Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Burnett County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,590 | $176,921 | $242,182 |
| Price Trend (Annual %) | 1.3% | 5.3% | 8.2% |
| Median Gross Rent | $758 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Burnett County is about 17% lower than in Wisconsin. Rent is about 27% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Burnett County, up about 1.3% and 2.8% a year respectively. Rent is changing faster.
Median rent in Burnett County rose about 21.5% between 2015 and 2023, from $623 to $758. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Burnett County.
Buying the median-priced home in Burnett County costs roughly 16.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Burnett County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Burnett County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $146,590 | $176,921 | $242,182 |
| Median Household Income | $61,713 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Burnett County rose about 7.9%, while median household income rose about 50.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Burnett County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.4% | 60.4% | 58.2% |
| Rental Rate | 6.8% | 28.6% | 31.3% |
| Vacancy Rate | 53.8% | 11.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Burnett County has a homeownership rate of 39.4%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 53.8%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Burnett County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1981 | 1973 | 1978 |
| Median Number of Rooms | 5.1 | 5.6 | 5.5 |
The typical housing unit in Burnett County was built around 1981. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Burnett County, Wisconsin.
What is the median home price in Burnett County, Wisconsin?
The median home price in Burnett County, Wisconsin is $146,590, lower than the Wisconsin average of $176,921.
What is the average home price in Burnett County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Burnett County, Wisconsin?
The median gross rent in Burnett County, Wisconsin is $758 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Burnett County in 2020?
In 2020, the median gross rent in Burnett County, Wisconsin was $760 per month.
What is the price-to-rent ratio in Burnett County, Wisconsin?
The price-to-rent ratio in Burnett County, Wisconsin is about 16.1, meaning it would take roughly 16.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Burnett County.
Are home prices or rent rising faster in Burnett County, Wisconsin?
Both home prices and rent are rising in Burnett County, up about 1.3% and 2.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Burnett County, Wisconsin?
39.4% of households in Burnett County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Burnett County, Wisconsin?
The housing vacancy rate in Burnett County, Wisconsin is 53.8%, higher than the Wisconsin average of 11.1%.