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 11,819 people, 4,519 houses or apartments, and a median cost of homes of $439,246, 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 61.39% of the village's housing units. Other types of housing that are prevalent in Sussex include large apartment complexes or high rise apartments ( 26.17%), row houses and other attached homes ( 6.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.82%).
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 68.40% of Sussex's homes, and 61.93% 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 ( 27.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.83%). There's also some housing in Sussex built before 1939 ( 3.28%).
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 5.62%, which is lower than 70% of US communities.
Appreciation rates are so strong in Sussex that despite a nationwide downturn in the housing market, Sussex real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sussex appreciation rates continue to be some of the highest in America, at 13.05%, which is higher than appreciation rates in 79.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sussex. Sussex appreciation rates in the latest quarter were at 0.81%, which equates to an annual appreciation rate of 3.28%.
Relative to Wisconsin, our data show that Sussex's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.
$439,246
for Wisconsin
for nation
4,519
$1,806 / per month