Friendship appreciation rates and housing market information

Friendship housing market information

With 4,262 people, 2,882 houses or apartments, and a median cost of homes of $118,438, house prices in Friendship are solidly below the national average.

single-family detached homes are the single most common housing type in Friendship, accounting for 64.09% of the town's housing units. Other types of housing that are prevalent in Friendship include mobile homes or trailers (32.65%), and a few large apartment complexes or high rise apartments (1.08%).

Dwellings in Friendship tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 62.67% of the homes in Friendship have two or fewer bedrooms.

There is a lot of housing in Friendship built from 1970-1994, 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 Friendship built from 1940-1969 (20.02%). A lesser amount of the housing stock also hails from 1995 and later (12.01%), and some were built from 1939 and earlier (12.01%).

A decent proportion of the Friendship housing stock is seasonally occupied. That is, homes and condos in Friendship are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Friendship housing market speaks to its popularity as a vacation location of choice.

Friendship home appreciation rates

Friendship's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Friendship during the period has been just 4.38%, which is lower than % of US communities.

Over the last year, Friendship appreciation rates have trailed the rest of the nation. In the last twelve months, Friendship's appreciation rate has been -2.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Friendship were at -0.47%, which equates to an annual appreciation rate of -1.88%.

Notably, Friendship's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wisconsin, our data show that Friendship's latest annual appreciation rate is higher than 13% of the other cities and towns in Wisconsin.