Pierz 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 Pierz built between 2000 and later ( 20.26%). A lesser amount of the housing stock also hails from before 1939 ( 19.29%). There's also some housing in Pierz built between 1940-1969 ( 17.67%).

Pierz Home Appreciation Rates

Real estate appreciation rates in Pierz's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pierz's appreciation rate, at 4.52%, has been at or slightly above the national average. In the latest quarter, Pierz's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

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

Average Home Values

 

Median Home Value:
$182,148

Pierz, MN HOME PRICES

Value Range
> $1,097,000 0.7
$823,001 - $1,097,000 0.5
$549,001 - $823,000 1.2
$439,001 - $549,000 2.5
$329,001 - $439,000 5.6
$220,001 - $329,000 24.6
$110,001 - $220,000 43.6
$55,001 - $110,000 16.4
$0 - $55,000 4.9

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
37.4370092581742 48.0492813141684

Number Of Homes And Apartments:
573

Pierz 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
40.99% 2.01% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$825 / per month

Homeownership Rate

Homeownership
Owners 59.99
Renters 40.01
Vacant 7.13

Housing Market Details

 

Age of Homes

AGE OF Pierz HOMES
2000 or Newer 20.3
1970 - 1999 42.8
1940 - 1969 17.7
1939 or Older 19.3

Types of Homes

TYPE OF Pierz HOMES
Single-Family 67.7
Townhomes 3.4
Small Apt. Buildings 5.2
Apt. Complexes 19.0
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Pierz HOMES
No Bedroom 3.73
1 Bedroom 12.48
2 Bedrooms 20.91
3 Bedrooms 37.76
4 Bedrooms 20.26
5 or more bedrooms 4.86

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Zip Codes in Pierz, MN