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 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%).
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.
$376,516
for Wisconsin
for nation
3,907
$1,633 / per month