Mequon, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mequon, 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

Mequon Housing Market Information

With 23,946 people, 9,307 houses or apartments, and a median cost of homes of $377,982, Mequon house prices are not only among the most expensive in Wisconsin, Mequon 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 Mequon, accounting for 74.95% of the city's housing units. Other types of housing that are prevalent in Mequon include row houses and other attached homes ( 11.88%), large apartment complexes or high rise apartments ( 7.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mequon. Owner-occupied housing accounts for 85.33% of Mequon's homes, and 69.27% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mequon 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 Mequon built between 1940-1969 ( 27.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.96%). There's also some housing in Mequon built before 1939 ( 6.38%).

Mequon Home Appreciation Rates

Real estate appreciation rates in Mequon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

NeighborhoodScout's data show that during the latest twelve months, Mequon's appreciation rate, at 4.22%, has been at or slightly above the national average. In the latest quarter, Mequon's appreciation rate has been 1.02%, which annualizes to a rate of 4.13%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mequon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mequon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mequon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$377,982

Mequon, WI HOME PRICES

Value Range
> $1,112,000 5.5
$834,001 - $1,112,000 6.9
$556,001 - $834,000 14.2
$445,001 - $556,000 12.9
$334,001 - $445,000 19.2
$222,001 - $334,000 24.6
$111,001 - $222,000 13.3
$55,001 - $111,000 1.6
$0 - $55,000 1.8

Very High for WI
Very High for Nation

Value Relative to Nation Value Relative to State
10.4652525489277 2.25872689938398

Number Of Homes And Apartments:
9,307

Mequon 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
31.58% 1.60% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,571 / per month

Homeownership Rate

Homeownership
Owners 85.33
Renters 14.67
Vacant 5.76

Housing Market Details

 

Age of Homes

AGE OF Mequon HOMES
2000 or Newer 12.0
1970 - 1999 54.4
1940 - 1969 27.2
1939 or Older 6.4

Types of Homes

TYPE OF Mequon HOMES
Single-Family 74.9
Townhomes 11.9
Small Apt. Buildings 5.1
Apt. Complexes 7.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Mequon HOMES
No Bedroom 1.15
1 Bedroom 2.54
2 Bedrooms 18.14
3 Bedrooms 36.90
4 Bedrooms 32.37
5 or more bedrooms 8.89