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 | Grant County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,254 | $176,921 | $242,182 |
| Price Trend (Annual %) | 11.6% | 5.3% | 8.2% |
| Median Gross Rent | $812 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grant County is about 35% lower than in Wisconsin. Rent is about 22% 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 Grant County, up about 11.6% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Grant County rose about 20.0% between 2015 and 2023, from $676 to $812. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Grant County.
Buying the median-priced home in Grant County costs roughly 11.8 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 Grant County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Grant County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $115,254 | $176,921 | $242,182 |
| Median Household Income | $64,223 | $75,766 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Grant County rose about 90.3%, while median household income rose about 49.0% 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 | Grant County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.0% | 60.4% | 58.2% |
| Rental Rate | 27.7% | 28.6% | 31.3% |
| Vacancy Rate | 10.3% | 11.1% | 10.6% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Grant County has a homeownership rate of 62.0%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 10.3%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Grant County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1968 | 1973 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Grant County was built around 1968. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grant County, Wisconsin.
What is the median home price in Grant County, Wisconsin?
The median home price in Grant County, Wisconsin is $115,254, lower than the Wisconsin average of $176,921.
What is the average home price in Grant 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 Grant County, Wisconsin?
The median gross rent in Grant County, Wisconsin is $812 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Grant County in 2020?
In 2020, the median gross rent in Grant County, Wisconsin was $704 per month.
What is the price-to-rent ratio in Grant County, Wisconsin?
The price-to-rent ratio in Grant County, Wisconsin is about 11.8, meaning it would take roughly 11.8 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 Grant County.
Are home prices or rent rising faster in Grant County, Wisconsin?
Both home prices and rent are rising in Grant County, up about 11.6% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grant County, Wisconsin?
62.0% of households in Grant County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Grant County, Wisconsin?
The housing vacancy rate in Grant County, Wisconsin is 10.3%, lower than the Wisconsin average of 11.1%.