Stevens Point, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stevens Point, 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

Stevens Point Housing Market Information

With 26,604 people, 10,295 houses or apartments, and a median cost of homes of $144,419, Stevens Point real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Stevens Point, accounting for 53.95% of the city's housing units. Other types of housing that are prevalent in Stevens Point include large apartment complexes or high rise apartments ( 23.11%), duplexes, homes converted to apartments or other small apartment buildings ( 16.44%), and a few row houses and other attached homes ( 4.03%).

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

There is a lot of housing in Stevens Point 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 Stevens Point built between 1940-1969 ( 27.21%). A lesser amount of the housing stock also hails from before 1939 ( 24.00%). There's also some housing in Stevens Point built between 2000 and later ( 15.25%).

Stevens Point Home Appreciation Rates

Appreciation rates for homes in Stevens Point have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.05%, which ranks in the top 40% nationwide. This equates to an annual average Stevens Point house appreciation rate of 0.78%.

NeighborhoodScout's data show that during the latest twelve months, Stevens Point's appreciation rate, at 4.47%, has been at or slightly above the national average. In the latest quarter, Stevens Point's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

Relative to Wisconsin, our data show that Stevens Point's latest annual appreciation rate is higher than 50% 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 Stevens Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Stevens Point - 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 Stevens Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$144,419

Stevens Point, WI HOME PRICES

Value Range
> $1,107,000 0.6
$830,001 - $1,107,000 0.0
$553,001 - $830,000 0.5
$443,001 - $553,000 1.1
$332,001 - $443,000 3.1
$221,001 - $332,000 9.5
$111,001 - $221,000 55.9
$56,001 - $111,000 26.8
$0 - $56,000 2.5

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
52.5372084847064 73.5112936344969

Number Of Homes And Apartments:
10,295

Stevens Point 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
34.72% 1.74% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 44.13
Renters 55.87
Vacant 6.66

Housing Market Details

 

Age of Homes

AGE OF Stevens Point HOMES
2000 or Newer 15.3
1970 - 1999 33.5
1940 - 1969 27.2
1939 or Older 24.0

Types of Homes

TYPE OF Stevens Point HOMES
Single-Family 53.9
Townhomes 4.0
Small Apt. Buildings 16.4
Apt. Complexes 23.1
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Stevens Point HOMES
No Bedroom 2.09
1 Bedroom 13.65
2 Bedrooms 32.95
3 Bedrooms 32.67
4 Bedrooms 14.31
5 or more bedrooms 4.33