Oconto, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oconto, 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

Oconto Housing Market Information

With a population of 4,476, 1,886 total housing units (homes and apartments), and a median house value of $138,133, house prices in Oconto are solidly below the national average.

Single-family detached homes are the single most common housing type in Oconto, accounting for 74.45% of the city's housing units. Other types of housing that are prevalent in Oconto include large apartment complexes or high rise apartments ( 12.57%), duplexes, homes converted to apartments or other small apartment buildings ( 6.40%), and a few row houses and other attached homes ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oconto. Owner-occupied housing accounts for 65.04% of Oconto's homes, and 54.66% have either three or four bedrooms, which is average sized relative to America.

The housing in Oconto was primarily built before 1939 ( 29.52%), making the housing stock in Oconto some of the oldest overall in America, although there is a range of ages of homes in Oconto. The next most important housing age is between 1970-1999 ( 28.70%), followed by between 1940-1969 ( 26.60%). There's also some housing in Oconto built between 2000 and later ( 15.17%).

Vacant housing appears to be an issue in Oconto. Fully 13.80% of the housing stock is classified as vacant. Left unchecked, vacant Oconto homes and apartments can be a drag on the real estate market, holding Oconto 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.

Oconto Home Appreciation Rates

Real estate appreciation rates in Oconto's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Appreciation rates are so strong in Oconto that despite a nationwide downturn in the housing market, Oconto real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oconto appreciation rates continue to be some of the highest in America, at 7.98%, which is higher than appreciation rates in 86.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oconto. Oconto appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.25%.

Importantly, this makes Oconto one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$138,133

Oconto, WI HOME PRICES

Value Range
> $1,151,000 0.2
$863,001 - $1,151,000 0.3
$576,001 - $863,000 0.2
$460,001 - $576,000 0.7
$345,001 - $460,000 3.1
$230,001 - $345,000 14.0
$115,001 - $230,000 39.7
$57,001 - $115,000 34.3
$0 - $57,000 7.5

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
55.6896753779444 79.8767967145791

Number Of Homes And Apartments:
1,886

Oconto 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
17.64% 0.95% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$725 / per month

Homeownership Rate

Homeownership
Owners 65.04
Renters 34.96
Vacant 13.80

Housing Market Details

 

Age of Homes

AGE OF Oconto HOMES
2000 or Newer 15.2
1970 - 1999 28.7
1940 - 1969 26.6
1939 or Older 29.5

Types of Homes

TYPE OF Oconto HOMES
Single-Family 74.5
Townhomes 3.4
Small Apt. Buildings 6.4
Apt. Complexes 12.6
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Oconto HOMES
No Bedroom 0.00
1 Bedroom 8.18
2 Bedrooms 30.16
3 Bedrooms 41.59
4 Bedrooms 13.07
5 or more bedrooms 6.99

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Zip Codes in Oconto, WI