Genoa City, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Genoa City, 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

Genoa City Housing Market Information

With 3,029 people, 1,012 houses or apartments, and a median cost of homes of $197,449, 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 71.81% of the village's housing units. Other types of housing that are prevalent in Genoa City include row houses and other attached homes ( 19.50%), duplexes, homes converted to apartments or other small apartment buildings ( 6.12%), and a few large apartment complexes or high rise apartments ( 2.57%).

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 74.85% of Genoa City's homes, and 65.51% 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 ( 32.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.67%). There's also some housing in Genoa City built before 1939 ( 16.22%).

Vacant housing appears to be an issue in Genoa City. Fully 10.28% 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 -1.77%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Genoa City's appreciation rate, at 4.16%, has been at or slightly above the national average. In the latest quarter, Genoa City's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

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:
$197,449

Genoa City, WI HOME PRICES

Value Range
> $1,100,000 2.4
$824,001 - $1,100,000 0.4
$550,001 - $824,000 3.2
$440,001 - $550,000 3.2
$330,001 - $440,000 5.2
$220,001 - $330,000 18.8
$110,001 - $220,000 48.7
$55,001 - $110,000 13.9
$0 - $55,000 4.2

High for WI
High for Nation

Value Relative to Nation Value Relative to State
32.8899566389312 31.6221765913758

Number Of Homes And Apartments:
1,012

Genoa City 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
22.20% 1.17% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,064 / per month

Homeownership Rate

Homeownership
Owners 74.85
Renters 25.15
Vacant 10.28

Housing Market Details

 

Age of Homes

AGE OF Genoa City HOMES
2000 or Newer 32.2
1970 - 1999 34.9
1940 - 1969 16.7
1939 or Older 16.2

Types of Homes

TYPE OF Genoa City HOMES
Single-Family 71.8
Townhomes 19.5
Small Apt. Buildings 6.1
Apt. Complexes 2.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Genoa City HOMES
No Bedroom 1.51
1 Bedroom 6.83
2 Bedrooms 23.94
3 Bedrooms 47.70
4 Bedrooms 17.82
5 or more bedrooms 2.22

Popular Neighborhoods in Genoa City

Zip Codes in Genoa City, WI