Rice Lake, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rice Lake, 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

Rice Lake Housing Market Information

With 8,391 people, 3,936 houses or apartments, and a median cost of homes of $123,653, house prices in Rice Lake are solidly below the national average.

Single-family detached homes are the single most common housing type in Rice Lake, accounting for 52.38% of the city's housing units. Other types of housing that are prevalent in Rice Lake include duplexes, homes converted to apartments or other small apartment buildings ( 21.96%), large apartment complexes or high rise apartments ( 18.88%), and a few mobile homes or trailers ( 3.48%).

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

There is a lot of housing in Rice Lake 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 Rice Lake built before 1939 ( 24.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.25%). There's also some housing in Rice Lake built between 2000 and later ( 12.20%).

Vacant housing appears to be an issue in Rice Lake. Fully 12.86% of the housing stock is classified as vacant. Left unchecked, vacant Rice Lake homes and apartments can be a drag on the real estate market, holding Rice Lake 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.

Rice Lake Home Appreciation Rates

Real estate appreciation rates in Rice Lake's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Rice Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Rice Lake's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rice Lake were at 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Wisconsin, our data show that Rice Lake's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$123,653

Rice Lake, WI HOME PRICES

Value Range
> $1,082,000 0.2
$811,001 - $1,082,000 0.0
$541,001 - $811,000 0.4
$433,001 - $541,000 0.7
$324,001 - $433,000 2.4
$216,001 - $324,000 15.8
$108,001 - $216,000 39.1
$54,001 - $108,000 32.6
$0 - $54,000 8.8

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
63.3745458806985 88.2956878850103

Number Of Homes And Apartments:
3,936

Rice Lake 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
28.85% 1.48% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$740 / per month

Homeownership Rate

Homeownership
Owners 52.10
Renters 47.90
Vacant 12.86

Housing Market Details

 

Age of Homes

AGE OF Rice Lake HOMES
2000 or Newer 12.2
1970 - 1999 41.2
1940 - 1969 22.2
1939 or Older 24.3

Types of Homes

TYPE OF Rice Lake HOMES
Single-Family 52.4
Townhomes 3.3
Small Apt. Buildings 22.0
Apt. Complexes 18.9
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Rice Lake HOMES
No Bedroom 1.70
1 Bedroom 16.76
2 Bedrooms 39.63
3 Bedrooms 27.83
4 Bedrooms 10.54
5 or more bedrooms 3.54

Popular Neighborhoods in Rice Lake

Zip Codes in Rice Lake, WI