Friendship, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Friendship Neighborhoods Since 2000




Friendship, 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

Friendship Housing Market Information

With a population of 670, 203 total housing units (homes and apartments), and a median house value of $110,328, house prices in Friendship are solidly below the national average.

Single-family detached homes are the single most common housing type in Friendship, accounting for 70.21% of the village's housing units. Other types of housing that are prevalent in Friendship include large apartment complexes or high rise apartments ( 18.49%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), and a few mobile homes or trailers ( 3.77%).

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

There is a lot of housing in Friendship 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 Friendship built between 1940-1969 ( 31.51%). A lesser amount of the housing stock also hails from before 1939 ( 16.44%). There's also some housing in Friendship built between 2000 and later ( 8.22%).

Vacant housing appears to be an issue in Friendship. Fully 30.48% of the housing stock is classified as vacant. Left unchecked, vacant Friendship homes and apartments can be a drag on the real estate market, holding Friendship 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.

Friendship Home Appreciation Rates

Friendship's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Friendship during the period has been just -0.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Friendship's appreciation rate, at 4.98%, has been at or slightly above the national average. In the latest quarter, Friendship's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

Relative to Wisconsin, our data show that Friendship's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$110,328

Friendship, WI HOME PRICES

Value Range
> $1,066,000 0.0
$800,001 - $1,066,000 0.0
$533,001 - $800,000 0.0
$427,001 - $533,000 0.2
$320,001 - $427,000 3.4
$213,001 - $320,000 9.1
$107,001 - $213,000 38.6
$53,001 - $107,000 34.4
$0 - $53,000 14.4

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
71.2322746982304 93.9425051334702

Number Of Homes And Apartments:
203

Friendship 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
33.16% 1.67% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 51.34
Renters 48.66
Vacant 30.48

Housing Market Details

 

Age of Homes

AGE OF Friendship HOMES
2000 or Newer 8.2
1970 - 1999 43.8
1940 - 1969 31.5
1939 or Older 16.4

Types of Homes

TYPE OF Friendship HOMES
Single-Family 70.2
Townhomes 1.0
Small Apt. Buildings 6.5
Apt. Complexes 18.5
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Friendship HOMES
No Bedroom 11.64
1 Bedroom 4.11
2 Bedrooms 35.27
3 Bedrooms 37.67
4 Bedrooms 8.56
5 or more bedrooms 2.74

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Zip Codes in Friendship, WI