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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 36,354, 14,081 total housing units (homes and apartments), and a median house value of $245,192, 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 54.27% of the city's housing units. Other types of housing that are prevalent in Oak Creek include large apartment complexes or high rise apartments ( 32.12%), duplexes, homes converted to apartments or other small apartment buildings ( 7.57%), and a few row houses and other attached homes ( 3.91%).

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 60.36% owning and 39.64% 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 2000 and later ( 22.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.77%). There's also some housing in Oak Creek built before 1939 ( 3.87%).

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 0.97% during the period.

Over the last year, Oak Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Oak Creek's appreciation rate has been 2.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oak Creek were at 0.24%, which equates to an annual appreciation rate of 0.98%.

Relative to Wisconsin, our data show that Oak Creek's latest annual appreciation rate is lower than 60% 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:
$245,192

Oak Creek, WI HOME PRICES

Value Range
> $1,170,000 0.0
$877,001 - $1,170,000 0.3
$585,001 - $877,000 0.4
$468,001 - $585,000 1.1
$351,001 - $468,000 12.0
$234,001 - $351,000 41.7
$117,001 - $234,000 37.9
$59,001 - $117,000 2.3
$0 - $59,000 4.3

High for WI
High for Nation

Value Relative to Nation Value Relative to State
27.8131386861314 21.9712525667351

Number Of Homes And Apartments:
14,081

Oak Creek Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
49.21% 2.07%
7
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,251 / per month

Homeownership Rate

Homeownership
Owners 60.36
Renters 39.64
Vacant 2.79

Housing Market Details

 

Age of Homes

AGE OF Oak Creek HOMES
2000 or Newer 22.8
1970 - 1999 51.5
1940 - 1969 21.8
1939 or Older 3.9

Types of Homes

TYPE OF Oak Creek HOMES
Single-Family 54.3
Townhomes 3.9
Small Apt. Buildings 7.6
Apt. Complexes 32.1
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Oak Creek HOMES
No Bedroom 1.25
1 Bedroom 13.14
2 Bedrooms 28.83
3 Bedrooms 43.19
4 Bedrooms 11.50
5 or more bedrooms 2.08