Sussex, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sussex, WI Housing Market Trends

With a population of 11,487, 4,086 total housing units (homes and apartments), and a median house value of $356,499, Sussex real estate is some of the most expensive in Wisconsin, although Sussex home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sussex, accounting for 63.71% of the village's housing units. Other types of housing that are prevalent in Sussex include large apartment complexes or high rise apartments ( 26.59%), duplexes, homes converted to apartments or other small apartment buildings ( 4.92%), and a few row houses and other attached homes ( 4.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sussex. Owner-occupied housing accounts for 69.07% of Sussex's homes, and 61.89% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sussex 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 Sussex built between 2000 and later ( 20.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.65%). There's also some housing in Sussex built before 1939 ( 4.33%).

Sussex Home Appreciation Rates

Sussex's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sussex during the period has been just 3.85%, which is lower than 70% of US communities.

Over the last year, Sussex appreciation rates have trailed the rest of the nation. In the last twelve months, Sussex's appreciation rate has been 16.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sussex were at 6.39%, which equates to an annual appreciation rate of 28.13%.

Relative to Wisconsin, our data show that Sussex's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$356,499

Sussex, WI HOME PRICES

> $1,247,000
0.0%
0.0%
$935,001 - $1,247,000
0.5%
0.5%
$623,001 - $935,000
2.4%
2.4%
$499,001 - $623,000
9.4%
9.4%
$374,001 - $499,000
22.7%
22.7%
$249,001 - $374,000
42.2%
42.2%
$125,001 - $249,000
17.0%
17.0%
$62,001 - $125,000
1.1%
1.1%
$0 - $62,000
4.7%
4.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for WI

Value Relative To Nation

Number Of Homes And Apartments:
4,086

Sussex Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
73.22% 2.53%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,377 / per month

Homeownership Rate

Owners
69.1%
69.1%
Renters
30.9%
30.9%
Vacant
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.5%
20.5%
1970 - 1999
60.6%
60.6%
1940 - 1969
14.6%
14.6%
1939 or Older
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.7%
63.7%
Townhomes
4.8%
4.8%
Small Apt. Buildings
4.9%
4.9%
Apt. Complexes
26.6%
26.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
7.4%
7.4%
2 Bedrooms
27.2%
27.2%
3 Bedrooms
43.2%
43.2%
4 Bedrooms
18.7%
18.7%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES