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 | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,655 | $176,921 | $242,182 |
| Price Trend (Annual %) | 12.0% | 5.3% | 8.2% |
| Median Gross Rent | $976 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eau Claire County is about 12% higher than in Wisconsin. Rent is about 7% 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 Eau Claire County, up about 12.0% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Eau Claire County rose about 31.0% between 2015 and 2023, from $745 to $976. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Eau Claire County.
Buying the median-priced home in Eau Claire County costs roughly 16.9 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 Eau Claire County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,655 | $176,921 | $242,182 |
| Median Household Income | $72,392 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Eau Claire County rose about 94.4%, while median household income rose about 60.2% 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 | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.3% | 60.4% | 58.2% |
| Rental Rate | 35.1% | 28.6% | 31.3% |
| Vacancy Rate | 5.6% | 11.1% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Eau Claire County has a homeownership rate of 59.3%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 5.6%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Eau Claire County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1976 | 1973 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Eau Claire County was built around 1976. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eau Claire County, Wisconsin.
What is the median home price in Eau Claire County, Wisconsin?
The median home price in Eau Claire County, Wisconsin is $197,655, higher than the Wisconsin average of $176,921.
What is the average home price in Eau Claire 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 Eau Claire County, Wisconsin?
The median gross rent in Eau Claire County, Wisconsin is $976 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Eau Claire County in 2020?
In 2020, the median gross rent in Eau Claire County, Wisconsin was $818 per month.
What is the price-to-rent ratio in Eau Claire County, Wisconsin?
The price-to-rent ratio in Eau Claire County, Wisconsin is about 16.9, meaning it would take roughly 16.9 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 Eau Claire County.
Are home prices or rent rising faster in Eau Claire County, Wisconsin?
Both home prices and rent are rising in Eau Claire County, up about 12.0% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eau Claire County, Wisconsin?
59.3% of households in Eau Claire County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Eau Claire County, Wisconsin?
The housing vacancy rate in Eau Claire County, Wisconsin is 5.6%, lower than the Wisconsin average of 11.1%.