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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Oconto HOMES|
|2000 or Newer||15.2|
|1970 - 1999||28.7|
|1940 - 1969||26.6|
|1939 or Older||29.5|
|TYPE OF Oconto HOMES|
|Small Apt. Buildings||6.4|
|SIZE OF Oconto HOMES|
|5 or more bedrooms||6.99|