Necedah, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Necedah Neighborhoods Since 2000




Necedah, 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

Necedah Housing Market Information

With 921 people, 326 houses or apartments, and a median cost of homes of $118,013, 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 61.88% of the village's housing units. Other types of housing that are prevalent in Necedah include large apartment complexes or high rise apartments ( 21.75%), mobile homes or trailers ( 6.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.05%).

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 ( 26.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.01%). There's also some housing in Necedah built between 2000 and later ( 5.61%).

Vacant housing appears to be an issue in Necedah. Fully 26.91% 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

Necedah's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Necedah during the period has been just -1.05%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Necedah's appreciation rate, at 4.03%, has been at or slightly above the national average. In the latest quarter, Necedah's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

Relative to Wisconsin, our data show that Necedah's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$118,013

Necedah, WI HOME PRICES

Value Range
> $1,071,000 0.8
$804,001 - $1,071,000 0.2
$536,001 - $804,000 1.4
$429,001 - $536,000 2.3
$321,001 - $429,000 2.5
$214,001 - $321,000 9.9
$107,001 - $214,000 39.0
$53,001 - $107,000 33.1
$0 - $53,000 10.8

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
66.6529942575882 91.170431211499

Number Of Homes And Apartments:
326

Necedah 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
32.94% 1.66% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$958 / per month

Homeownership Rate

Homeownership
Owners 52.97
Renters 47.03
Vacant 26.91

Housing Market Details

 

Age of Homes

AGE OF Necedah HOMES
2000 or Newer 5.6
1970 - 1999 41.9
1940 - 1969 26.0
1939 or Older 26.5

Types of Homes

TYPE OF Necedah HOMES
Single-Family 61.9
Townhomes 4.3
Small Apt. Buildings 6.1
Apt. Complexes 21.7
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Necedah HOMES
No Bedroom 0.45
1 Bedroom 13.23
2 Bedrooms 38.34
3 Bedrooms 28.92
4 Bedrooms 17.04
5 or more bedrooms 2.02

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Zip Codes in Necedah, WI