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.
With a population of 5,013, 2,311 total housing units (homes and apartments), and a median house value of $112,655, house prices in Richland Center are solidly below the national average.
Single-family detached homes are the single most common housing type in Richland Center, accounting for 60.07% of the city's housing units. Other types of housing that are prevalent in Richland Center include large apartment complexes or high rise apartments ( 22.34%), duplexes, homes converted to apartments or other small apartment buildings ( 13.77%), and a few mobile homes or trailers ( 3.82%).
People in Richland Center primarily live in small (one, two or no bedroom) single-family detached homes. Richland Center 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. Richland Center's housing was primarily built during this period, from the '40s through the '60s. A full 32.94% of the city's housing hails from this era. Other housing ages represented in Richland Center include homes built before 1939 ( 30.34%) and housing constructed between 1970-1999 ( 25.79%). There's also some housing in Richland Center built between 2000 and later ( 10.93%).
Real estate appreciation rates in Richland Center's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.68% during the period.
NeighborhoodScout's data show that during the latest twelve months, Richland Center's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Richland Center's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.
Relative to Wisconsin, our data show that Richland Center's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.
|$802,001 - $1,069,000||0.0|
|$535,001 - $802,000||1.3|
|$428,001 - $535,000||0.2|
|$321,001 - $428,000||4.2|
|$214,001 - $321,000||7.8|
|$107,001 - $214,000||41.2|
|$54,001 - $107,000||38.0|
|$0 - $54,000||7.2|
|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 Richland Center HOMES|
|2000 or Newer||10.9|
|1970 - 1999||25.8|
|1940 - 1969||32.9|
|1939 or Older||30.3|
|TYPE OF Richland Center HOMES|
|Small Apt. Buildings||13.8|
|SIZE OF Richland Center HOMES|
|5 or more bedrooms||1.54|