Fitchburg, Wisconsin Housing Market Prices
Fitchburg 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.
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Median home price 164% above the Wisconsin median$450,000
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Median rent 29% above the Wisconsin median$1,401
Housing Market Overview
| Metric | Fitchburg | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $170,479 | $248,835 |
| Price Trend (Annual %) | 12.8% | 4.2% | 7.5% |
| Median Gross Rent | $1,401 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fitchburg is about 164% higher than in Wisconsin. Rent is about 29% higher 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 Fitchburg, up about 12.8% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Fitchburg rose about 54.7% between 2015 and 2024, from $906 to $1,401. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Fitchburg.
Buying the median-priced home in Fitchburg costs roughly 26.8 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 Fitchburg. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Fitchburg | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $170,479 | $248,835 |
| Median Household Income | $98,739 | $77,698 | $80,455 |
| Price-to-Income Ratio | 4.6 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fitchburg rose about 77.7%, while median household income rose about 41.5% between 2009 and 2025 — 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 | Fitchburg | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.2% | 60.5% | 58.5% |
| Rental Rate | 41.9% | 28.7% | 31.2% |
| Vacancy Rate | 1.9% | 10.8% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Fitchburg has a homeownership rate of 56.2%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 1.9%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Fitchburg | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1995 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Fitchburg was built around 1995. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Fitchburg, WI Housing Compared With Nearby Cities
How Fitchburg, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fitchburg, WI | 34,584 | $450,000 #1/2 | $1,401 #1/2 | 57.3% #1/2 |
| Madison, WI | 260,079 | $433,782 | $1,396 | 44.6% |
Frequently Asked Questions
Common questions about the housing market in Fitchburg, Wisconsin.
What is the median home price in Fitchburg, Wisconsin?
The median home price in Fitchburg, Wisconsin is $450,000, higher than the Wisconsin average of $170,479.
What is the average home price in Fitchburg, Wisconsin?
The typical home price in Fitchburg, Wisconsin, reported as the median sale price, is $450,000. 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 Fitchburg, Wisconsin?
The median gross rent in Fitchburg, Wisconsin is $1,401 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Fitchburg in 2020?
In 2020, the median gross rent in Fitchburg, Wisconsin was $1,117 per month.
What is the price-to-rent ratio in Fitchburg, Wisconsin?
The price-to-rent ratio in Fitchburg, Wisconsin is about 26.8, meaning it would take roughly 26.8 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 Fitchburg.
Are home prices or rent rising faster in Fitchburg, Wisconsin?
Both home prices and rent are rising in Fitchburg, up about 12.8% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fitchburg, Wisconsin?
56.2% of households in Fitchburg, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Fitchburg, Wisconsin?
The housing vacancy rate in Fitchburg, Wisconsin is 1.9%, lower than the Wisconsin average of 10.8%.
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