Monona, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Monona Neighborhoods Since 2000




Monona, 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

Monona Housing Market Information

With 8,164 people, 3,940 houses or apartments, and a median cost of homes of $264,018, Monona real estate is some of the most expensive in Wisconsin, although Monona home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Monona, accounting for 53.13% of the city's housing units. Other types of housing that are prevalent in Monona include large apartment complexes or high rise apartments ( 37.13%), duplexes, homes converted to apartments or other small apartment buildings ( 7.84%), and a few row houses and other attached homes ( 1.71%).

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

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. Monona's housing was primarily built during this period, from the '40s through the '60s. A full 58.78% of the city's housing hails from this era. Other housing ages represented in Monona include homes built between 1970-1999 ( 23.12%) and housing constructed between 2000 and later ( 13.94%). There's also some housing in Monona built before 1939 ( 4.17%).

Monona Home Appreciation Rates

Appreciation rates for homes in Monona have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.62%, which ranks in the top 40% nationwide. This equates to an annual average Monona house appreciation rate of 0.83%.

Appreciation rates are so strong in Monona that despite a nationwide downturn in the housing market, Monona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Monona appreciation rates continue to be some of the highest in America, at 6.79%, which is higher than appreciation rates in 79.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Monona. Monona appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.

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

Average Home Values

 

Median Home Value:
$264,018

Monona, WI HOME PRICES

Value Range
> $1,152,000 2.0
$864,001 - $1,152,000 1.7
$576,001 - $864,000 5.7
$461,001 - $576,000 2.7
$346,001 - $461,000 13.3
$230,001 - $346,000 39.3
$115,001 - $230,000 33.2
$58,001 - $115,000 0.8
$0 - $58,000 1.2

Very High for WI
High for Nation

Value Relative to Nation Value Relative to State
20.5261924293918 10.2669404517454

Number Of Homes And Apartments:
3,940

Monona 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
58.60% 2.71% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$944 / per month

Homeownership Rate

Homeownership
Owners 54.52
Renters 45.48
Vacant 2.28

Housing Market Details

 

Age of Homes

AGE OF Monona HOMES
2000 or Newer 13.9
1970 - 1999 23.1
1940 - 1969 58.8
1939 or Older 4.2

Types of Homes

TYPE OF Monona HOMES
Single-Family 53.1
Townhomes 1.7
Small Apt. Buildings 7.8
Apt. Complexes 37.1
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Monona HOMES
No Bedroom 2.01
1 Bedroom 22.54
2 Bedrooms 27.68
3 Bedrooms 35.54
4 Bedrooms 10.96
5 or more bedrooms 1.26