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 | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $416,666 | $176,921 | $242,182 |
| Price Trend (Annual %) | 34.1% | 5.3% | 8.2% |
| Median Gross Rent | $1,002 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calumet County is about 136% higher than in Wisconsin. Rent is about 4% 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 Calumet County, up about 34.1% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Calumet County rose about 41.7% between 2015 and 2023, from $707 to $1,002. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Calumet County.
Buying the median-priced home in Calumet County costs roughly 34.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Calumet County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $416,666 | $176,921 | $242,182 |
| Median Household Income | $87,755 | $75,766 | $78,145 |
| Price-to-Income Ratio | 4.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calumet County rose about 317.9%, while median household income rose about 42.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.4% | 60.4% | 58.2% |
| Rental Rate | 18.3% | 28.6% | 31.3% |
| Vacancy Rate | 5.4% | 11.1% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Calumet County has a homeownership rate of 76.4%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 5.4%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Calumet County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1974 | 1973 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Calumet County was built around 1974. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calumet County, Wisconsin.
What is the median home price in Calumet County, Wisconsin?
The median home price in Calumet County, Wisconsin is $416,667, higher than the Wisconsin average of $176,921.
What is the average home price in Calumet 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 Calumet County, Wisconsin?
The median gross rent in Calumet County, Wisconsin is $1,002 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Calumet County in 2020?
In 2020, the median gross rent in Calumet County, Wisconsin was $808 per month.
What is the price-to-rent ratio in Calumet County, Wisconsin?
The price-to-rent ratio in Calumet County, Wisconsin is about 34.6, meaning it would take roughly 34.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Calumet County.
Are home prices or rent rising faster in Calumet County, Wisconsin?
Both home prices and rent are rising in Calumet County, up about 34.1% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Calumet County, Wisconsin?
76.4% of households in Calumet County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Calumet County, Wisconsin?
The housing vacancy rate in Calumet County, Wisconsin is 5.4%, lower than the Wisconsin average of 11.1%.