Nekoosa, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nekoosa, 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

Nekoosa Housing Market Information

With a population of 2,474, 1,028 total housing units (homes and apartments), and a median house value of $92,618, 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 81.30% of the city's housing units. Other types of housing that are prevalent in Nekoosa include large apartment complexes or high rise apartments ( 8.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.06%), and a few row houses and other attached homes ( 3.16%).

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 68.86% of Nekoosa's homes, and 61.23% 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 41.67% of the city's housing hails from this era. Other housing ages represented in Nekoosa include homes built between 1970-1999 ( 27.07%) and housing constructed before 1939 ( 22.72%). There's also some housing in Nekoosa built between 2000 and later ( 8.54%).

Vacant housing appears to be an issue in Nekoosa. Fully 12.21% 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 -0.91%, which is lower than 70% 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 -0.66%, 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 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Wisconsin, our data show that Nekoosa's latest annual appreciation rate is lower than 90% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$92,618

Nekoosa, WI HOME PRICES

Value Range
> $1,000,000 0.0
$750,001 - $1,000,000 0.5
$500,001 - $750,000 0.4
$400,001 - $500,000 0.0
$300,001 - $400,000 0.5
$200,001 - $300,000 2.3
$100,001 - $200,000 33.2
$50,001 - $100,000 53.3
$0 - $50,000 9.8

Very Low for WI
Very Low for Nation

Value Relative to Nation Value Relative to State
82.2834876362358 98.1519507186858

Number Of Homes And Apartments:
1,028

Nekoosa 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
9.52% 0.53% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$834 / per month

Homeownership Rate

Homeownership
Owners 68.86
Renters 31.14
Vacant 12.21

Housing Market Details

 

Age of Homes

AGE OF Nekoosa HOMES
2000 or Newer 8.5
1970 - 1999 27.1
1940 - 1969 41.7
1939 or Older 22.7

Types of Homes

TYPE OF Nekoosa HOMES
Single-Family 81.3
Townhomes 3.2
Small Apt. Buildings 6.1
Apt. Complexes 8.0
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Nekoosa HOMES
No Bedroom 1.37
1 Bedroom 6.92
2 Bedrooms 26.73
3 Bedrooms 49.19
4 Bedrooms 12.04
5 or more bedrooms 3.76

Popular Neighborhoods in Nekoosa

Zip Codes in Nekoosa, WI