Chippewa Falls, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chippewa Falls, WI Real Estate Data


Chippewa Falls Housing Market Information

With a population of 14,047, 6,240 total housing units (homes and apartments), and a median house value of $147,147, Chippewa Falls real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Chippewa Falls, accounting for 52.97% of the city's housing units. Other types of housing that are prevalent in Chippewa Falls include large apartment complexes or high rise apartments ( 21.99%), duplexes, homes converted to apartments or other small apartment buildings ( 18.01%), and a few row houses and other attached homes ( 4.85%).

People in Chippewa Falls primarily live in small (one, two or no bedroom) single-family detached homes. Chippewa Falls has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Chippewa Falls 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 Chippewa Falls built before 1939 ( 32.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.37%). There's also some housing in Chippewa Falls built between 2000 and later ( 8.68%).

Chippewa Falls Home Appreciation Rates

Appreciation rates for homes in Chippewa Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.50%, which ranks in the top 40% nationwide. This equates to an annual average Chippewa Falls house appreciation rate of 0.73%.

Appreciation rates are so strong in Chippewa Falls that despite a nationwide downturn in the housing market, Chippewa Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chippewa Falls appreciation rates continue to be some of the highest in America, at 6.58%, which is higher than appreciation rates in 80.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chippewa Falls. Chippewa Falls appreciation rates in the latest quarter were at 4.93%, which equates to an annual appreciation rate of 21.21%.

Importantly, this makes Chippewa Falls one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$147,147

Chippewa Falls, WI HOME PRICES

Value Range
> $1,129,000 0.1
$847,001 - $1,129,000 1.2
$565,001 - $847,000 1.1
$452,001 - $565,000 0.9
$339,001 - $452,000 1.5
$226,001 - $339,000 14.2
$113,001 - $226,000 49.5
$57,001 - $113,000 24.7
$0 - $57,000 6.8

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
52.216431457516 69.8151950718686

Number Of Homes And Apartments:
6,240

Rent & Ownership

 

Average Market Rent:
$833 / per month

Homeownership Rate

Homeownership
Owners 51.02
Renters 48.98
Vacant 7.42

Housing Market Details

 

Age of Homes

AGE OF Chippewa Falls HOMES
2000 or Newer 8.7
1970 - 1999 36.1
1940 - 1969 22.4
1939 or Older 32.8

Types of Homes

TYPE OF Chippewa Falls HOMES
Single-Family 53.0
Townhomes 4.9
Small Apt. Buildings 18.0
Apt. Complexes 22.0
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Chippewa Falls HOMES
No Bedroom 3.10
1 Bedroom 17.48
2 Bedrooms 32.61
3 Bedrooms 33.38
4 Bedrooms 10.25
5 or more bedrooms 3.18

Chippewa Falls 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
37.64% 1.90% 7 4
* 10 is highest

Popular Neighborhoods in Chippewa Falls

Zip Codes in Chippewa Falls, WI