Neillsville, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Neillsville, 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

Neillsville Housing Market Information

With 2,409 people, 1,036 houses or apartments, and a median cost of homes of $109,718, 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 74.19% of the city's housing units. Other types of housing that are prevalent in Neillsville include large apartment complexes or high rise apartments ( 13.67%), duplexes, homes converted to apartments or other small apartment buildings ( 7.89%), and a few mobile homes or trailers ( 2.38%).

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 63.88% owning and 36.12% 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 34.80% of the city's housing hails from this era. Other housing ages represented in Neillsville include homes built before 1939 ( 31.83%) and housing constructed between 1970-1999 ( 26.23%). There's also some housing in Neillsville built between 2000 and later ( 7.13%).

Vacant housing appears to be an issue in Neillsville. Fully 12.05% 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 3.57%, which ranks in the top 50% nationwide. This equates to an annual average Neillsville house appreciation rate of 0.35%.

Over the last year, Neillsville appreciation rates have trailed the rest of the nation. In the last twelve months, Neillsville's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Neillsville were at 0.52%, which equates to an annual appreciation rate of 2.09%.

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

Average Home Values

 

Median Home Value:
$109,718

Neillsville, WI HOME PRICES

Value Range
> $1,083,000 0.0
$813,001 - $1,083,000 0.1
$542,001 - $813,000 0.2
$433,001 - $542,000 0.7
$325,001 - $433,000 4.3
$217,001 - $325,000 7.7
$109,001 - $217,000 33.6
$54,001 - $109,000 39.4
$0 - $54,000 13.9

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
71.5809211297316 94.8665297741273

Number Of Homes And Apartments:
1,036

Neillsville 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
33.22% 1.68% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$693 / per month

Homeownership Rate

Homeownership
Owners 63.88
Renters 36.12
Vacant 12.05

Housing Market Details

 

Age of Homes

AGE OF Neillsville HOMES
2000 or Newer 7.1
1970 - 1999 26.2
1940 - 1969 34.8
1939 or Older 31.8

Types of Homes

TYPE OF Neillsville HOMES
Single-Family 74.2
Townhomes 1.9
Small Apt. Buildings 7.9
Apt. Complexes 13.7
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Neillsville HOMES
No Bedroom 3.57
1 Bedroom 11.63
2 Bedrooms 24.87
3 Bedrooms 36.25
4 Bedrooms 18.85
5 or more bedrooms 4.84

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Zip Codes in Neillsville, WI