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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 26,459 people, 11,661 houses or apartments, and a median cost of homes of $215,356, house prices in Superior are solidly below the national average.
Single-family detached homes are the single most common housing type in Superior, accounting for 61.06% of the city's housing units. Other types of housing that are prevalent in Superior include large apartment complexes or high rise apartments ( 20.49%), duplexes, homes converted to apartments or other small apartment buildings ( 12.62%), and a few row houses and other attached homes ( 3.02%).
People in Superior primarily live in small (one, two or no bedroom) single-family detached homes. Superior has a mixture of owner-occupied and renter-occupied housing.
The housing in Superior was primarily built before 1939 ( 36.48%), making the housing stock in Superior some of the oldest overall in America, although there is a range of ages of homes in Superior. The next most important housing age is between 1970-1999 ( 32.05%), followed by between 1940-1969 ( 24.84%). There's also some housing in Superior built between 2000 and later ( 6.64%).
Appreciation rates for homes in Superior have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.97%, which ranks in the top 50% nationwide. This equates to an annual average Superior house appreciation rate of 6.34%.
Appreciation rates are so strong in Superior that despite a nationwide downturn in the housing market, Superior real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Superior appreciation rates continue to be some of the highest in America, at 7.83%, which is higher than appreciation rates in 84.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Superior. Superior appreciation rates in the latest quarter were at -0.44%, which equates to an annual appreciation rate of -1.73%.
Relative to Wisconsin, our data show that Superior's latest annual appreciation rate is higher than 60% 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 Superior differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Superior - 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 Superior real estate investment or home purchase decisions.
$215,356
for Wisconsin
for nation
11,661
$1,433 / per month