Mondovi, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mondovi, 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

Mondovi Housing Market Information

With a population of 2,654, 1,189 total housing units (homes and apartments), and a median house value of $133,306, house prices in Mondovi are solidly below the national average.

Single-family detached homes are the single most common housing type in Mondovi, accounting for 68.68% of the city's housing units. Other types of housing that are prevalent in Mondovi include large apartment complexes or high rise apartments ( 12.59%), duplexes, homes converted to apartments or other small apartment buildings ( 11.12%), and a few row houses and other attached homes ( 4.82%).

The most prevalent building size and type in Mondovi are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.14% owning and 44.86% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mondovi's housing was primarily built during this period, from the '40s through the '60s. A full 39.74% of the city's housing hails from this era. Other housing ages represented in Mondovi include homes built between 1970-1999 ( 35.81%) and housing constructed before 1939 ( 20.03%). There's also some housing in Mondovi built between 2000 and later ( 4.42%).

Mondovi Home Appreciation Rates

Appreciation rates for homes in Mondovi have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.06%, which ranks in the top 50% nationwide. This equates to an annual average Mondovi house appreciation rate of 0.20%.

Appreciation rates are so strong in Mondovi that despite a nationwide downturn in the housing market, Mondovi real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mondovi appreciation rates continue to be some of the highest in America, at 6.01%, which is higher than appreciation rates in 74.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mondovi. Mondovi appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Wisconsin, our data show that Mondovi's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$133,306

Mondovi, WI HOME PRICES

Value Range
> $1,114,000 0.0
$835,001 - $1,114,000 0.0
$557,001 - $835,000 1.0
$445,001 - $557,000 1.5
$334,001 - $445,000 3.0
$223,001 - $334,000 4.3
$111,001 - $223,000 48.0
$56,001 - $111,000 39.5
$0 - $56,000 2.6

Very Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
58.1038321809446 82.7515400410678

Number Of Homes And Apartments:
1,189

Mondovi 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
31.01% 1.58% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$779 / per month

Homeownership Rate

Homeownership
Owners 55.14
Renters 44.86
Vacant 2.78

Housing Market Details

 

Age of Homes

AGE OF Mondovi HOMES
2000 or Newer 4.4
1970 - 1999 35.8
1940 - 1969 39.7
1939 or Older 20.0

Types of Homes

TYPE OF Mondovi HOMES
Single-Family 68.7
Townhomes 4.8
Small Apt. Buildings 11.1
Apt. Complexes 12.6
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Mondovi HOMES
No Bedroom 0.57
1 Bedroom 12.84
2 Bedrooms 29.84
3 Bedrooms 36.96
4 Bedrooms 16.84
5 or more bedrooms 2.94

Popular Neighborhoods in Mondovi

Zip Codes in Mondovi, WI