Eau Claire, Wisconsin Housing Market Prices
Eau Claire Home Prices and Rent at a Glance
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 35% below the Wisconsin median$111,219
-
Median rent 8% below the Wisconsin median$999
Housing Market Overview
| Metric | Eau Claire | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,219 | $170,479 | $248,835 |
| Price Trend (Annual %) | 2.7% | 4.2% | 7.5% |
| Median Gross Rent | $999 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eau Claire is about 35% lower than in Wisconsin. Rent is about 8% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Eau Claire, up about 2.7% and 3.8% a year respectively. Rent is changing faster.
Median rent in Eau Claire rose about 36.6% between 2015 and 2024, from $731 to $999. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Eau Claire.
Buying the median-priced home in Eau Claire costs roughly 9.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Eau Claire. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Eau Claire | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,219 | $170,479 | $248,835 |
| Median Household Income | $67,603 | $77,698 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eau Claire fell about 10.7%, while median household income rose about 60.8% between 2009 and 2025 — 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 | Eau Claire | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.3% | 60.5% | 58.5% |
| Rental Rate | 42.4% | 28.7% | 31.2% |
| Vacancy Rate | 4.3% | 10.8% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Eau Claire has a homeownership rate of 53.3%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 4.3%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Eau Claire | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1971 | 1974 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Eau Claire was built around 1971. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eau Claire, Wisconsin.
What is the median home price in Eau Claire, Wisconsin?
The median home price in Eau Claire, Wisconsin is $111,219, lower than the Wisconsin average of $170,479.
What is the average home price in Eau Claire, Wisconsin?
The typical home price in Eau Claire, Wisconsin, reported as the median sale price, is $111,219. 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 Eau Claire, Wisconsin?
The median gross rent in Eau Claire, Wisconsin is $999 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Eau Claire in 2020?
In 2020, the median gross rent in Eau Claire, Wisconsin was $806 per month.
What is the price-to-rent ratio in Eau Claire, Wisconsin?
The price-to-rent ratio in Eau Claire, Wisconsin is about 9.3, meaning it would take roughly 9.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Eau Claire.
Are home prices or rent rising faster in Eau Claire, Wisconsin?
Both home prices and rent are rising in Eau Claire, up about 2.7% and 3.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Eau Claire, Wisconsin?
53.3% of households in Eau Claire, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Eau Claire, Wisconsin?
The housing vacancy rate in Eau Claire, Wisconsin is 4.3%, lower than the Wisconsin average of 10.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →