Necedah, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Necedah, WI Real Estate Data


Necedah Housing Market Information

With 921 people, 338 houses or apartments, and a median cost of homes of $119,447, house prices in Necedah are solidly below the national average.

Single-family detached homes are the single most common housing type in Necedah, accounting for 60.60% of the village's housing units. Other types of housing that are prevalent in Necedah include large apartment complexes or high rise apartments ( 19.27%), duplexes, homes converted to apartments or other small apartment buildings ( 8.35%), and a few mobile homes or trailers ( 6.00%).

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

There is a lot of housing in Necedah 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 Necedah built before 1939 ( 27.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.34%). There's also some housing in Necedah built between 2000 and later ( 6.00%).

Vacant housing appears to be an issue in Necedah. Fully 27.62% of the housing stock is classified as vacant. Left unchecked, vacant Necedah homes and apartments can be a drag on the real estate market, holding Necedah 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.

Necedah Home Appreciation Rates

Real estate appreciation rates in Necedah's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.56% during the period.

Appreciation rates are so strong in Necedah that despite a nationwide downturn in the housing market, Necedah real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Necedah appreciation rates continue to be some of the highest in America, at 5.78%, which is higher than appreciation rates in 71.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Necedah. Necedah appreciation rates in the latest quarter were at 1.22%, which equates to an annual appreciation rate of 4.99%.

Relative to Wisconsin, our data show that Necedah's latest annual appreciation rate is higher than 70% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$119,447

Necedah, WI HOME PRICES

Value Range
> $1,063,000 0.6
$796,001 - $1,063,000 0.2
$531,001 - $796,000 2.0
$425,001 - $531,000 1.9
$319,001 - $425,000 3.2
$213,001 - $319,000 11.7
$106,001 - $213,000 38.4
$53,001 - $106,000 31.2
$0 - $53,000 10.8

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
66.6861860982608 91.5811088295688

Number Of Homes And Apartments:
338

Rent & Ownership

 

Average Market Rent:
$773 / per month

Homeownership Rate

Homeownership
Owners 53.42
Renters 46.58
Vacant 27.62

Housing Market Details

 

Age of Homes

AGE OF Necedah HOMES
2000 or Newer 6.0
1970 - 1999 40.5
1940 - 1969 26.3
1939 or Older 27.2

Types of Homes

TYPE OF Necedah HOMES
Single-Family 60.6
Townhomes 5.8
Small Apt. Buildings 8.4
Apt. Complexes 19.3
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Necedah HOMES
No Bedroom 0.43
1 Bedroom 14.13
2 Bedrooms 35.97
3 Bedrooms 31.69
4 Bedrooms 15.42
5 or more bedrooms 2.36

Necedah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.23% 1.70% 6 4
* 10 is highest

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Zip Codes in Necedah, WI