Genoa City, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Genoa City, WI Real Estate Data


Genoa City Housing Market Information

With 3,029 people, 1,024 houses or apartments, and a median cost of homes of $199,532, Genoa City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Genoa City, accounting for 69.04% of the village's housing units. Other types of housing that are prevalent in Genoa City include row houses and other attached homes ( 22.47%), duplexes, homes converted to apartments or other small apartment buildings ( 4.89%), and a few large apartment complexes or high rise apartments ( 3.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Genoa City. Owner-occupied housing accounts for 77.58% of Genoa City's homes, and 65.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Genoa City 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 Genoa City built between 2000 and later ( 32.42%). A lesser amount of the housing stock also hails from before 1939 ( 16.47%). There's also some housing in Genoa City built between 1940-1969 ( 15.52%).

Vacant housing appears to be an issue in Genoa City. Fully 12.18% of the housing stock is classified as vacant. Left unchecked, vacant Genoa City homes and apartments can be a drag on the real estate market, holding Genoa City 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.

Genoa City Home Appreciation Rates

Genoa City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Genoa City during the period has been just -1.26%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Genoa City's appreciation rate, at 4.92%, has been at or slightly above the national average. In the latest quarter, Genoa City's appreciation rate has been 1.23%, which annualizes to a rate of 4.99%.

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

Average Home Values

 

Median Home Value:
$199,532

Genoa City, WI HOME PRICES

Value Range
> $1,088,000 2.9
$816,001 - $1,088,000 1.4
$544,001 - $816,000 2.7
$435,001 - $544,000 3.1
$326,001 - $435,000 5.5
$217,001 - $326,000 17.7
$109,001 - $217,000 52.7
$54,001 - $109,000 10.0
$0 - $54,000 4.0

High for WI
High for Nation

Value Relative to Nation Value Relative to State
33.3079580722609 31.6221765913758

Number Of Homes And Apartments:
1,024

Rent & Ownership

 

Average Market Rent:
$1,115 / per month

Homeownership Rate

Homeownership
Owners 77.58
Renters 22.42
Vacant 12.18

Housing Market Details

 

Age of Homes

AGE OF Genoa City HOMES
2000 or Newer 32.4
1970 - 1999 35.6
1940 - 1969 15.5
1939 or Older 16.5

Types of Homes

TYPE OF Genoa City HOMES
Single-Family 69.0
Townhomes 22.5
Small Apt. Buildings 4.9
Apt. Complexes 3.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Genoa City HOMES
No Bedroom 0.51
1 Bedroom 6.26
2 Bedrooms 25.64
3 Bedrooms 45.28
4 Bedrooms 20.24
5 or more bedrooms 2.06

Genoa City 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
22.13% 1.18% 3 2
* 10 is highest

Popular Neighborhoods in Genoa City

Zip Codes in Genoa City, WI