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POST FALLS HOUSING MARKET INFORMATION
With a population of 33,290, 11,875 total housing units (homes and apartments), and a median house value of $231,048, Post 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 Post Falls, accounting for 77.81% of the city’s housing units. Other types of housing that are prevalent in Post Falls include large apartment complexes or high rise apartments ( 8.68%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few mobile homes or trailers ( 5.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Post Falls. Owner-occupied housing accounts for 71.69% of Post Falls’s homes, and 71.91% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Post 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 Post Falls built between 2000 and later ( 42.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.54%). There’s also some housing in Post Falls built before 1939 ( 1.16%).
POST FALLS HOME APPRECIATION RATES
Appreciation rates for homes in Post Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 21.85%, which ranks in the top 40% nationwide. This equates to an annual average Post Falls house appreciation rate of 2.00%.
Appreciation rates are so strong in Post Falls that despite a nationwide downturn in the housing market, Post Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Post Falls appreciation rates continue to be some of the highest in America, at 11.91%, which is higher than appreciation rates in 95.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Post Falls. Post Falls appreciation rates in the latest quarter were at 0.40%, which equates to an annual appreciation rate of 1.59%.
Relative to Idaho, our data show that Post Falls’s latest annual appreciation rate is higher than 70% of the other cities and towns in Idaho.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Post Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Post Falls – or in any city or town – that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Post Falls real estate investment or home purchase decisions.
Information provided by: https://www.neighborhoodscout.com/id/post-falls/real-estate