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 about Scout's Real Estate Data
With 11,166 people, 5,152 houses or apartments, and a median cost of homes of $190,553, house prices in Two Rivers are solidly below the national average.
Single-family detached homes are the single most common housing type in Two Rivers, accounting for 76.70% of the city's housing units. Other types of housing that are prevalent in Two Rivers include duplexes, homes converted to apartments or other small apartment buildings ( 11.82%), large apartment complexes or high rise apartments ( 9.56%), and a few row houses and other attached homes ( 1.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Two Rivers. Owner-occupied housing accounts for 74.67% of Two Rivers's homes, and 63.72% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Two Rivers's housing was primarily built during this period, from the '40s through the '60s. A full 40.87% of the city's housing hails from this era. Other housing ages represented in Two Rivers include homes built before 1939 ( 31.95%) and housing constructed between 1970-1999 ( 23.25%). There's also some housing in Two Rivers built between 2000 and later ( 3.93%).
Real estate appreciation rates in Two Rivers's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.
Appreciation rates are so strong in Two Rivers that despite a nationwide downturn in the housing market, Two Rivers real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Two Rivers appreciation rates continue to be some of the highest in America, at 7.75%, which is higher than appreciation rates in 82.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Two Rivers. Two Rivers appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.
Importantly, this makes Two Rivers one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Wisconsin, our data show that Two Rivers's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.
$190,553
for Wisconsin
for nation
5,152
$1,063 / per month