Crandon, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crandon, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Crandon Housing Market Information

With a population of 1,863, 779 total housing units (homes and apartments), and a median house value of $145,057, Crandon 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 Crandon, accounting for 70.84% of the city's housing units. Other types of housing that are prevalent in Crandon include large apartment complexes or high rise apartments ( 18.26%), duplexes, homes converted to apartments or other small apartment buildings ( 8.17%), and a few mobile homes or trailers ( 1.92%).

The most prevalent building size and type in Crandon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.31% owning and 41.69% renting.

There is a lot of housing in Crandon 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 Crandon built before 1939 ( 32.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.37%). There's also some housing in Crandon built between 2000 and later ( 7.27%).

Vacant housing appears to be an issue in Crandon. Fully 21.39% of the housing stock is classified as vacant. Left unchecked, vacant Crandon homes and apartments can be a drag on the real estate market, holding Crandon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Crandon Home Appreciation Rates

Appreciation rates for homes in Crandon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.48%, which ranks in the top 40% nationwide. This equates to an annual average Crandon house appreciation rate of 0.44%.

NeighborhoodScout's data show that during the latest twelve months, Crandon's appreciation rate, at 4.21%, has been at or slightly above the national average. In the latest quarter, Crandon's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

Relative to Wisconsin, our data show that Crandon's latest annual appreciation rate is higher than 50% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$145,057

Crandon, WI HOME PRICES

Value Range
> $1,097,000 0.3
$822,001 - $1,097,000 0.5
$548,001 - $822,000 1.5
$439,001 - $548,000 1.0
$329,001 - $439,000 4.6
$220,001 - $329,000 15.2
$110,001 - $220,000 43.8
$55,001 - $110,000 24.0
$0 - $55,000 9.0

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
52.1446150240244 72.2792607802875

Number Of Homes And Apartments:
779

Crandon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.74% 2.08% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$544 / per month

Homeownership Rate

Homeownership
Owners 58.31
Renters 41.69
Vacant 21.39

Housing Market Details

 

Age of Homes

AGE OF Crandon HOMES
2000 or Newer 7.3
1970 - 1999 41.2
1940 - 1969 19.4
1939 or Older 32.2

Types of Homes

TYPE OF Crandon HOMES
Single-Family 70.8
Townhomes 0.8
Small Apt. Buildings 8.2
Apt. Complexes 18.3
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Crandon HOMES
No Bedroom 4.04
1 Bedroom 15.34
2 Bedrooms 26.44
3 Bedrooms 37.64
4 Bedrooms 13.52
5 or more bedrooms 3.03

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Zip Codes in Crandon, WI