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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rhinelander, WI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rhinelander, WI Housing Market Trends

With a population of 8,234, 3,336 total housing units (homes and apartments), and a median house value of $141,983, house prices in Rhinelander are some of the most affordable in Wisconsin as well as the nation.

Single-family detached homes are the single most common housing type in Rhinelander, accounting for 62.67% of the city's housing units. Other types of housing that are prevalent in Rhinelander include large apartment complexes or high rise apartments ( 15.96%), duplexes, homes converted to apartments or other small apartment buildings ( 12.41%), and a few mobile homes or trailers ( 4.76%).

People in Rhinelander primarily live in small (one, two or no bedroom) single-family detached homes. Rhinelander has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Rhinelander 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 Rhinelander built between 1940-1969 ( 31.66%). A lesser amount of the housing stock also hails from before 1939 ( 24.62%). There's also some housing in Rhinelander built between 2000 and later ( 9.79%).

Vacant housing appears to be an issue in Rhinelander. Fully 24.03% of the housing stock is classified as vacant. Left unchecked, vacant Rhinelander homes and apartments can be a drag on the real estate market, holding Rhinelander 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.

Rhinelander Home Appreciation Rates

Rhinelander's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rhinelander during the period has been just 4.54%, which is lower than 80% of US communities.

Appreciation rates are so strong in Rhinelander that despite a nationwide downturn in the housing market, Rhinelander real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rhinelander appreciation rates continue to be some of the highest in America, at 7.75%, which is higher than appreciation rates in 82.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rhinelander. Rhinelander appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Rhinelander 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 Rhinelander's latest annual appreciation rate is lower than 50% 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 Rhinelander differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rhinelander - 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 Rhinelander real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$141,983

Rhinelander, WI Home Prices
> $1,263,000
$948,001 - $1,263,000
$631,001 - $948,000
$505,001 - $631,000
$379,001 - $505,000
$252,001 - $379,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.0%
0.0%
0.0%
0.0%
1.8%
1.8%
0.5%
0.5%
3.5%
3.5%
8.8%
8.8%
43.0%
43.0%
35.6%
35.6%
6.7%
6.7%
0% 100.0%
% of Homes
Very Low

for Wisconsin

Very Low

for nation

Number of Homes And Apartments:

3,336

Rhinelander Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,231 / per month

Homeownership Rate

Owners
Renters
61.8%
61.8%
38.2%
38.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
24.0%
24.0%
76.0%
76.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.8%
9.8%
33.9%
33.9%
31.7%
31.7%
24.6%
24.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.7%
62.7%
4.2%
4.2%
12.4%
12.4%
16.0%
16.0%
4.8%
4.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
10.0%
10.0%
41.2%
41.2%
35.0%
35.0%
8.6%
8.6%
3.8%
3.8%
0% 100.0%
% of Homes

Zip Codes in Rhinelander, WI