Richland Center, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Richland Center Neighborhoods Since 2000




Richland Center, 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

Richland Center Housing Market Information

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%).

Richland Center Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$112,655

Richland Center, WI HOME PRICES

Value Range
> $1,069,000 0.0
$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

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
69.7292863002461 92.8131416837782

Number Of Homes And Apartments:
2,311

Richland Center 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
22.18% 1.17% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$773 / per month

Homeownership Rate

Homeownership
Owners 52.40
Renters 47.60
Vacant 6.13

Housing Market Details

 

Age of Homes

AGE OF Richland Center HOMES
2000 or Newer 10.9
1970 - 1999 25.8
1940 - 1969 32.9
1939 or Older 30.3

Types of Homes

TYPE OF Richland Center HOMES
Single-Family 60.1
Townhomes 0.0
Small Apt. Buildings 13.8
Apt. Complexes 22.3
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Richland Center HOMES
No Bedroom 5.24
1 Bedroom 18.89
2 Bedrooms 26.20
3 Bedrooms 38.87
4 Bedrooms 9.26
5 or more bedrooms 1.54

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Zip Codes in Richland Center, WI