Neillsville, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Neillsville, WI Real Estate Data


Neillsville Housing Market Information

With 2,409 people, 1,053 houses or apartments, and a median cost of homes of $114,168, house prices in Neillsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Neillsville, accounting for 77.11% of the city's housing units. Other types of housing that are prevalent in Neillsville include large apartment complexes or high rise apartments ( 13.77%), duplexes, homes converted to apartments or other small apartment buildings ( 5.57%), and a few mobile homes or trailers ( 1.94%).

The most prevalent building size and type in Neillsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.74% owning and 37.26% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Neillsville's housing was primarily built during this period, from the '40s through the '60s. A full 31.76% of the city's housing hails from this era. Other housing ages represented in Neillsville include homes built before 1939 ( 31.33%) and housing constructed between 1970-1999 ( 29.22%). There's also some housing in Neillsville built between 2000 and later ( 7.69%).

Vacant housing appears to be an issue in Neillsville. Fully 11.06% of the housing stock is classified as vacant. Left unchecked, vacant Neillsville homes and apartments can be a drag on the real estate market, holding Neillsville 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.

Neillsville Home Appreciation Rates

Appreciation rates for homes in Neillsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.96%, which ranks in the top 40% nationwide. This equates to an annual average Neillsville house appreciation rate of 1.05%.

NeighborhoodScout's data show that during the latest twelve months, Neillsville's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Neillsville's appreciation rate has been 1.22%, which annualizes to a rate of 4.99%.

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

Average Home Values

 

Median Home Value:
$114,168

Neillsville, WI HOME PRICES

Value Range
> $1,103,000 0.0
$828,001 - $1,103,000 0.1
$552,001 - $828,000 1.0
$441,001 - $552,000 1.5
$331,001 - $441,000 5.5
$221,001 - $331,000 8.1
$110,001 - $221,000 32.1
$55,001 - $110,000 40.6
$0 - $55,000 11.1

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
69.742929085905 93.6344969199179

Number Of Homes And Apartments:
1,053

Rent & Ownership

 

Average Market Rent:
$889 / per month

Homeownership Rate

Homeownership
Owners 62.74
Renters 37.26
Vacant 11.06

Housing Market Details

 

Age of Homes

AGE OF Neillsville HOMES
2000 or Newer 7.7
1970 - 1999 29.2
1940 - 1969 31.8
1939 or Older 31.3

Types of Homes

TYPE OF Neillsville HOMES
Single-Family 77.1
Townhomes 1.6
Small Apt. Buildings 5.6
Apt. Complexes 13.8
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Neillsville HOMES
No Bedroom 1.86
1 Bedroom 10.81
2 Bedrooms 25.84
3 Bedrooms 37.75
4 Bedrooms 18.07
5 or more bedrooms 5.66

Neillsville 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
34.87% 1.78% 6 4
* 10 is highest

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