Mount Pleasant, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mount Pleasant, 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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mount Pleasant Housing Market Information

With 26,360 people, 11,022 houses or apartments, and a median cost of homes of $209,249, Mount Pleasant real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 63.30% of the village's housing units. Other types of housing that are prevalent in Mount Pleasant include large apartment complexes or high rise apartments ( 24.75%), duplexes, homes converted to apartments or other small apartment buildings ( 6.43%), and a few row houses and other attached homes ( 4.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Pleasant. Owner-occupied housing accounts for 76.22% of Mount Pleasant's homes, and 58.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 1940-1969 ( 25.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.64%). There's also some housing in Mount Pleasant built before 1939 ( 5.90%).

Mount Pleasant Home Appreciation Rates

Mount Pleasant's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Pleasant during the period has been just -1.02%, which is lower than 80% of US communities.

Appreciation rates are so strong in Mount Pleasant that despite a nationwide downturn in the housing market, Mount Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Pleasant appreciation rates continue to be some of the highest in America, at 7.98%, which is higher than appreciation rates in 80.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Pleasant. Mount Pleasant appreciation rates in the latest quarter were at -0.25%, which equates to an annual appreciation rate of -1.01%.

Relative to Wisconsin, our data show that Mount Pleasant's latest annual appreciation rate is higher than 80% 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 village. Individual neighborhoods within Mount Pleasant differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Pleasant - 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 Mount Pleasant real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$209,249

Mount Pleasant, WI HOME PRICES

Value Range
> $1,157,000 0.5
$868,001 - $1,157,000 0.5
$579,001 - $868,000 0.3
$463,001 - $579,000 1.4
$347,001 - $463,000 5.2
$231,001 - $347,000 28.4
$116,001 - $231,000 46.1
$58,001 - $116,000 15.0
$0 - $58,000 2.6

High for WI
High for Nation

Value Relative to Nation Value Relative to State
32.2016039337353 30.3901437371663

Number Of Homes And Apartments:
11,022

Mount Pleasant Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
21.55% 1.09%
2
2
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$999 / per month

Homeownership Rate

Homeownership
Owners 76.22
Renters 23.78
Vacant 7.20

Housing Market Details

 

Age of Homes

AGE OF Mount Pleasant HOMES
2000 or Newer 20.6
1970 - 1999 48.1
1940 - 1969 25.4
1939 or Older 5.9

Types of Homes

TYPE OF Mount Pleasant HOMES
Single-Family 63.3
Townhomes 4.9
Small Apt. Buildings 6.4
Apt. Complexes 24.8
Mobile Homes 0.6
Other 0.1

Home Size

SIZE OF Mount Pleasant HOMES
No Bedroom 1.16
1 Bedroom 6.46
2 Bedrooms 31.31
3 Bedrooms 43.30
4 Bedrooms 14.84
5 or more bedrooms 2.93