Montello, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Montello, 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

Montello Housing Market Information

With 1,456 people, 620 houses or apartments, and a median cost of homes of $157,581, Montello real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Montello, accounting for 71.79% of the city's housing units. Other types of housing that are prevalent in Montello include large apartment complexes or high rise apartments ( 11.56%), duplexes, homes converted to apartments or other small apartment buildings ( 8.64%), and a few mobile homes or trailers ( 5.97%).

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

There is a lot of housing in Montello 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 Montello built before 1939 ( 34.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.58%). There's also some housing in Montello built between 2000 and later ( 8.26%).

Vacant housing appears to be an issue in Montello. Fully 21.22% of the housing stock is classified as vacant. Left unchecked, vacant Montello homes and apartments can be a drag on the real estate market, holding Montello 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.

Montello Home Appreciation Rates

Appreciation rates for homes in Montello have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.79%, which ranks in the top 50% nationwide. This equates to an annual average Montello house appreciation rate of 0.18%.

NeighborhoodScout's data show that during the latest twelve months, Montello's appreciation rate, at 3.75%, has been at or slightly above the national average. In the latest quarter, Montello's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

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

Average Home Values

 

Median Home Value:
$157,581

Montello, WI HOME PRICES

Value Range
> $1,075,000 0.2
$806,001 - $1,075,000 0.0
$538,001 - $806,000 0.5
$430,001 - $538,000 1.9
$323,001 - $430,000 7.6
$215,001 - $323,000 16.3
$108,001 - $215,000 46.0
$54,001 - $108,000 20.4
$0 - $54,000 7.1

Average for WI
Average for Nation

Value Relative to Nation Value Relative to State
46.7303410289464 59.7535934291581

Number Of Homes And Apartments:
620

Montello 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
39.33% 1.94% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$750 / per month

Homeownership Rate

Homeownership
Owners 54.50
Renters 45.50
Vacant 21.22

Housing Market Details

 

Age of Homes

AGE OF Montello HOMES
2000 or Newer 8.3
1970 - 1999 36.5
1940 - 1969 20.6
1939 or Older 34.7

Types of Homes

TYPE OF Montello HOMES
Single-Family 71.8
Townhomes 2.0
Small Apt. Buildings 8.6
Apt. Complexes 11.6
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Montello HOMES
No Bedroom 3.68
1 Bedroom 12.71
2 Bedrooms 38.25
3 Bedrooms 33.67
4 Bedrooms 8.51
5 or more bedrooms 3.18

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Zip Codes in Montello, WI