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 8,752 people, 3,931 houses or apartments, and a median cost of homes of $128,648, house prices in Thief River Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Thief River Falls, accounting for 61.58% of the city's housing units. Other types of housing that are prevalent in Thief River Falls include large apartment complexes or high rise apartments ( 17.69%), mobile homes or trailers ( 11.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.63%).
The most prevalent building size and type in Thief River Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.73% owning and 35.27% renting.
There is a lot of housing in Thief River Falls 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 Thief River Falls built between 1940-1969 ( 29.87%). A lesser amount of the housing stock also hails from before 1939 ( 24.19%). There's also some housing in Thief River Falls built between 2000 and later ( 7.78%).
In the last 10 years, Thief River Falls has experienced some of the highest home appreciation rates of any community in the nation. Thief River Falls real estate appreciated 27.04% over the last ten years, which is an average annual home appreciation rate of 2.42%, putting Thief River Falls in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Thief River Falls definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Thief River Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Thief River Falls's appreciation rate has been 0.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thief River Falls were at -0.47%, which equates to an annual appreciation rate of -1.86%.
Relative to Minnesota, our data show that Thief River Falls's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.
|$873,001 - $1,165,000||0.0|
|$582,001 - $873,000||0.3|
|$466,001 - $582,000||0.7|
|$349,001 - $466,000||1.4|
|$233,001 - $349,000||10.1|
|$117,001 - $233,000||41.2|
|$58,001 - $117,000||26.2|
|$0 - $58,000||19.7|
|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 Thief River Falls HOMES|
|2000 or Newer||7.8|
|1970 - 1999||38.2|
|1940 - 1969||29.9|
|1939 or Older||24.2|
|TYPE OF Thief River Falls HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Thief River Falls HOMES|
|5 or more bedrooms||2.14|