Wisconsin Rapids, WI Real Estate Data

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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Wisconsin Rapids Housing Market Information

With a population of 17,610, 2,198 total housing units (homes and apartments), and a median house value of $122,426, house prices in Wisconsin Rapids are solidly below the national average.

Single-family detached homes are the single most common housing type in Wisconsin Rapids, accounting for 80.19% of the city's housing units. Other types of housing that are prevalent in Wisconsin Rapids include large apartment complexes or high rise apartments ( 8.17%), mobile homes or trailers ( 5.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wisconsin Rapids. Owner-occupied housing accounts for 77.70% of Wisconsin Rapids's homes, and 60.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wisconsin Rapids 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 Wisconsin Rapids built between 1940-1969 ( 30.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.10%). There's also some housing in Wisconsin Rapids built before 1939 ( 10.85%).

Wisconsin Rapids Home Appreciation Rates

Real estate appreciation rates in Wisconsin Rapids's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.79% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wisconsin Rapids's appreciation rate, at 3.95%, has been at or slightly above the national average. In the latest quarter, Wisconsin Rapids's appreciation rate has been 1.00%, which annualizes to a rate of 4.05%.

Relative to Wisconsin, our data show that Wisconsin Rapids's latest annual appreciation rate is higher than 70% 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 Wisconsin Rapids differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wisconsin Rapids - 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 Wisconsin Rapids real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$122,426

Wisconsin Rapids, WI HOME PRICES

> $1,187,000
0.2%
0.2%
$891,001 - $1,187,000
0.1%
0.1%
$594,001 - $891,000
0.2%
0.2%
$475,001 - $594,000
1.0%
1.0%
$356,001 - $475,000
2.6%
2.6%
$238,001 - $356,000
7.4%
7.4%
$119,001 - $238,000
37.3%
37.3%
$59,001 - $119,000
45.8%
45.8%
$0 - $59,000
5.5%
5.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
2,198

Wisconsin Rapids Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
40.04% 1.64%
2
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$974 / per month

Homeownership Rate

Owners
77.7%
77.7%
Renters
22.3%
22.3%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
13.1%
13.1%
1970 - 1999
45.4%
45.4%
1940 - 1969
30.7%
30.7%
1939 or Older
10.9%
10.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.2%
80.2%
Townhomes
2.9%
2.9%
Small Apt. Buildings
3.3%
3.3%
Apt. Complexes
8.2%
8.2%
Mobile Homes
5.4%
5.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
7.4%
7.4%
2 Bedrooms
27.5%
27.5%
3 Bedrooms
46.9%
46.9%
4 Bedrooms
13.3%
13.3%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Popular Communities Near Wisconsin Rapids, WI

Zip Codes in Wisconsin Rapids, WI