Rhinelander, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rhinelander Neighborhoods Since 2000




Rhinelander, 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

Rhinelander Housing Market Information

With a population of 7,526, 3,216 total housing units (homes and apartments), and a median house value of $93,307, 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 61.99% of the city's housing units. Other types of housing that are prevalent in Rhinelander include duplexes, homes converted to apartments or other small apartment buildings ( 15.54%), large apartment complexes or high rise apartments ( 13.03%), and a few mobile homes or trailers ( 6.96%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rhinelander's housing was primarily built during this period, from the '40s through the '60s. A full 40.59% of the city's housing hails from this era. Other housing ages represented in Rhinelander include homes built between 1970-1999 ( 27.67%) and housing constructed before 1939 ( 22.07%). There's also some housing in Rhinelander built between 2000 and later ( 9.67%).

Vacant housing appears to be an issue in Rhinelander. Fully 20.06% 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 -1.89%, which is lower than 80% of US communities.

Over the last year, Rhinelander appreciation rates have trailed the rest of the nation. In the last twelve months, Rhinelander's appreciation rate has been 1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rhinelander were at 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Wisconsin, our data show that Rhinelander's latest annual appreciation rate is lower than 90% 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:
$93,307

Rhinelander, WI HOME PRICES

Value Range
> $1,004,000 0.8
$753,001 - $1,004,000 0.5
$502,001 - $753,000 0.1
$402,001 - $502,000 0.2
$301,001 - $402,000 2.5
$201,001 - $301,000 4.5
$101,001 - $201,000 31.9
$50,001 - $101,000 46.5
$0 - $50,000 13.1

Very Low for WI
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8586663541545 97.9466119096509

Number Of Homes And Apartments:
3,216

Rhinelander 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
12.38% 0.68% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$925 / per month

Homeownership Rate

Homeownership
Owners 59.20
Renters 40.80
Vacant 20.06

Housing Market Details

 

Age of Homes

AGE OF Rhinelander HOMES
2000 or Newer 9.7
1970 - 1999 27.7
1940 - 1969 40.6
1939 or Older 22.1

Types of Homes

TYPE OF Rhinelander HOMES
Single-Family 62.0
Townhomes 2.5
Small Apt. Buildings 15.5
Apt. Complexes 13.0
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Rhinelander HOMES
No Bedroom 0.99
1 Bedroom 11.53
2 Bedrooms 40.39
3 Bedrooms 35.72
4 Bedrooms 9.92
5 or more bedrooms 1.44

Popular Communities Near Rhinelander, WI

Zip Codes in Rhinelander, WI