Nekoosa, 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

Nekoosa, WI Housing Market Trends

With a population of 2,422, 1,075 total housing units (homes and apartments), and a median house value of $108,698, house prices in Nekoosa are some of the most affordable in Wisconsin as well as the nation.

Single-family detached homes are the single most common housing type in Nekoosa, accounting for 81.22% of the city's housing units. Other types of housing that are prevalent in Nekoosa include large apartment complexes or high rise apartments ( 10.49%), duplexes, homes converted to apartments or other small apartment buildings ( 4.15%), and a few mobile homes or trailers ( 2.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nekoosa. Owner-occupied housing accounts for 72.03% of Nekoosa's homes, and 61.79% have either three or four bedrooms, which is average sized relative to America.

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. Nekoosa's housing was primarily built during this period, from the '40s through the '60s. A full 42.03% of the city's housing hails from this era. Other housing ages represented in Nekoosa include homes built between 1970-1999 ( 30.33%) and housing constructed before 1939 ( 18.78%). There's also some housing in Nekoosa built between 2000 and later ( 8.86%).

Vacant housing appears to be an issue in Nekoosa. Fully 12.60% of the housing stock is classified as vacant. Left unchecked, vacant Nekoosa homes and apartments can be a drag on the real estate market, holding Nekoosa 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.

Nekoosa Home Appreciation Rates

Nekoosa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nekoosa during the period has been just 1.22%, which is lower than 80% of US communities.

Over the last year, Nekoosa appreciation rates have trailed the rest of the nation. In the last twelve months, Nekoosa's appreciation rate has been 5.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nekoosa were at 2.33%, which equates to an annual appreciation rate of 9.66%.

Relative to Wisconsin, our data show that Nekoosa's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.

Average Home Values

 
info

Median Home Value:
$108,698

Nekoosa, WI HOME PRICES

> $1,160,000
0.0%
0.0%
$870,001 - $1,160,000
0.0%
0.0%
$580,001 - $870,000
1.1%
1.1%
$464,001 - $580,000
0.0%
0.0%
$348,001 - $464,000
0.9%
0.9%
$232,001 - $348,000
6.0%
6.0%
$116,001 - $232,000
37.0%
37.0%
$58,001 - $116,000
46.0%
46.0%
$0 - $58,000
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
1,075

Nekoosa 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
35.28% 1.45%
1
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$869 / per month

Homeownership Rate

Owners
72.0%
72.0%
Renters
28.0%
28.0%
Vacant
12.6%
12.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
8.9%
8.9%
1970 - 1999
30.3%
30.3%
1940 - 1969
42.0%
42.0%
1939 or Older
18.8%
18.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.2%
81.2%
Townhomes
2.0%
2.0%
Small Apt. Buildings
4.1%
4.1%
Apt. Complexes
10.5%
10.5%
Mobile Homes
2.1%
2.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
6.9%
6.9%
2 Bedrooms
28.8%
28.8%
3 Bedrooms
45.9%
45.9%
4 Bedrooms
15.9%
15.9%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Nekoosa

Zip Codes in Nekoosa, WI