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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 411, 259 total housing units (homes and apartments), and a median house value of $385,561, Minocqua real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Minocqua, accounting for 62.40% of the town's housing units. Other types of housing that are prevalent in Minocqua include large apartment complexes or high rise apartments ( 22.06%), duplexes, homes converted to apartments or other small apartment buildings ( 12.82%), and a few row houses and other attached homes ( 2.73%).
People in Minocqua primarily live in small (one, two or no bedroom) single-family detached homes. Minocqua has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Minocqua 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 Minocqua built between 2000 and later ( 24.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.53%). There's also some housing in Minocqua built before 1939 ( 15.13%).
A decent proportion of the Minocqua housing stock is seasonally occupied. That is, homes and condos in Minocqua are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Minocqua housing market speaks to its popularity as a vacation location of choice.
Minocqua's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Minocqua during the period has been just 5.20%, which is lower than 70% of US communities.
Appreciation rates are so strong in Minocqua that despite a nationwide downturn in the housing market, Minocqua real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Minocqua appreciation rates continue to be some of the highest in America, at 7.75%, which is higher than appreciation rates in 82.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Minocqua. Minocqua appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.
Importantly, this makes Minocqua one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Wisconsin, our data show that Minocqua's latest annual appreciation rate is lower than 60% of the other cities and towns in Wisconsin.
$385,561
for Wisconsin
for nation
259
$1,350 / per month