Eagle River, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eagle River, WI 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

Eagle River Housing Market Information

With 1,363 people, 814 houses or apartments, and a median cost of homes of $193,306, Eagle River real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Eagle River, accounting for 51.35% of the city's housing units. Other types of housing that are prevalent in Eagle River include duplexes, homes converted to apartments or other small apartment buildings ( 23.08%), large apartment complexes or high rise apartments ( 21.08%), and a few row houses and other attached homes ( 4.50%).

People in Eagle River primarily live in small (one, two or no bedroom) single-family detached homes. Eagle River has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Eagle River 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 Eagle River built between 1940-1969 ( 23.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.08%). There's also some housing in Eagle River built before 1939 ( 16.08%).

Vacant housing appears to be an issue in Eagle River. Fully 18.68% of the housing stock is classified as vacant. Left unchecked, vacant Eagle River homes and apartments can be a drag on the real estate market, holding Eagle River 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.

Eagle River Home Appreciation Rates

Eagle River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eagle River during the period has been just -1.53%, which is lower than 80% of US communities.

Over the last year, Eagle River appreciation rates have trailed the rest of the nation. In the last twelve months, Eagle River's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eagle River were at 0.52%, which equates to an annual appreciation rate of 2.09%.

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

Average Home Values

 

Median Home Value:
$193,306

Eagle River, WI HOME PRICES

Value Range
> $1,021,000 1.0
$765,001 - $1,021,000 0.9
$510,001 - $765,000 2.9
$408,001 - $510,000 5.1
$306,001 - $408,000 13.2
$204,001 - $306,000 23.2
$102,001 - $204,000 39.6
$51,001 - $102,000 10.0
$0 - $51,000 3.9

High for WI
High for Nation

Value Relative to Nation Value Relative to State
33.9446853392711 33.6755646817248

Number Of Homes And Apartments:
814

Eagle River Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
28.27% 1.45% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$818 / per month

Homeownership Rate

Homeownership
Owners 37.07
Renters 62.93
Vacant 18.68

Housing Market Details

 

Age of Homes

AGE OF Eagle River HOMES
2000 or Newer 20.1
1970 - 1999 40.2
1940 - 1969 23.7
1939 or Older 16.1

Types of Homes

TYPE OF Eagle River HOMES
Single-Family 51.3
Townhomes 4.5
Small Apt. Buildings 23.1
Apt. Complexes 21.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Eagle River HOMES
No Bedroom 1.90
1 Bedroom 12.99
2 Bedrooms 46.05
3 Bedrooms 25.17
4 Bedrooms 9.59
5 or more bedrooms 4.30

Popular Neighborhoods in Eagle River

Zip Codes in Eagle River, WI