Presque Isle appreciation rates and housing market information

Presque Isle housing market information

With 857 people, 3,184 houses or apartments, and a median cost of homes of $264,548, Presque Isle real estate is some of the most expensive in Wisconsin, although Presque Isle home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Presque Isle, accounting for 94.00% of the town's housing units. Other types of housing that are prevalent in Presque Isle include mobile homes or trailers (4.37%), large apartment complexes or high rise apartments (0.60%), and a few row houses and other attached homes (0.50%).

Dwellings in Presque Isle tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 51.57% of the homes in Presque Isle have two or fewer bedrooms.

There is a lot of housing in Presque Isle 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 Presque Isle built from 1940-1969 (30.31%). A lesser amount of the housing stock also hails from 1995 and later (17.46%), and some were built from 1939 and earlier (17.46%).

A decent proportion of the Presque Isle housing stock is seasonally occupied. That is, homes and condos in Presque Isle 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 Presque Isle housing market speaks to its popularity as a vacation location of choice.

Presque Isle home appreciation rates

Appreciation rates for homes in Presque Isle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.62%, which ranks in the top 20% nationwide. This equates to an annual average Presque Isle house appreciation rate of 10.66%.

Appreciation rates are so strong in Presque Isle that despite a nationwide downturn in the housing market, Presque Isle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Presque Isle appreciation rates continue to be some of the highest in America, at 4.04%, which is higher than appreciation rates in 84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Presque Isle. Presque Isle appreciation rates in the latest quarter were at 1.09%, which equates to an annual appreciation rate of 4.36%.

Relative to Wisconsin, our data show that Presque Isle's latest annual appreciation rate is higher than 99% of the other cities and towns in Wisconsin.