Necedah, WI Real Estate Market

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Necedah, WI Housing Market Trends

With a population of 918, 392 total housing units (homes and apartments), and a median house value of $126,633, 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 59.03% of the village's housing units. Other types of housing that are prevalent in Necedah include large apartment complexes or high rise apartments ( 24.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.66%), and a few mobile homes or trailers ( 6.09%).

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 between 1940-1969 ( 26.47%). A lesser amount of the housing stock also hails from before 1939 ( 25.00%). There's also some housing in Necedah built between 2000 and later ( 9.45%).

Vacant housing appears to be an issue in Necedah. Fully 17.65% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Necedah, where house values have increased just 10.22%, which is annualized rate of 0.98%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Necedah appreciation rates have trailed the rest of the nation. In the last twelve months, Necedah's appreciation rate has been 4.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Necedah were at 2.28%, which equates to an annual appreciation rate of 9.42%.

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

 
info

Median Home Value:
$126,633

Necedah, WI HOME PRICES

> $1,136,000
0.5%
0.5%
$852,001 - $1,136,000
0.0%
0.0%
$568,001 - $852,000
0.9%
0.9%
$455,001 - $568,000
2.8%
2.8%
$341,001 - $455,000
2.4%
2.4%
$227,001 - $341,000
12.9%
12.9%
$114,001 - $227,000
36.0%
36.0%
$56,001 - $114,000
33.8%
33.8%
$0 - $56,000
10.8%
10.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
392

Necedah Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
40.08% 1.62%
1
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$981 / per month

Homeownership Rate

Owners
50.8%
50.8%
Renters
49.2%
49.2%
Vacant
17.6%
17.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
9.5%
9.5%
1970 - 1999
39.1%
39.1%
1940 - 1969
26.5%
26.5%
1939 or Older
25.0%
25.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.0%
59.0%
Townhomes
0.4%
0.4%
Small Apt. Buildings
9.7%
9.7%
Apt. Complexes
24.8%
24.8%
Mobile Homes
6.1%
6.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.6%
3.6%
1 Bedroom
7.1%
7.1%
2 Bedrooms
39.3%
39.3%
3 Bedrooms
27.9%
27.9%
4 Bedrooms
13.4%
13.4%
5 or more bedrooms
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Necedah

Popular Communities Near Necedah, WI

Zip Codes in Necedah, WI