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 | Green Lake County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,424 | $176,921 | $242,182 |
| Price Trend (Annual %) | 4.1% | 5.3% | 8.2% |
| Median Gross Rent | $806 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Green Lake County is about 4% higher than in Wisconsin. Rent is about 23% 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 Green Lake County, up about 4.1% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Green Lake County rose about 31.2% between 2015 and 2023, from $614 to $806. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Green Lake County.
Buying the median-priced home in Green Lake County costs roughly 19.0 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 Green Lake County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Green Lake County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,424 | $176,921 | $242,182 |
| Median Household Income | $67,987 | $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 Green Lake County rose about 7.7%, while median household income rose about 40.3% between 2009 and 2023 — 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 | Green Lake County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.9% | 60.4% | 58.2% |
| Rental Rate | 19.0% | 28.6% | 31.3% |
| Vacancy Rate | 24.1% | 11.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Green Lake County has a homeownership rate of 56.9%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 24.1%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Green Lake County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1970 | 1973 | 1978 |
| Median Number of Rooms | 6.1 | 5.6 | 5.5 |
The typical housing unit in Green Lake County was built around 1970. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Green Lake County, Wisconsin.
What is the median home price in Green Lake County, Wisconsin?
The median home price in Green Lake County, Wisconsin is $183,424, higher than the Wisconsin average of $176,921.
What is the average home price in Green Lake 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 Green Lake County, Wisconsin?
The median gross rent in Green Lake County, Wisconsin is $806 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Green Lake County in 2020?
In 2020, the median gross rent in Green Lake County, Wisconsin was $730 per month.
What is the price-to-rent ratio in Green Lake County, Wisconsin?
The price-to-rent ratio in Green Lake County, Wisconsin is about 19.0, meaning it would take roughly 19.0 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 Green Lake County.
Are home prices or rent rising faster in Green Lake County, Wisconsin?
Both home prices and rent are rising in Green Lake County, up about 4.1% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Green Lake County, Wisconsin?
56.9% of households in Green Lake County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Green Lake County, Wisconsin?
The housing vacancy rate in Green Lake County, Wisconsin is 24.1%, higher than the Wisconsin average of 11.1%.