Remer, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Remer Neighborhoods Since 2000




Remer, 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

Remer Housing Market Information

With a population of 362, 188 total housing units (homes and apartments), and a median house value of $175,635, Remer real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Remer, accounting for 64.89% of the city's housing units. Other types of housing that are prevalent in Remer include mobile homes or trailers ( 12.44%), large apartment complexes or high rise apartments ( 11.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.78%).

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 ( 38.67%). A lesser amount of the housing stock also hails from before 1939 ( 12.00%). There's also some housing in Remer built between 2000 and later ( 8.44%).

Vacant housing appears to be an issue in Remer. Fully 16.44% 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

Appreciation rates for homes in Remer have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.69%, which ranks in the top 40% nationwide. This equates to an annual average Remer house appreciation rate of 0.65%.

NeighborhoodScout's data show that during the latest twelve months, Remer's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, Remer's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

Relative to Minnesota, our data show that Remer's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$175,635

Remer, MN HOME PRICES

Value Range
> $1,112,000 0.7
$834,001 - $1,112,000 1.3
$556,001 - $834,000 1.9
$445,001 - $556,000 4.0
$334,001 - $445,000 7.3
$223,001 - $334,000 20.9
$112,001 - $223,000 35.2
$56,001 - $112,000 17.3
$0 - $56,000 11.4

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
39.7046759639048 52.9774127310062

Number Of Homes And Apartments:
188

Remer 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
72.63% 3.22% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$725 / per month

Homeownership Rate

Homeownership
Owners 60.64
Renters 39.36
Vacant 16.44

Housing Market Details

 

Age of Homes

AGE OF Remer HOMES
2000 or Newer 8.4
1970 - 1999 40.9
1940 - 1969 38.7
1939 or Older 12.0

Types of Homes

TYPE OF Remer HOMES
Single-Family 64.9
Townhomes 1.3
Small Apt. Buildings 9.8
Apt. Complexes 11.6
Mobile Homes 12.4
Other 0.0

Home Size

SIZE OF Remer HOMES
No Bedroom 0.00
1 Bedroom 16.89
2 Bedrooms 39.56
3 Bedrooms 31.11
4 Bedrooms 12.00
5 or more bedrooms 0.44

Popular Neighborhoods in Remer

Popular Communities Near Remer, MN

Zip Codes in Remer, MN