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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.



Sheboygan, 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

Sheboygan, WI Housing Market Trends

With a population of 49,773, 21,046 total housing units (homes and apartments), and a median house value of $216,219, house prices in Sheboygan are solidly below the national average.

Single-family detached homes are the single most common housing type in Sheboygan, accounting for 57.99% of the city's housing units. Other types of housing that are prevalent in Sheboygan include large apartment complexes or high rise apartments ( 18.67%), duplexes, homes converted to apartments or other small apartment buildings ( 18.62%), and a few row houses and other attached homes ( 3.06%).

The most prevalent building size and type in Sheboygan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.74% owning and 40.26% renting.

The housing in Sheboygan was primarily built before 1939 ( 35.56%), making the housing stock in Sheboygan some of the oldest overall in America, although there is a range of ages of homes in Sheboygan. The next most important housing age is between 1970-1999 ( 30.39%), followed by between 1940-1969 ( 26.38%). There's also some housing in Sheboygan built between 2000 and later ( 7.67%).

Sheboygan Home Appreciation Rates

Appreciation rates for homes in Sheboygan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.42%, which ranks in the top 40% nationwide. This equates to an annual average Sheboygan house appreciation rate of 6.93%.

Appreciation rates are so strong in Sheboygan that despite a nationwide downturn in the housing market, Sheboygan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sheboygan appreciation rates continue to be some of the highest in America, at 10.83%, which is higher than appreciation rates in 97.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sheboygan. Sheboygan appreciation rates in the latest quarter were at -2.19%, which equates to an annual appreciation rate of -8.48%.

Notably, Sheboygan's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wisconsin, our data show that Sheboygan's latest annual appreciation rate is higher 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 Sheboygan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sheboygan - 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 Sheboygan real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$216,219

Sheboygan, WI Home Prices
> $1,382,000
$1,036,001 - $1,382,000
$691,001 - $1,036,000
$553,001 - $691,000
$415,001 - $553,000
$276,001 - $415,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
0.5%
0.5%
0.5%
0.5%
1.0%
1.0%
2.9%
2.9%
3.2%
3.2%
14.9%
14.9%
53.7%
53.7%
18.0%
18.0%
5.2%
5.2%
0% 100.0%
% of Homes
Very Low

for Wisconsin

Low

for nation

Number of Homes And Apartments:

21,046

Sheboygan Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,250 / per month

Homeownership Rate

Owners
Renters
59.7%
59.7%
40.3%
40.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.7%
7.7%
30.4%
30.4%
26.4%
26.4%
35.6%
35.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.0%
58.0%
3.1%
3.1%
18.6%
18.6%
18.7%
18.7%
1.7%
1.7%
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
0.7%
0.7%
12.1%
12.1%
30.4%
30.4%
43.8%
43.8%
10.0%
10.0%
3.0%
3.0%
0% 100.0%
% of Homes