Beloit WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Beloit, WI Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Beloit Housing Market Information

With a population of 37,018, 1,518 total housing units (homes and apartments), and a median house value of $96,360, house prices in Beloit are some of the most affordable in Wisconsin as well as the nation.

Single-family detached homes are the single most common housing type in Beloit, accounting for 74.24% of the city's housing units. Other types of housing that are prevalent in Beloit include large apartment complexes or high rise apartments ( 13.03%), duplexes, homes converted to apartments or other small apartment buildings ( 9.00%), and a few row houses and other attached homes ( 2.70%).

The most prevalent building size and type in Beloit are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.10% owning and 38.90% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beloit's housing was primarily built during this period, from the '40s through the '60s. A full 41.03% of the city's housing hails from this era. Other housing ages represented in Beloit include homes built before 1939 ( 26.47%) and housing constructed between 1970-1999 ( 22.94%). There's also some housing in Beloit built between 2000 and later ( 9.56%).

Beloit Home Appreciation Rates

Beloit's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beloit during the period has been just 1.49%, which is lower than 70% of US communities.

Over the last year, Beloit appreciation rates have trailed the rest of the nation. In the last twelve months, Beloit's appreciation rate has been 2.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beloit were at -0.06%, which equates to an annual appreciation rate of -0.22%.

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

Relative to Wisconsin, our data show that Beloit's latest annual appreciation rate is lower than 80% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Beloit differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beloit - 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 Beloit real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$96,360

Beloit, WI HOME PRICES

Value Range
> $1,210,000 0.2
$908,001 - $1,210,000 0.0
$605,001 - $908,000 0.4
$484,001 - $605,000 0.3
$363,001 - $484,000 1.2
$242,001 - $363,000 5.5
$121,001 - $242,000 26.1
$60,001 - $121,000 50.2
$0 - $60,000 16.0

Very Low for WI
Very Low for Nation

Value Relative to Nation Value Relative to State
87.5211678832117 98.9733059548255

Number Of Homes And Apartments:
1,518

Beloit Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
35.33% 1.51%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$964 / per month

Homeownership Rate

Homeownership
Owners 61.10
Renters 38.90
Vacant 8.34

Housing Market Details

 

Age of Homes

AGE OF Beloit HOMES
2000 or Newer 9.6
1970 - 1999 22.9
1940 - 1969 41.0
1939 or Older 26.5

Types of Homes

TYPE OF Beloit HOMES
Single-Family 74.2
Townhomes 2.7
Small Apt. Buildings 9.0
Apt. Complexes 13.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Beloit HOMES
No Bedroom 1.71
1 Bedroom 10.52
2 Bedrooms 28.70
3 Bedrooms 43.36
4 Bedrooms 12.10
5 or more bedrooms 3.61