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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.



Richland Center, 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

Richland Center, WI Housing Market Trends

With 4,958 people, 2,288 houses or apartments, and a median cost of homes of $185,645, 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 60.22% of the city's housing units. Other types of housing that are prevalent in Richland Center include large apartment complexes or high rise apartments ( 18.28%), duplexes, homes converted to apartments or other small apartment buildings ( 17.74%), and a few mobile homes or trailers ( 2.92%).

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.

There is a lot of housing in Richland Center 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 Richland Center built before 1939 ( 31.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.61%). There's also some housing in Richland Center built between 2000 and later ( 2.84%).

Vacant housing appears to be an issue in Richland Center. Fully 12.14% of the housing stock is classified as vacant. Left unchecked, vacant Richland Center homes and apartments can be a drag on the real estate market, holding Richland Center 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.

Richland Center Home Appreciation Rates

Richland Center's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Richland Center during the period has been just 5.10%, which is lower than 70% of US communities.

Appreciation rates are so strong in Richland Center that despite a nationwide downturn in the housing market, Richland Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Richland Center appreciation rates continue to be some of the highest in America, at 7.75%, which is higher than appreciation rates in 82.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Richland Center. Richland Center appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Richland Center 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 Richland Center's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.

Average Home Values

Median Home Value

$185,645

Richland Center, WI Home Prices
> $1,276,000
$957,001 - $1,276,000
$638,001 - $957,000
$510,001 - $638,000
$383,001 - $510,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
2.2%
2.2%
0.0%
0.0%
0.2%
0.2%
2.0%
2.0%
4.1%
4.1%
15.1%
15.1%
49.1%
49.1%
20.6%
20.6%
6.7%
6.7%
0% 100.0%
% of Homes
Very Low

for Wisconsin

Low

for nation

Number of Homes And Apartments:

2,288

Richland Center Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,470 / per month

Homeownership Rate

Owners
Renters
56.6%
56.6%
43.4%
43.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.1%
12.1%
87.9%
87.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
2.8%
2.8%
36.1%
36.1%
29.6%
29.6%
31.5%
31.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.2%
60.2%
0.8%
0.8%
17.7%
17.7%
18.3%
18.3%
2.9%
2.9%
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
8.1%
8.1%
12.8%
12.8%
33.3%
33.3%
31.5%
31.5%
12.7%
12.7%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Richland Center

Zip Codes in Richland Center, WI