Whitewater, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Whitewater, WI Housing Market Trends

With 14,895 people, 4,686 houses or apartments, and a median cost of homes of $198,492, Whitewater real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Whitewater, accounting for 40.63% of the city's housing units. Other types of housing that are prevalent in Whitewater include single-family detached homes ( 35.51%), duplexes, homes converted to apartments or other small apartment buildings ( 15.12%), and a few row houses and other attached homes ( 7.34%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Whitewater is dominated by renter-occupied one, two, or no bedrooms apartments. 76.98% of Whitewater's dwellings are rentals.

There is a lot of housing in Whitewater 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 Whitewater built between 1940-1969 ( 25.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.35%). There's also some housing in Whitewater built before 1939 ( 16.41%).

Vacant housing appears to be an issue in Whitewater. Fully 11.53% of the housing stock is classified as vacant. Left unchecked, vacant Whitewater homes and apartments can be a drag on the real estate market, holding Whitewater real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Whitewater Home Appreciation Rates

Whitewater's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Whitewater during the period has been just 2.03%, which is lower than 80% of US communities.

Over the last year, Whitewater appreciation rates have trailed the rest of the nation. In the last twelve months, Whitewater's appreciation rate has been 7.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Whitewater were at 2.06%, which equates to an annual appreciation rate of 8.48%.

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

Average Home Values

 

Median Home Value:
$198,492

Whitewater, WI HOME PRICES

> $1,205,000
0.8%
0.8%
$904,001 - $1,205,000
0.8%
0.8%
$602,001 - $904,000
1.3%
1.3%
$482,001 - $602,000
2.5%
2.5%
$362,001 - $482,000
6.1%
6.1%
$241,001 - $362,000
15.8%
15.8%
$120,001 - $241,000
65.8%
65.8%
$61,001 - $120,000
4.4%
4.4%
$0 - $61,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for WI

Value Relative To Nation

Number Of Homes And Apartments:
4,686

Whitewater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
45.47% 1.76%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$949 / per month

Homeownership Rate

Owners
23.0%
23.0%
Renters
77.0%
77.0%
Vacant
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.4%
18.4%
1970 - 1999
40.2%
40.2%
1940 - 1969
25.1%
25.1%
1939 or Older
16.4%
16.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
35.5%
35.5%
Townhomes
7.3%
7.3%
Small Apt. Buildings
15.1%
15.1%
Apt. Complexes
40.6%
40.6%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.7%
6.7%
1 Bedroom
17.8%
17.8%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
28.3%
28.3%
4 Bedrooms
6.2%
6.2%
5 or more bedrooms
8.7%
8.7%
0.0% 100.0%
% OF HOMES