Fitchburg, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fitchburg Neighborhoods Since 2000




Fitchburg, 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

Fitchburg Housing Market Information

With a population of 27,996, 10,791 total housing units (homes and apartments), and a median house value of $338,888, Fitchburg house prices are not only among the most expensive in Wisconsin, Fitchburg real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Fitchburg, accounting for 43.02% of the city's housing units. Other types of housing that are prevalent in Fitchburg include large apartment complexes or high rise apartments ( 39.51%), row houses and other attached homes ( 9.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.01%).

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

There is a lot of housing in Fitchburg 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 Fitchburg built between 2000 and later ( 26.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.92%). There's also some housing in Fitchburg built before 1939 ( 4.38%).

Fitchburg Home Appreciation Rates

Appreciation rates for homes in Fitchburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.39%, which ranks in the top 50% nationwide. This equates to an annual average Fitchburg house appreciation rate of 0.33%.

NeighborhoodScout's data show that during the latest twelve months, Fitchburg's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Fitchburg's appreciation rate has been 1.02%, which annualizes to a rate of 4.15%.

Relative to Wisconsin, our data show that Fitchburg's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$338,888

Fitchburg, WI HOME PRICES

Value Range
> $1,126,000 0.2
$844,001 - $1,126,000 1.7
$563,001 - $844,000 6.7
$450,001 - $563,000 10.0
$338,001 - $450,000 16.7
$225,001 - $338,000 32.1
$113,001 - $225,000 30.6
$56,001 - $113,000 1.5
$0 - $56,000 0.6

Very High for WI
Very High for Nation

Value Relative to Nation Value Relative to State
13.031759053088 3.28542094455852

Number Of Homes And Apartments:
10,791

Fitchburg 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
42.72% 2.08% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Homeownership
Owners 47.34
Renters 52.66
Vacant 4.92

Housing Market Details

 

Age of Homes

AGE OF Fitchburg HOMES
2000 or Newer 26.9
1970 - 1999 56.8
1940 - 1969 11.9
1939 or Older 4.4

Types of Homes

TYPE OF Fitchburg HOMES
Single-Family 43.0
Townhomes 9.0
Small Apt. Buildings 8.0
Apt. Complexes 39.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Fitchburg HOMES
No Bedroom 1.28
1 Bedroom 16.54
2 Bedrooms 35.41
3 Bedrooms 28.45
4 Bedrooms 14.15
5 or more bedrooms 4.17