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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



River Falls, WI Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

River Falls, WI Housing Market Trends

With a population of 16,609, 3,907 total housing units (homes and apartments), and a median house value of $376,516, 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 51.20% of the city's housing units. Other types of housing that are prevalent in River Falls include large apartment complexes or high rise apartments ( 27.05%), row houses and other attached homes ( 10.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.50%).

The most prevalent building size and type in 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 43.84% owning and 56.16% renting.

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 ( 28.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.27%). There's also some housing in River Falls built before 1939 ( 15.66%).

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 6.17% during the period.

Over the last year, River Falls appreciation rates have trailed the rest of the nation. In the last twelve months, River Falls's appreciation rate has been 2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in River Falls were at 2.27%, which equates to an annual appreciation rate of 9.37%.

Relative to Wisconsin, our data show that River Falls's latest annual appreciation rate is lower than 90% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$376,516

River Falls, WI Home Prices
> $1,285,000
$964,001 - $1,285,000
$643,001 - $964,000
$514,001 - $643,000
$386,001 - $514,000
$257,001 - $386,000
$129,001 - $257,000
$65,001 - $129,000
$0 - $65,000
0.4%
0.4%
0.8%
0.8%
7.7%
7.7%
10.3%
10.3%
26.2%
26.2%
34.1%
34.1%
18.0%
18.0%
0.3%
0.3%
2.2%
2.2%
0% 100.0%
% of Homes
High

for Wisconsin

High

for nation

Number of Homes And Apartments:

3,907

River Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,633 / per month

Homeownership Rate

Owners
Renters
43.8%
43.8%
56.2%
56.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.1%
4.1%
95.9%
95.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.4%
28.4%
39.7%
39.7%
16.3%
16.3%
15.7%
15.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.2%
51.2%
10.4%
10.4%
9.5%
9.5%
27.0%
27.0%
1.9%
1.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.3%
3.3%
12.7%
12.7%
27.6%
27.6%
32.0%
32.0%
16.7%
16.7%
7.6%
7.6%
0% 100.0%
% of Homes