River Falls, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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River Falls, 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

River Falls Housing Market Information

With a population of 15,269, 5,398 total housing units (homes and apartments), and a median house value of $215,726, River Falls real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in River Falls, accounting for 45.40% of the city's housing units. Other types of housing that are prevalent in River Falls include large apartment complexes or high rise apartments ( 29.09%), row houses and other attached homes ( 17.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.00%).

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

There is a lot of housing in 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 River Falls built between 2000 and later ( 24.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.34%). There's also some housing in River Falls built before 1939 ( 11.43%).

River Falls Home Appreciation Rates

Real estate appreciation rates in River Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Appreciation rates are so strong in River Falls that despite a nationwide downturn in the housing market, River Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, River Falls appreciation rates continue to be some of the highest in America, at 5.95%, which is higher than appreciation rates in 73.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in River Falls. River Falls appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

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

Average Home Values

 

Median Home Value:
$215,726

River Falls, WI HOME PRICES

Value Range
> $1,151,000 0.1
$863,001 - $1,151,000 0.1
$576,001 - $863,000 0.4
$460,001 - $576,000 1.9
$345,001 - $460,000 7.3
$231,001 - $345,000 29.9
$115,001 - $231,000 54.8
$58,001 - $115,000 3.8
$0 - $58,000 1.8

High for WI
High for Nation

Value Relative to Nation Value Relative to State
28.5479901558655 24.6406570841889

Number Of Homes And Apartments:
5,398

River Falls 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
22.86% 1.20% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,059 / per month

Homeownership Rate

Homeownership
Owners 41.40
Renters 58.60
Vacant 5.05

Housing Market Details

 

Age of Homes

AGE OF River Falls HOMES
2000 or Newer 24.6
1970 - 1999 40.7
1940 - 1969 23.3
1939 or Older 11.4

Types of Homes

TYPE OF River Falls HOMES
Single-Family 45.4
Townhomes 17.1
Small Apt. Buildings 7.0
Apt. Complexes 29.1
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF River Falls HOMES
No Bedroom 1.50
1 Bedroom 14.12
2 Bedrooms 37.87
3 Bedrooms 30.54
4 Bedrooms 12.45
5 or more bedrooms 3.52