Oak Creek, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oak Creek, 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

Oak Creek Housing Market Information

With a population of 35,243, 14,027 total housing units (homes and apartments), and a median house value of $213,436, Oak Creek real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Oak Creek, accounting for 53.56% of the city's housing units. Other types of housing that are prevalent in Oak Creek include large apartment complexes or high rise apartments ( 33.70%), duplexes, homes converted to apartments or other small apartment buildings ( 6.43%), and a few row houses and other attached homes ( 3.47%).

The most prevalent building size and type in Oak Creek are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.70% owning and 40.30% renting.

There is a lot of housing in Oak Creek 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 Oak Creek built between 1940-1969 ( 21.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.15%). There's also some housing in Oak Creek built before 1939 ( 3.86%).

Oak Creek Home Appreciation Rates

Real estate appreciation rates in Oak Creek's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Oak Creek's appreciation rate, at 5.45%, has been at or slightly above the national average. In the latest quarter, Oak Creek's appreciation rate has been 1.02%, which annualizes to a rate of 4.13%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oak Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oak Creek - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Oak Creek real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$213,436

Oak Creek, WI HOME PRICES

Value Range
> $1,101,000 0.1
$826,001 - $1,101,000 0.3
$551,001 - $826,000 0.4
$441,001 - $551,000 1.2
$330,001 - $441,000 8.0
$220,001 - $330,000 40.8
$110,001 - $220,000 42.0
$55,001 - $110,000 2.9
$0 - $55,000 4.2

High for WI
High for Nation

Value Relative to Nation Value Relative to State
29.0987929215985 25.4620123203285

Number Of Homes And Apartments:
14,027

Oak Creek 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
35.04% 1.76% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,088 / per month

Homeownership Rate

Homeownership
Owners 59.70
Renters 40.30
Vacant 2.56

Housing Market Details

 

Age of Homes

AGE OF Oak Creek HOMES
2000 or Newer 20.1
1970 - 1999 54.9
1940 - 1969 21.1
1939 or Older 3.9

Types of Homes

TYPE OF Oak Creek HOMES
Single-Family 53.6
Townhomes 3.5
Small Apt. Buildings 6.4
Apt. Complexes 33.7
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Oak Creek HOMES
No Bedroom 0.84
1 Bedroom 14.69
2 Bedrooms 29.27
3 Bedrooms 42.13
4 Bedrooms 10.78
5 or more bedrooms 2.29