Elkhorn, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Elkhorn, 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

Elkhorn Housing Market Information

With a population of 9,895, 4,003 total housing units (homes and apartments), and a median house value of $171,273, Elkhorn 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 Elkhorn, accounting for 57.81% of the city's housing units. Other types of housing that are prevalent in Elkhorn include large apartment complexes or high rise apartments ( 25.23%), row houses and other attached homes ( 7.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.39%).

The most prevalent building size and type in Elkhorn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.75% owning and 41.25% renting.

There is a lot of housing in Elkhorn 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 Elkhorn built between 2000 and later ( 26.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.59%). There's also some housing in Elkhorn built before 1939 ( 15.26%).

Elkhorn Home Appreciation Rates

Elkhorn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elkhorn during the period has been just -1.44%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Elkhorn's appreciation rate, at 5.07%, has been at or slightly above the national average. In the latest quarter, Elkhorn's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

Relative to Wisconsin, our data show that Elkhorn's latest annual appreciation rate is higher than 60% 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 Elkhorn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elkhorn - 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 Elkhorn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,273

Elkhorn, WI HOME PRICES

Value Range
> $1,092,000 0.4
$819,001 - $1,092,000 0.1
$546,001 - $819,000 1.5
$437,001 - $546,000 0.9
$328,001 - $437,000 3.5
$218,001 - $328,000 21.3
$109,001 - $218,000 60.2
$55,001 - $109,000 5.3
$0 - $55,000 6.8

Average for WI
Average for Nation

Value Relative to Nation Value Relative to State
41.1930153521622 49.2813141683778

Number Of Homes And Apartments:
4,003

Elkhorn 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
20.38% 1.08% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$964 / per month

Homeownership Rate

Homeownership
Owners 58.75
Renters 41.25
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Elkhorn HOMES
2000 or Newer 26.0
1970 - 1999 40.1
1940 - 1969 18.6
1939 or Older 15.3

Types of Homes

TYPE OF Elkhorn HOMES
Single-Family 57.8
Townhomes 7.7
Small Apt. Buildings 7.4
Apt. Complexes 25.2
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Elkhorn HOMES
No Bedroom 3.32
1 Bedroom 7.82
2 Bedrooms 36.15
3 Bedrooms 35.77
4 Bedrooms 14.61
5 or more bedrooms 2.32