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 5,085, 1,866 total housing units (homes and apartments), and a median house value of $318,749, Union Grove real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Union Grove, accounting for 62.15% of the village's housing units. Other types of housing that are prevalent in Union Grove include duplexes, homes converted to apartments or other small apartment buildings ( 21.21%), large apartment complexes or high rise apartments ( 14.05%), and a few row houses and other attached homes ( 1.32%).
The most prevalent building size and type in Union Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.45% owning and 44.55% renting.
There is a lot of housing in Union Grove 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 Union Grove built between 1940-1969 ( 25.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.49%). There's also some housing in Union Grove built before 1939 ( 16.44%).
Real estate appreciation rates in Union Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.54% during the period.
Appreciation rates are so strong in Union Grove that despite a nationwide downturn in the housing market, Union Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Union Grove appreciation rates continue to be some of the highest in America, at 9.56%, which is higher than appreciation rates in 94.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Union Grove. Union Grove appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.98%.
Relative to Wisconsin, our data show that Union Grove's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.
$318,749
for Wisconsin
for nation
1,866
$1,417 / per month