Lake Geneva, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lake Geneva, 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

Lake Geneva Housing Market Information

With a population of 7,778, 3,210 total housing units (homes and apartments), and a median house value of $218,513, Lake Geneva real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Geneva, accounting for 54.36% of the city's housing units. Other types of housing that are prevalent in Lake Geneva include large apartment complexes or high rise apartments ( 26.84%), duplexes, homes converted to apartments or other small apartment buildings ( 11.57%), and a few row houses and other attached homes ( 5.67%).

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

There is a lot of housing in Lake Geneva 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 Lake Geneva built between 1940-1969 ( 22.23%). A lesser amount of the housing stock also hails from before 1939 ( 17.91%). There's also some housing in Lake Geneva built between 2000 and later ( 14.02%).

Vacant housing appears to be an issue in Lake Geneva. Fully 22.93% of the housing stock is classified as vacant. Left unchecked, vacant Lake Geneva homes and apartments can be a drag on the real estate market, holding Lake Geneva 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.

Lake Geneva Home Appreciation Rates

Lake Geneva's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Geneva during the period has been just -1.35%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lake Geneva's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, Lake Geneva's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

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

Average Home Values

 

Median Home Value:
$218,513

Lake Geneva, WI HOME PRICES

Value Range
> $1,078,000 3.0
$808,001 - $1,078,000 2.8
$539,001 - $808,000 4.6
$431,001 - $539,000 2.7
$323,001 - $431,000 10.8
$215,001 - $323,000 24.2
$108,001 - $215,000 44.5
$54,001 - $108,000 2.7
$0 - $54,000 4.6

High for WI
High for Nation

Value Relative to Nation Value Relative to State
27.9737489745693 23.4086242299795

Number Of Homes And Apartments:
3,210

Lake Geneva 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
32.35% 1.64% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$876 / per month

Homeownership Rate

Homeownership
Owners 51.37
Renters 48.63
Vacant 22.93

Housing Market Details

 

Age of Homes

AGE OF Lake Geneva HOMES
2000 or Newer 14.0
1970 - 1999 45.8
1940 - 1969 22.2
1939 or Older 17.9

Types of Homes

TYPE OF Lake Geneva HOMES
Single-Family 54.4
Townhomes 5.7
Small Apt. Buildings 11.6
Apt. Complexes 26.8
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Lake Geneva HOMES
No Bedroom 4.18
1 Bedroom 11.79
2 Bedrooms 33.09
3 Bedrooms 32.94
4 Bedrooms 13.81
5 or more bedrooms 4.20

Popular Neighborhoods in Lake Geneva

Zip Codes in Lake Geneva, WI