Whitefish Bay, 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

Whitefish Bay, WI Housing Market Trends

With a population of 14,954, 5,226 total housing units (homes and apartments), and a median house value of $537,917, Whitefish Bay house prices are not only among the most expensive in Wisconsin, Whitefish Bay real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Whitefish Bay, accounting for 80.91% of the village's housing units. Other types of housing that are prevalent in Whitefish Bay include large apartment complexes or high rise apartments ( 10.37%), duplexes, homes converted to apartments or other small apartment buildings ( 4.71%), and a few row houses and other attached homes ( 3.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Whitefish Bay. Owner-occupied housing accounts for 80.19% of Whitefish Bay's homes, and 69.23% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Whitefish Bay's housing was primarily built during this period, from the '40s through the '60s. A full 46.64% of the village's housing hails from this era. Other housing ages represented in Whitefish Bay include homes built before 1939 ( 44.25%) and housing constructed between 1970-1999 ( 6.98%). There's also some housing in Whitefish Bay built between 2000 and later ( 2.14%).

Whitefish Bay Home Appreciation Rates

Appreciation rates for homes in Whitefish Bay have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 63.51%, which ranks in the top 50% nationwide. This equates to an annual average Whitefish Bay house appreciation rate of 5.04%.

Over the last year, Whitefish Bay appreciation rates have trailed the rest of the nation. In the last twelve months, Whitefish Bay's appreciation rate has been 16.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Whitefish Bay were at 6.42%, which equates to an annual appreciation rate of 28.25%.

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

Average Home Values

 

Median Home Value:
$537,917

Whitefish Bay, WI HOME PRICES

> $1,339,000
4.2%
4.2%
$1,004,001 - $1,339,000
6.3%
6.3%
$670,001 - $1,004,000
18.0%
18.0%
$536,001 - $670,000
18.0%
18.0%
$402,001 - $536,000
27.0%
27.0%
$268,001 - $402,000
17.9%
17.9%
$134,001 - $268,000
7.7%
7.7%
$67,001 - $134,000
0.0%
0.0%
$0 - $67,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WI

Value Relative To Nation

Number Of Homes And Apartments:
5,226

Whitefish Bay 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
114.65% 3.53%
10
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,637 / per month

Homeownership Rate

Owners
80.2%
80.2%
Renters
19.8%
19.8%
Vacant
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.1%
2.1%
1970 - 1999
7.0%
7.0%
1940 - 1969
46.6%
46.6%
1939 or Older
44.2%
44.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.9%
80.9%
Townhomes
3.8%
3.8%
Small Apt. Buildings
4.7%
4.7%
Apt. Complexes
10.4%
10.4%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
3.9%
3.9%
2 Bedrooms
21.4%
21.4%
3 Bedrooms
40.6%
40.6%
4 Bedrooms
28.7%
28.7%
5 or more bedrooms
5.3%
5.3%
0.0% 100.0%
% OF HOMES