Belleville, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Belleville Neighborhoods Since 2000




Belleville, WI Real Estate Data


Belleville Housing Market Information

With a population of 2,425, 1,037 total housing units (homes and apartments), and a median house value of $267,349, Belleville real estate is some of the most expensive in Wisconsin, although Belleville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Belleville, accounting for 78.74% of the village's housing units. Other types of housing that are prevalent in Belleville include duplexes, homes converted to apartments or other small apartment buildings ( 7.58%), row houses and other attached homes ( 6.93%), and a few large apartment complexes or high rise apartments ( 6.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Belleville. Owner-occupied housing accounts for 75.67% of Belleville's homes, and 67.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Belleville 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 Belleville built between 2000 and later ( 24.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.58%). There's also some housing in Belleville built before 1939 ( 17.65%).

Belleville Home Appreciation Rates

Appreciation rates for homes in Belleville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.18%, which ranks in the top 50% nationwide. This equates to an annual average Belleville house appreciation rate of 0.41%.

Appreciation rates are so strong in Belleville that despite a nationwide downturn in the housing market, Belleville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belleville appreciation rates continue to be some of the highest in America, at 7.07%, which is higher than appreciation rates in 85.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belleville. Belleville appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.70%.

Relative to Wisconsin, our data show that Belleville's latest annual appreciation rate is higher than 90% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$267,349

Belleville, WI HOME PRICES

Value Range
> $1,142,000 1.5
$856,001 - $1,142,000 2.4
$571,001 - $856,000 4.7
$456,001 - $571,000 5.5
$343,001 - $456,000 13.6
$229,001 - $343,000 26.3
$114,001 - $229,000 40.0
$57,001 - $114,000 3.9
$0 - $57,000 2.0

Very High for WI
High for Nation

Value Relative to Nation Value Relative to State
20.6359430813375 11.088295687885

Number Of Homes And Apartments:
1,037

Rent & Ownership

 

Average Market Rent:
$982 / per month

Homeownership Rate

Homeownership
Owners 75.67
Renters 24.33
Vacant 4.16

Housing Market Details

 

Age of Homes

AGE OF Belleville HOMES
2000 or Newer 24.8
1970 - 1999 39.0
1940 - 1969 18.6
1939 or Older 17.7

Types of Homes

TYPE OF Belleville HOMES
Single-Family 78.7
Townhomes 6.9
Small Apt. Buildings 7.6
Apt. Complexes 6.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Belleville HOMES
No Bedroom 0.00
1 Bedroom 3.70
2 Bedrooms 25.23
3 Bedrooms 53.33
4 Bedrooms 13.96
5 or more bedrooms 3.79

Belleville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.68% 2.28% 9 6
* 10 is highest