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 1,604, 735 total housing units (homes and apartments), and a median house value of $412,310, 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 50.62% of the city's housing units. Other types of housing that are prevalent in Eagle River include large apartment complexes or high rise apartments ( 23.40%), duplexes, homes converted to apartments or other small apartment buildings ( 14.22%), and a few row houses and other attached homes ( 9.85%).
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 2000 and later ( 25.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.52%). There's also some housing in Eagle River built before 1939 ( 15.01%).
Vacant housing appears to be an issue in Eagle River. Fully 17.69% 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.
Appreciation rates for homes in Eagle River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.35%, which ranks in the top 40% nationwide. This equates to an annual average Eagle River house appreciation rate of 7.20%.
Appreciation rates are so strong in Eagle River that despite a nationwide downturn in the housing market, Eagle River real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eagle River appreciation rates continue to be some of the highest in America, at 10.73%, which is higher than appreciation rates in 90.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eagle River. Eagle River appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that Eagle River's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.
$412,310
for Wisconsin
for nation
735
$1,256 / per month