Oconomowoc, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oconomowoc Neighborhoods Since 2000




Oconomowoc, 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

Oconomowoc Housing Market Information

With 16,360 people, 6,498 houses or apartments, and a median cost of homes of $266,892, Oconomowoc real estate is some of the most expensive in Wisconsin, although Oconomowoc home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Oconomowoc, accounting for 67.33% of the city's housing units. Other types of housing that are prevalent in Oconomowoc include large apartment complexes or high rise apartments ( 20.00%), duplexes, homes converted to apartments or other small apartment buildings ( 7.41%), and a few row houses and other attached homes ( 5.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oconomowoc. Owner-occupied housing accounts for 68.16% of Oconomowoc's homes, and 63.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oconomowoc 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 Oconomowoc built between 1940-1969 ( 22.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.96%). There's also some housing in Oconomowoc built before 1939 ( 18.84%).

Oconomowoc Home Appreciation Rates

Real estate appreciation rates in Oconomowoc's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

NeighborhoodScout's data show that during the latest twelve months, Oconomowoc's appreciation rate, at 3.81%, has been at or slightly above the national average. In the latest quarter, Oconomowoc's appreciation rate has been 1.02%, which annualizes to a rate of 4.13%.

Relative to Wisconsin, our data show that Oconomowoc's latest annual appreciation rate is lower than 60% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$266,892

Oconomowoc, WI HOME PRICES

Value Range
> $1,089,000 2.2
$817,001 - $1,089,000 0.9
$545,001 - $817,000 2.5
$436,001 - $545,000 4.4
$327,001 - $436,000 18.4
$218,001 - $327,000 34.7
$109,001 - $218,000 34.9
$54,001 - $109,000 0.6
$0 - $54,000 1.4

Very High for WI
High for Nation

Value Relative to Nation Value Relative to State
20.1687565920544 9.65092402464066

Number Of Homes And Apartments:
6,498

Oconomowoc 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
33.76% 1.70% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,012 / per month

Homeownership Rate

Homeownership
Owners 68.16
Renters 31.84
Vacant 4.50

Housing Market Details

 

Age of Homes

AGE OF Oconomowoc HOMES
2000 or Newer 22.0
1970 - 1999 36.6
1940 - 1969 22.6
1939 or Older 18.8

Types of Homes

TYPE OF Oconomowoc HOMES
Single-Family 67.3
Townhomes 5.3
Small Apt. Buildings 7.4
Apt. Complexes 20.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oconomowoc HOMES
No Bedroom 1.01
1 Bedroom 9.61
2 Bedrooms 22.66
3 Bedrooms 44.09
4 Bedrooms 19.64
5 or more bedrooms 2.98